Fresh Harvest Products, Inc., announced today a corporate update detailing the status of its acquisition strategy and product licensing initiatives. Michael Friedman, President of Fresh Harvest, said, "Activity continues on a number of our projects in pursuit of our stated aim to explore appropriate opportunities to acquire businesses and/or product lines that share our goals and balanced approach to product quality and will enhance the Company's growth and shareholder value."
Management is currently in preliminary discussions regarding the potential acquisition(s) of business assets that are consistent and complementary with the Company's current products and beliefs. In general, the Company is actively seeking to pursue opportunities to acquire assets that will enhance the Company's growth potential and enhance shareholder value. It is our intention that these assets, once acquired, would provide additional opportunities for our existing products to be included in new distribution channels and activities. We evaluate opportunities on a case-by-case basis and generally are focused on assets that will allow us to better serve established natural and organic markets which provide us the opportunity to add to the Company's distribution and product portfolio.
About Fresh Harvest Products, Inc.
Fresh Harvest Products, Inc. sells, markets and distributes natural and organic food products and beverages. Under the Wings of Nature(TM) brand name, Fresh Harvest offers a line of organic snack products, which primarily include health bars, coffee bars, tortilla chips and salsa. In addition, Fresh Harvest provides a grocery product line, which includes several varieties of whole bean and ground coffees, olive oil and beverages. The Company sells its products through specialty and natural food distributors to stores, specialty supermarkets and retailers. Fresh Harvest Products, Inc. is headquartered in New York City. Additional information is available at www.freshharvestproducts.com.
Safe Harbor Statement
Statements contained herein that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the Company's expectations about its future operating results, performance and opportunities that involve substantial risks and uncertainties. When used herein, the words "anticipate," "believe," "estimate," "plan," "intend" and "expect" and similar expressions, as they relate to Fresh Harvest Products, Inc., or its management, are intended to identify such forward-looking statements. These forward-looking statements are based on information currently available to the Company and are subject to a number of risks, uncertainties, and other factors that could cause the Company's actual results, performance, prospects, and opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, such factors, including risk factors, discussed in the Company's periodic reports and other filings made with the U.S. Securities and Exchange Commission, including its Annual Report for the year ending October 31, 2006 filed on Form 10KSB. Except as required by the Federal Securities law, the Company does not undertake any obligation to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or for any other reason.