EDMONTON, June 1, 2006 /PRNewswire-FirstCall via COMTEX/ -- Planet Organic Health Corp (TSX Venture Exchange - POH), Canada's leading natural products retailer, announced today it has closed the acquisition of Healthy's Nutrition Centres, a seven-store health- food chain in the greater Toronto area.
Healthy's Nutrition Centres have been operated for 15 years by Ameen Ferris, the company President, and his brother, Mirwan. Both founding members will continue to manage the existing locations and further develop the Ontario market for Planet Organic corporate lifestyle stores. Healthy's Nutrition Centres are located in major shopping centres throughout the Toronto area and offer a complete range of health supplements and personal care products.
"We are excited to have Healthy's part of our Planet Organic group; it gives us the opportunity to expand the Ontario market with an established chain of stores," said Darren Krissie, Planet's Vice-President, Corporate Development and CFO.
Krissie pointed out that Planet Organic Health Corp has continued to achieve its growth targets. "We have grown from one location to 60 including the Healthy's chain in under five years. We have been consistent in choosing winning acquisitions which add value for our shareholders."
Closing is subject to final TSX approval.
Log onto www.planetorganichealthcorp.com to learn more about Planet Organic Health Corp.
ABOUT PLANET ORGANIC
Planet Organic Health Corp. (CA:POH: news, chart, profile) , is a natural products industry company, comprising manufacturing, distribution and retail. 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 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.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release contains forward-looking information. Actual results may vary significantly from estimates.