14:00:39 EDT Sun 05 May 2024
Enter Symbol
or Name
USA
CA



Organto Foods Inc (2)
Symbol OGO
Shares Issued 28,562,382
Close 2023-10-02 C$ 0.38
Market Cap C$ 10,853,705
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Organto Foods expands sales into Asia

2023-10-03 10:57 ET - News Release

Mr. Rients van der Wal reports

ORGANTO EXPANDS SALES INTO ASIA

Organto Foods Inc. has successfully expanded its sales into Asia with an international retailer, representing the first substantive sales for Organto outside of its established European markets. The sales are being managed from Organto's commercial platform located in the Netherlands for distribution in the retailer's Chinese operations.

"We are pleased to expand our customer base into Asia, and we are excited by the opportunity to grow in these large and growing markets. Working closely with an international retailer allows us to maximize their market knowledge while leveraging our sourcing and supply capabilities," commented Rients van der Wal, co-chief executive officer of Organto Foods and CEO of Organto Europe BV. "Expanding beyond our current European markets in a thoughtful and responsible manner aligns with our strategy of bringing healthy and nutritious fruits and vegetables to consumers around the world."

Organto is an integrated provider of branded, private-label and distributed organic and non-GMO (genetically modified organism) fruit and vegetable products serving growing global demand for healthy and socially responsible foods. Organto operates a strategic and flexible asset-light business model, sourcing products from five continents, and using its certification, supply chain, marketing and distribution expertise, currently brings products to markets across Europe, and now Asia. Organto markets a number of branded product offerings, including its flagship I AM Organic brand along with non-GMO brands ORO and Awesome Fruits. Organto has realized 16 consecutive quarters of record revenue growth versus the same quarter in the prior year. Organto's long-term growth strategy is to build an ethics-driven one-stop shop in fresh organic and specialty fruit and vegetable products fuelled by a combination of strong internal growth and acquisitions.

About Organto Foods Inc.

Organto is an integrated provider of branded, private-label and distributed organic and non-GMO fruit and vegetable products using a strategic asset-light business model to serve a growing socially responsible and health-conscious consumer around the globe. Organto's business model is rooted in its commitment to sustainable business practices focused on environmental responsibility and a commitment to the communities where it operates, its people and its shareholders.

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