EDMONTON, April 11, 2006 /PRNewswire-FirstCall via COMTEX/ -- Planet Organic Health Corp (TSX Venture Exchange - POH), Canada's leading natural and organic supermarket chain, announced today that it has signed a lease for a 10,000 square foot natural food grocery store in Port Credit, Ontario, located 20 minutes west of Toronto.
Mark Craft, president of the company's Planet Organic Markets division said, "This is our first venture into Ontario and it's a real coup for us to start with a location with such a long history." The new site was formerly home to Alternatives Market, a pioneering Canadian natural food store. Craft said that this move follows Planet Organic's plan to merge the leading locations and natural product stores in Canada.
"It will also be a good thing for the many loyal customers of Alternatives Market," Craft said. "We'll be giving the space a new look with a major renovation to provide an even better shopping experience." The new store will feature an expanded 100% organic produce section, more vitamins and natural body care, an expanded bulk food section and a baker's pantry.
Planet Organic Market's first Ontario store will be situated in a vibrant community with a small town feel, Port Credit, which is known as Mississauga's "Village on the Lake". Planet Organic's CFO Darren Krissie added, "Port Credit is a unique part of Ontario. Recent revitalization has made Port Credit an even better location for Planet Organic to place a footprint in the province."
Commenting on the last twelve months at Planet Organic, Craft said, "We are extremely pleased with our growth. The demand for organic food is on the rise and we have built a strong team to deliver to our future customers in Ontario." He said that Planet Organic is actively pursuing other acquisitions and build-outs in that province.
Recently, the company announced that it was building its fifth western Canadian store in Calgary, Alberta, set to open in the fourth quarter of 2006. The new Port Credit store is anticipated to open in the same period.
ABOUT PLANET ORGANIC
Planet Organic Health Corp. (CA:POH: news, chart, profile) , is a natural products industry company, comprising manufacturing, distribution and retail. Recently recognized as one of the Top 50 Companies on the TSX Venture Exchange, the company operates natural food supermarkets in Edmonton, Victoria, Calgary, Port Coquitlam and Halifax under the Planet Organic Market banner. In addition, the company operates 47 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 recently announced plans to acquire Healthy's Nutrition Centres, a seven-store chain in the Greater Toronto Area.