Organic Alliance, Inc. (Pink Sheets: ORGC), announces that during last week's trip to the Organic Expo in Mexico City the company found a number of new Organic produce crops for shipment next year including cucumbers, bananas and a large citrus supply. This will complement the AvocadoMan Brand acquisition which the company hopes to close before the end of the year. Recently, the company announced a letter of intent with AvocadoMan Brand.
"AvocadoMan is a well established organic brand that is currently in stores across Canada. Last year the AvocadoMan brand generated 12 million dollars in revenue and the brand is currently tracking more than two times last year's revenues," according to the brand's Senior Executive, Stavros Daskos.
"We are thrilled to take over the AvocadoMan brand, and to have a Sales Vice President as experienced as Josh join our Company," said Tom Morrison, Chairman/CEO of Organic Alliance. "The brand has strong relationships with many grocery stores and foodservice accounts in Canada and should continue to grow and prosper in our new Alliance."
About Organic Alliance:
Organic Alliance plans to become one of the world's leading providers of USDA certified organic foods and crops to many of the nation's leading consumer package companies and food processors, as well as some of the largest national food grocery chains out there. Organic Alliance sources top quality, safe tested and certified organic produce at the source -- prior to customer shipment, utilizing USDA certification in conjunction with the in-house OAI Quality Team. Company CEO Tom Morrison was CEO of Superior Farming, formerly one of the largest corporate farms and organic farming operations in the world before being acquired by Sun World International and later Black Diamond Capital Management. For more information, please visit http://organicallianceinc.com/.
'Safe Harbor' Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. All statements which address actual results could differ materially from those expressed or implied in forward-looking statements. These statements are made on the basis of management's views and assumptions. As a result, there can be no assurance that management's expectations will necessarily come to pass. These forward-looking statements generally can be identified by phrases such as management 'believes,' 'expects,' 'anticipates,' 'foresees,' 'forecasts,' 'estimates' or other words or phrases of similar import. Similarly, statements in this release that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.