Organto Announces First Shipments and Deliveries of 500,000 lbs of Produce in December
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 14, 2016) - Organto Foods Inc. (TSX VENTURE:OGO) announces the sale and shipments of its first products as a combined company. In addition, the Company is pleased to provide an update for estimated shipments for the month of December 2015.
Organto shipped approximately 500,000 pounds of fresh produce including Brussels sprouts, fine French green beans (haricot vert), snow peas and sugar snaps to clients in North America and Europe. "We are pleased with our progress to date and having been able to commence our operations as a newly combined company. We continue to execute our business plan to be the leading vertically integrated branded organic food company," mentioned Peter Gianulis, President & CEO of Organto. "Our clients and customers have responded favourably to our philosophy, products and strategy since the announcement of our merger. We are also happy with our progress in implementing our social responsibility platform with the goal of making Organto a leader in the industry. We look forward to providing further information and updates on our progress in the coming months," emphasized Mr. Gianulis.
ON BEHALF OF THE BOARD,
Peter L Gianulis
President & CEO
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.
This release may include certain forward-looking information and statements, as defined by law including without limitation Canadian securities laws and the "safe harbor" provisions of the US Private Securities Litigation Reform Act of 1995 ("forward-looking statements"). In particular, and without limitation this news release contains forward-looking statements respecting the company's future plans for growth and development of the business, implementation of a comprehensive social responsibility platform and achieving management's goals and objectives; the future prospects for the company; management's beliefs, assumptions and expectations; and general business and economic conditions. Forward-looking statements are based on a number of assumptions that may prove to be incorrect, including without limitation assumptions about the following: levels of agricultural production; achieving a sufficient level of profitability to allow management to fund social responsibility initiatives; establishing market share; cost increases; dependence on suppliers, partners and contractual counter-parties; changes in the business or prospects of the company; unforeseen circumstances; risks associated with the organic and conventional produce business, including inclement weather, unfavourable growing conditions, low crop yields and similar risks; general business and economic conditions; and ongoing relations with employees, consultants, partners and joint venturers. The foregoing list is not exhaustive and we undertake no obligation to update any of the foregoing except as required by law.
FOR FURTHER INFORMATION PLEASE CONTACT:
Organto Foods Inc.