CALGARY, Sept 12, 2006 /PRNewswire-FirstCall via COMTEX/ -- Planet Organic Health Corp. (TSX Venture Exchange - POH), announced today that Planet Organic Markets, Canada's leading natural and organic supermarket chain, will acquire The Big Fresh, a 5,000 square-foot natural food market situated in a prime location at Jasper Avenue and 121 Street in Edmonton.
"The good news for The Big Fresh shoppers is that we're going to increase the product selection with more fresh, 100% certified organic produce and a new deli featuring our delicious grab and go selections." said Mark Craft, co-founder and President of Planet Organic Markets. "We'll also give shoppers easy access to Planet Organic's high-quality organic groceries and all-natural supplements, including body-care goods."
It will be the second Planet Organic Market in Edmonton. Planet Organic's existing Edmonton supermarket has demonstrated superior growth and profitability over the past two years. "The new store will further strengthen Planet Organic's brand loyalty in Edmonton," said Mr. Craft.
The acquisition is subject to final TSXV approval and further details will be disclosed on closing.
The company recently acquired Healthy's Nutrition Centres, a seven-store health food chain, located in Toronto, Ontario. Planet Organic Markets also announced the commencement of the construction of a new store in Port Credit, Ontario and an October opening of their second market location in Calgary, Alberta.
ABOUT PLANET ORGANIC
Planet Organic Markets operates natural food supermarkets in Edmonton, Victoria, Calgary, Port Coquitlam and Halifax, and the company will open more stores in Calgary and Port Credit, Ontario in the autumn of 2006. Planet Organic Markets sells only 100% certified organic produce, all-natural groceries, a healthy deli selection, organic meats, fair trade coffee and chocolates as well as all-natural supplements, and body care products. For each Planet Organic Market, three children from Foster Parents Plan are sponsored, and the company donates a portion of net profits to the Sierra Club of Canada, a non-profit environmental organization. Log onto www.planetorganic.ca.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.