Mr. Gabriel Kabazo reports
PLANTIFY FOODS ANNOUNCES CHANGE IN SAVE FOODS' REPRESENTATIVE DIRECTOR
Save Foods Inc.'s (Nasdaq: SVFD) nominee to Plantify Foods Inc.'s board of directors, David Shrem, has resigned for personal reasons.
Save Foods has not determined who will fill the vacant director position on Plantify's board.
Plantify Foods and Save Foods completed a securities exchange last month whereby each acquired 19.99 per cent
of the issued and outstanding capital stock of the other party immediately prior to the closing on a non-diluted basis. See Plantify Foods' news release from
April 5, 2023, for further information.
About Plantify Foods Inc.
Plantify, through its wholly owned Israeli subsidiary, is active in the food tech sector, focused on the development and production of clean-label plant-based products. Plantify's unique technology allows for the production of plant-based meat alternatives, dips and snacks, with natural ingredients familiar to consumers that are free of preservatives, free of common food allergens, are GMO-free (genetically modified organisms) and enjoy the same or longer shelf life than most preservative-containing products of the same category. Plantify is also engaged in developing functional foods with health benefits supported by independent testing that it anticipates will enable it to make health claims under U.S. Food and Drug Administration and Canadian Food Inspection Agency regulations. Plantify currently sells its products in Israel, Europe and North America.
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