Finance

Kraig Biocraft Laboratories Completes Planting of 2,000 Mulberry Trees at its New Texas Location to Support Spider Silk Production

ANN ARBOR, Mich., March 03, 2017 (GLOBE NEWSWIRE) — Kraig Biocraft Laboratories, Inc. (OTCQB:KBLB) (“Company”), the leading developer of spider silk based fibers, today announced it has completed the planting of the first 2,000 mulberry trees at its Texas location.  This facility and these trees will be used to supply the Company’s US recombinant spider silk operations with fresh mulberry leaves.  The Company expects to begin harvesting these leaves in the 3rd or 4th quarter of this year.  “We’ve invested a tremendous amount of effort over the last thirty days preparing the new Texas facility and planting these first 2,000 trees,” said COO Jon Rice.  “Those long days and a handful of fire ant bites have rewarded us, with what we expect will be, the capacity to support all of our US silk production without the need of expensive artificial diet.  We’re looking forward to our first harvest this fall.” The Company is now in the process of assessing its needs for additional mulberry trees and will make a decision regarding additional plantings later this year. To view the most recent edition of Kraig’s Spider Sense quarterly newsletter and/or to sign up for Company alerts, please go to www.kraiglabs.com/newsletter. For more information about Spider Silk, check it out at www.kraiglabs.com/spider-silk. About Kraig Biocraft Laboratories, Inc.Kraig Biocraft Laboratories, Inc. (www.KraigLabs.com), a fully reporting biotechnology company is the leading developer of genetically engineered spider silk based fiber technologies. The Company has achieved a series of scientific breakthroughs in the area of spider silk technology with implications for the global textile industry. Cautionary Statement Regarding Forward Looking InformationStatements in this press release about the Company’s future and expectations other than historical facts are “forward-looking statements.” These statements are made on the basis of management’s current views and assumptions. As a result, there can be no assurance that management’s expectations will necessarily come to pass. These forward-looking statements generally can be identified by phrases such as “believes,” “plans,” “expects,” “anticipates,” “foresees,” “estimated,” “hopes,” “if,” “develops,” “researching,” “research,” “pilot,” “potential,” “could” or other words or phrases of similar import. Forward looking statements include descriptions of the Company’s business strategy, outlook, objectives, plans, intentions and goals. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. This press release does not constitute an offer to sell or the solicitation of an offer to buy any security.Ben Hansel, Hansel Capital, LLC(720) 288-8495ir@KraigLabs.com

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