SOURCE: Organic Alliance

March 17, 2011 09:15 ET

Organic Alliance, Inc. Secures $1.8 Million in Purchase Order Financing

SALINAS, CA--(Marketwire - March 17, 2011) - Organic Alliance, Inc. (PINKSHEETS: ORGC), an emerging grower and shipper of certified organic, fair trade and conventional fresh food products in the global marketplace, today announced it has received an expandable $1.8 Million purchase order financing line. This credit facility was provided by Liquid Capital, of Texas, based out of San Antonio, TX.

"Organic Alliance has resumed the procurement of high quality organic and conventional food products with suppliers by securing payment schedules that meet the producers' growing and packing cycles," said Parker Booth, President and CEO of Organic Alliance, Inc. "Demand for high quality organic food products is strong for our expanding customer base. The financial support of Liquid Capital allows Organic Alliance to resume, expand and continue servicing its customers as well as secure larger produce contracts to support a stable supply chain of high quality organic produce."

"We find Organic Alliance's market segment for organic fresh food products an exciting and rapidly growing part of the multi-billion dollar food products industry. We see a definite need for companies such as Organic Alliance, and Liquid Capital stands ready to support their growth with continued financing," said Ron Edinger, President and owner of Liquid Capital of Texas.

About Organic Alliance, Inc.
Organic Alliance, Inc. brings together a unique alliance of respected growers, packers and shippers from around the world in order to source, market and distribute best-quality certified-organic and conventional food products that are fairly traded and fairly priced. Products are grown, packed and shipped under Organic Alliance supervision using advanced quality, food safety and sustainable agriculture practices. The company's Approved Origins™ Program delivers not only on-demand traceability, but transparency in all business-critical practices, including leading-edge practices, continuous improvement and work force fairness. To find out more about Organic Alliance products, contact the company at 831-240-0295 or visit www.organicallianceinc.com.

"Safe Harbor" Statement: Under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. All statements which address actual results could differ materially from those expressed or implied in forward-looking statements. These statements are made on the basis of management's views and assumptions. As a result, there can be no assurance that management's expectations will necessarily come to pass. These forward-looking statements generally can be identified by phrases such as management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements in this release that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements 

Contact Information

  • For Information Contact:
    David Kugelman
    404-281-8556