Organto Foods Inc.

Organto Foods Inc.

April 14, 2016 09:00 ET

Organto Launches Organto Europa BV; Hires Rients van der Wal

VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 14, 2016) - Organto Foods Inc. (TSX VENTURE:OGO) is pleased to announce the appointment of Mr. Rients van der Wal as the Managing Director of Organto Europa BV, Organto's recently formed European subsidiary based in the Netherlands. Rients brings over 15 years of experience in the produce and organic food industry, having recently been Head of Sales of Total Exotics for Total Produce, one of the largest importers and distributors of fresh produce in Europe. His responsibilities will include building out Organto's distribution efforts in Europe as well as strategic sourcing of additional products.

"The appointment of Mr. van der Wal and the creation of Organto Europa BV are key aspects of our vertical integration strategy of growing organic produce, processing, packaging, importing, and distributing to our customers in Europe. We can more efficiently control quality along the entire logistics chain in order to respond more effectively to our client needs and requests," commented Peter Gianulis, President and CEO of Organto Foods Inc.


Peter L Gianulis, President & CEO

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This release may include certain forward-looking information and statements, as defined by law including without limitation Canadian securities laws and the "safe harbor" provisions of the US Private Securities Litigation Reform Act of 1995 ("forward-looking statements"). In particular, and without limitation this news release contains forward-looking statements respecting the company's future plans for growth and development of the business, implementation of a comprehensive social responsibility platform and achieving management's goals and objectives; the future prospects for the company; management's beliefs, assumptions and expectations; and general business and economic conditions. Forward-looking statements are based on a number of assumptions that may prove to be incorrect, including without limitation assumptions about the following: levels of agricultural production; achieving a sufficient level of profitability to allow management to fund social responsibility initiatives; establishing market share; cost increases; dependence on suppliers, partners and contractual counter-parties; changes in the business or prospects of the company; unforeseen circumstances; risks associated with the organic and conventional produce business, including inclement weather, unfavourable growing conditions, low crop yields and similar risks; general business and economic conditions; and ongoing relations with employees, consultants, partners and joint venturers. The foregoing list is not exhaustive and we undertake no obligation to update any of the foregoing except as required by law.

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