Natural and Organic Foods Category Poised for Continued Strong Growth According to New Adams, Harkness & Hill Industry Report

BOSTON--(BUSINESS WIRE)--April 18, 2002--A Better Food & Nutrition Industry Report issued today by Adams, Harkness & Hill (AH&H) projects significant, sustained growth and attractive investment opportunities in the natural and organic foods categories. AH&H believes that the mainstreaming of natural and organic foods, currently a $15 billion category, will drive double-digit annual growth over the next several years.

"Over the last decade, we've seen the beginnings of the industrialization and mainstreaming of natural and organic foods, but the category is still young and growing -- which implies further expansion ahead. And, it's worth noting that recent negative trends in the overall economy have had little effect on the growth of the natural and organic category," said Scott Van Winkle, principal and Better Food & Nutrition analyst, Adams, Harkness & Hill. "One of the attractive aspects of the food industry for investors is that trends are generally long and visible, providing both individual and institutional investors with ever-important time to identify trends."

The Better Food & Nutrition Industry Report provides an overview of the size and growth of the natural and organic industry, as well as detailing the industry's driving factors and overall structure. The $15 billion natural and organic food category is part of the $32 billion natural products industry. AH&H estimates natural food segment growth at 8 to 10 percent for the next several years and organic food segment growth at a more robust 20 to 25 percent rate. Demographic drivers that will fuel that growth include the aging of baby boomers, the rise in self care, better understanding of the correlation between diet and health, favorable regulation and increased consumer understanding of the negative effects of pesticides, food additives and genetically engineered ingredients.

Adams, Harkness, & Hill is a privately held, full-service institutional investment bank focused on emerging growth companies in the technology, healthcare and consumer sectors. Headquartered in Boston, Massachusetts, and with offices in San Francisco, California, London and Paris, AH&H offers the expertise of a national investment bank with the personalized attention and long-term client relationships of a boutique investment bank. European services are offered through Adams, Harkness & Hill Ltd. More information is available at Member NYSE/NASD/SIPC.

The information contained herein is based on sources Adams, Harkness & Hill believes to be reliable, but it is neither all-inclusive nor guaranteed to be accurate. Adams, Harkness & Hill has not independently verified the facts, assumptions, and estimates contained herein and, accordingly, makes no representation or warranty, express or implied, concerning the fairness, accuracy, or completeness of the information and opinions contained herein. Opinions reflect our judgment at a particular time and are subject to change.

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