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Romana Food Blockchain Corp. completes acquisition due-diligence of Michelis Egidio SNC.

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OAKVILLE, ON, Feb. 21, 2018 /PRNewswire/ - Romana Food Blockchain Corp. (OTC: RFBC) The board of directors are pleased to announce the completion of the due-diligence for Michelis Egidio SNC.

The board of directors have instructed senior management to perform a final visit in the month of March to meet all of the employees and management of Michelis.

The acquisition of Michelis Egidio SNC is expected to add $23 million USD in revenue for the company. 

Romana Food Blockchain Crop and Michelis Egidio SNC expect the acquisition to take place on or before April 30, 2018. 

About Romana Food Blockchain Corp
Romana Food Blockchain Corp is an emerging leader in the authentic Italian Food sector. The Company is in the process of acquiring food processing plants specializing in Italian products. It is currently in the final stages of acquiring plants in North America and in Italy.

Safe Harbor Act: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter forward-looking statements, whether as a result of new information, future events or otherwise.

For more information visit the Company's website at:
http://romanafoodbrands.com

 

SOURCE Romana Food Brands Corp

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