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Independent Reviews for Venture Investors

IZ.V - Time will tell.

International Zeolite (IZ.V) is an international marketer and supplier of natural zeolite and zeolite products.

Zeolites are known for their absorption capacities for multiple industries.

- Agriculture: Odor control in composting, fertilizer in greenhouse, animal health and hygiene, as well as, a feed supplement.

- Aquaculture: Fish farming, aquariums, and transport, removing nitrates, nitrites, and phosphate to maintain water quality.

- Water treatment: Filtration, minimizing runoff, removing micro-organism (ammonia) and heavy metals (Cu, Zn, Ni, Pb).

- Industrial: Road salt replacement, absorbent for oil spills and radioactive waste containment, and gas separation.

We initiated coverage July 2017, with additional notes on September 2017, February 2018, July 2018 and February 2019. Below is an update.

Mar. 20 - Poultry Trial Confirms Economics. Positive results of 2nd in-field poultry study provides vital cost-benefit analysis.

Use of Bromley Creek zeolite poultry additive increased producer profits by 6.5%.

Phase II initiated December 2018. The results of both Phase I and Phase II of the in-field trial have demonstrated a clear link between the use of Bromley Creek zeolite poultry additive and the resultant improved yields, better bird health and superior economics for farmers.

Company to implement marketing strategy to target Canada’s $2.9B poultry industry.

Apr. 9 - Retains Venture Liquidity Providers Inc. as Market Maker. The market-making service will be undertaken by VLP through a registered broker, W.D. Latimer Co. Ltd. VLP will buy and sell shares of International Zeolite Corp. for the purpose of maintaining an orderly trading market or providing liquidity in the Company's shares Company has agreed to pay VLP $5,000 per month.

Apr. 25 - First Quarter Operations Review and Update. Second phase of testing of the Company’s poultry feed additive, meetings with new commercial and industrial clients in eastern Canada and exhibiting at the upcoming National Hardware Show in Las Vegas in May.

Earth Innovations Inc., the Company’s sales and marketing division continued to see a positive year over year growth in sales in the first quarter. Sales of ecoTraction and ecoTractionPRO performed well over this 2018-2019 winter season. Larger scale pilot projects with municipalities in Ontario are anticipated for the coming 2019-2020 season. Full first quarter financial results will be released in late May.

Further to the Company’s news release dated April 9, 2019 the Company confirms that, in accordance with TSX Venture Exchange policies, no options will be granted to the named market maker, Venture Liquidity Partners Inc.

May 28 - Bromley Creek Zeolite Receives Certification as Soil Conditioner Received Canadian Food Inspection Agency (CFIA) certification for use as a soil conditioner. The Organic Materials Review Institute (OMRI) has also approved it’s use by certified organic growers. each independent zeolite deposit requires certification by the CFIA when added to soil as a growing medium or added to feeds for livestock.

Also reports increased sales and interest from several feed mills in Canada following Lloyd J. Weber’s (D.V.M Diplomate of ACPV), Poultry Health Consultant’s report analyzing the benefits of the Company’s zeolite in broiler chicken feed in an antibiotic-free commercial flock.

June 19 - Earth Innovations to Expand Marketing and Merchandising in USA. Earth Innovations, the Company’s operational arm, has signed Liberty Marketing Solutions of Lowell, Arkansas to represent the Company and its products to Walmart, Sam’s Club and Fred Meyer stores.

The Company has granted incentive stock options to directors, officers and consultants to purchase up to 900,000 common shares in the capital of the Company at an exercise price of $0.10 for a two year period.

Despite enlisting market maker services, IZ.V lost 40% value. Overall, a total of five releases were issued in the past seven months. The news on the Second Poultry Trial was encouraging. At the time, IZ.V reported : Company to implement marketing strategy to target Canada’s $2.9B poultry industry.

On April 25th, IZ.V provided a review and update to the market. It reported "meetings with new commercial and industrial clients in eastern Canada" and "Larger scale pilot projects with municipalities in Ontario are anticipated for the coming 2019-2020 season".

In addition, it referred to positive growth from its subsidiary Earth Innovations Inc. (EII) and even referred to its Q1 Earning release date. Unfortunately, there were no follow up release highlighting Q1 Earnings. Revenues were $0.17M vs. $0.118M YOY and a net loss of $0.25M vs. $0.332M YOY. Also, IZ.V reported having $0.138M cash on hand vs. $1.08M last year. The filing also stated: At March 31, 2019, the cash balance of $138,608 is not sufficient to meet its obligations related to its accounts payable and accrued liabilities of $260,570. The Company will need to raise additional capital in the future to fund its administrative and exploration and evaluation expenditures as well as service its long-term debt obligations.

On May 28, IZ.V reported that Broomley Creek Zeolite received certification from the Canadian Food Inspection Agency (CFIA) and Organic Material Review Institute (OMRI). This is a significant step as its a requirement for adding it to soil as a growing medium or adding to feeds for livestock. At the time, it reported "increased sales and interest from several feed mills in Canada". To date, no announcement have been made or update provided.

June 19 was the last released issued by the company (almost three months soon) regarding EII's US distribution. As depicted in the chart above, IZ.V valuation has been trending down since July. Otherwise, there has been eight insider purchases in the period, seven from the CEO for a total of $18,985. Over half of the purchase occurred after April 27th with the last one in August 19th.

A recent filing was made regarding a change in Auditor (also not released) and Q2 results are still outstanding. Hence, details on sales to feed mills and the current financial health needs to be provided. While the intent around the lack of communications is unknown, it is emblematic? For instance, after a binding agreement to acquire 55% of Ichaana Indo-Can Zeolite, the initiative was reduced to a fertilizers research studies. The last update provided was October 2018. At the time the IZ.V reported to be: in the process of pursuing technologies to commercialize the manufacturing of zeolite coated urea.

Perhaps, an argument can be made that IZ.V should be taken at face value this time. The endorsement by Lloyd J. Weber's (D.V.M Diplomate of ACPV), Poultry Health Consultant's report was after all cited as a catalyst. However, the reasons for the lengthy silence at IZ.V remains peculiar.

Is it indicative of fulfilling requirements for the signing of a feed mill? Or is it simply preparing to raise more funds? Time will tell.

DISCLAIMER: The work included in this article is based on current events, technical charts, and the author’s opinions. It may contain errors, and you shouldn’t make any investment decision based solely on what you read here. This publication contains forward-looking statements, including but not limited to comments regarding predictions and projections. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The content of rally is provided for informational and entertainment purposes only and is not a recommendation to buy or sell any security. Always thoroughly do your own due diligence and talk to a licensed investment adviser prior to making any investment decisions - rally cannot take responsibility for your investment decisions.


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