EDMONTON, ALBERTA, Dec 6, 2005 (CCNMatthews via COMTEX) -- PLANET ORGANIC HEALTH CORP (CA:POH) Canada's leading natural and organic foods supermarket chain was today named to the 2005 TSX Venture 50(TM), the first ever ranking of Canada's top emerging public companies listed on TSX Venture Exchange.
The TSX Venture 50 are the top 10 companies in each of five major industry sectors - mining, oil & gas, technology, life science and diversified industries - based on a ranking formula with equal weighting given to one-year revenue (last reported 12 months), return on investment, market cap growth and trading volume. All data was as of August 31, 2005.
"We are very proud to launch the TSX Venture 50 to celebrate the achievement of our issuers," said Linda Hohol, President, TSX Venture Exchange. "The impressive list of companies demonstrates that the TSX Venture Exchange is a unique incubator of public companies, and the companies in the TSX Venture 50 are living proof as to why this market is working."
"Being named to the TSX Venture 50 is a tremendous recognition for our accomplishments as a company" reports Ron Francisco, Chairman, CEO. Company co-founders Darren Krissie, Mark Craft and Diane Shaskin add, " It has been a great journey so far. We've overcome several challenges as a growing company and we're really just beginning. We are glad to have Roy Sangster and his team on board helping us achieve our goals." Roy Sangster is president of the Sangster division, Mark Craft is president of the Planet Organic Market division, Darren Krissie is CFO and Diane Shaskin is VP Marketing of the Planet Organic Market division.
Planet Organic Health Corp has achieved the following milestones over the last several months:
- Net income for the year ended June 30, 2005 was up by 140% over the previous year;
- Fiscal 2005 annual sales were up over 120% over the previous year;
- Net income in the recently reported quarter was up by 519% over last year;
- Revenues were up by 81% in the recent quarter over last year;
- Planet Organic Market signed a new lease for a second location in Calgary.
The 2005 TSX Venture 50(TM) was compiled based on public historical data and is not an invitation to purchase securities listed on Toronto Stock Exchange and/or TSX Venture Exchange. TSX Group Inc. and its affiliates do not endorse or recommend any securities referenced in this ranking. Neither TSX Group Inc. nor its affiliated companies represent, warrant or guarantee the accuracy or the completeness of the information. You should not rely on this information contained herein for any trading, business or financial purposes. TSX Group Inc. and its affiliates assume no liability for any errors or inaccuracies herein or any use or reliance upon this information.
For further financial information and a copy of our first quarter financials, please visit our investor link at www.planetorganichealthcorp.com/invest/howtoinvest.htm
ABOUT PLANET ORGANIC
Planet Organic Health Corp (POHC) is a natural products industry company, comprising manufacturing, distribution and retail. It operates natural food supermarkets in Edmonton, Victoria, Calgary, Port Coquitlam and Halifax under the Planet Organic Market banner. In addition the company operates 48 natural health outlets under the Sangster's Health Centre banner. Another POHC company, Trophic Canada is the country's leading manufacturer of natural supplements. Planet Organic's retail stores provide its customers with the convenience of one-stop shopping by offering a broad product selection in all merchandise categories. POHC's objective is to consolidate the fragmented natural and organic foods industry in Canada via acquisitions, mergers and new retail operations.
This news release contains forward-looking information. Actual results may vary significantly from estimates.