November 1, 2006 - Saskatoon, SK – Sangster’s Health Centres, (a division of Planet Organic Health Corp. POH-TSX Venture Exchange), Canada’s longest running health and nutrition franchise announced today that it has acquired two existing health food stores in Calgary.
Formerly known as “The Vitamin Warehouse”, these stores will operate as Sangster’s Health Centres and will immediately begin undergoing conversion to reflect their new standing as part of the Sangster’s franchise system. They will initially be run as corporately owned stores, with the intent to franchise to qualified franchisees. Located in Calgary’s Willow Park Village and in the desirable Kensington commercial district, the acquisition of these two stores increases Sangster’s Health Centres’ presence in Calgary to 5 locations and to a total of 49 across Canada and 1 internationally.
In celebrating their 35th year in business, Sangster’s is extremely excited to have reached the 50 store milestone. “I’ve been told 50 retail stores tells an investor that the company has a good marketable product, and successfully conducting business for 35 years tells an investor that the company has a profitable system,” states Sangster’s VP Business Development, Darryl Sangster. “This 50 store milestone is very exciting for Sangster’s Health Centres as these stores play a part in our overall strategy to increase Sangster’s market penetration through a careful mix of new franchise locations and acquisitions of existing stores. Such strategic expansion is key to strengthening our market exposure, applying our proven management and marketing systems to attract new customers and increase profitability”.