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Organto Foods Inc
Symbol OGO
Shares Issued 112,234,599
Close 2017-10-03 C$ 0.20
Market Cap C$ 22,446,920
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Organto Foods appoints Kleerebezem as CFO

2017-10-05 08:31 ET - News Release

Mr. Arnoud Maas reports

ORGANTO FOODS INC. APPOINTS ERIK KLEEREBEZEM AS CHIEF FINANCIAL OFFICER

Organto Foods Inc. has appointed Erik Kleerebezem to the position of chief financial officer, effective immediately. Mr. Kleerebezem will replace Andrew Yau whose services as CFO have been provided under a transition services agreement (TSA) with a related party.

"The appointment of Erik as chief financial officer fully aligns with our strategic plan and the needs of our business as we position for continued expansion and scaling of commercial operations in the coming quarters," commented Arnoud Maas, chief executive officer of Organto. "Erik will play a key leadership role as we transition financial and accounting services provided by a related party, to a stand-alone financial and accounting group dedicated entirely to Organto."

Mr. Kleerebezem is a Dutch national with extensive global financial, systems and operational experience in the food and retail sectors, working with Bestfoods, Pepsico and Royal Dutch Ahold. He has also worked with a number of start-ups with a focus on establishment of financial systems and reporting, internal control and operations. Mr. Kleerebezem has an MBA from the Rotterdam School of Management and a business information science degree from the University of Amsterdam.

The above referenced TSA is effective through December, 2017, and Mr. Yau and the current financial and administrative team will continue to provide continuing services and support Mr. Kleerebezem as a dedicated financial and administrative services group is established. In addition, Mr. Yau will continue to support Organto for an extended period of time following the completion of the transition services agreement in order to support a smooth transition.

"The management team and board of directors would like to thank Mr. Yau and the services team for their many contributions to Organto," commented Mr. Maas. "They have and will continue to play a key role as we enter an exciting time in Organto's history. We also appreciate Mr. Yau's willingness to support Organto for an extended period of time as the stand-alone service group is established."

About Organto Foods Inc.

Organto is a vertically integrated provider of year-round value-added branded organic produce serving a growing socially responsible and health conscious consumer around the globe. Organto employs a business model that is integrated from the table to the field. Driven by consumer demand for healthy and organic food products, it operates an integrated business model with extensive logistical, processing and growing capabilities, providing complete traceability from the table back to the field. Operations are currently located in Guatemala, the Netherlands and the United States, as well as secured third party supply from Africa and Peru, with plans to continue to expand year-round supply capabilities via strategic third party growers and processors in Africa, Mexico and other growing regions.

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