Genufood Energy Enzymes Corp. entered into a memorandum of understanding with Deep Waters Trust and Murray and Nancy Watkinson Family Trust of New Zealand. The purpose of the MOU is outline the terms and conditions related to the creation of a New Zealand subsidiary of the company that will set up a production facility and plant for the treatment, processing and bottling of packaged drinking water.

The MOU basic terms which will be formalized in a formal agreement that the parties have to enter into within 2 years.