FACT Re-Opens Discussion with Mexican Brokers, Distributors and Customers for New Channels of Product Distribution
March 15 2012 - 11:30AM
Business Wire
FACT Corporation (OTCQB: FCTOA) (“FACT”, “the
Company”), a company focused on supporting healthier lifestyles
with a multifaceted line of bakery and nutraceutical products
announced today that it has re-opened discussions with Mexican
brokers, distributors and customers for new and increased product
distribution.
Jacqueline Danforth, CEO, said, "We are very excited to once
again be able to pursue opportunities for new and increased
business in the Mexican consumer market. With subsidiary FACT
Products recently having shipped their first orders to new
customers for private label nutraceutical products in Mexico, it’s
a natural progression for FACT to pursue the consumer markets
through distributor, broker and private label bakery operations. Of
particular interest to us is the market opportunity we see for our
new ready to eat line of bakery goods that have been specifically
designed to support healthier lifestyles and better snack
choices."
Ms. Danforth went on to say, “The Mexican consumer population
has long been a priority target for FACT’s baked goods business due
to the alarming increase in the instances of both obesity and
diabetes in Mexico. I firmly believe our ready to eat baked goods
can offer the Mexican consumer better choices to help combat the
sugar-rich, high-fat snacking options we see in the marketplace
today.”
According to a CNN Senior Latin American Affairs Editor in an
article originally published on January 4, 2011, the Organization
for Economic Cooperation and Development published statistics
indicating 69.5% of the Mexican population aged 15 and older is
overweight or obese, believed to be the highest rate in the world.
Further, according to Mexico's Institute for Public Health,
diabetes, of which obesity is a contributing factor, has become the
No. 1 cause of death in Mexico.
FACT Corporation is organizing a series of meetings in April to
present its product line, as well as certain private label baked
goods opportunities to various brokers, distributors and
manufacturers in Mexico City.
About FACT Corporation
Fact Corporation, through its two wholly owned operating
subsidiary companies, Food and Culinary Technology Group Inc. (FACT
Group) and Fact Products Inc., has successfully developed and
launched a multi-faceted line of products that support a healthy
lifestyle under its Nutrition First™ brand. Since 2002, the Company
has generated over $13 Million in gross sales, and continues to
develop products with the goal of improving the lives of consumers
globally. Targeting the rapidly growing market of consumers looking
for products to improve their overall health or with a health
condition that could be substantially improved by a change in diet,
FACT combines high standards of production, quality ingredients and
the proven benefits of high fiber to serve today’s consumer. Our
corporate mission: Better Choices, Better Living, Real Results!
For more information about FACT, its subsidiaries and products
please visit www.factfoods.com. Detailed information on our
Nutrition FirstTM product line is available at
www.nutritionfirst.com.
FORWARD-LOOKING STATEMENTS
The statements contained herein regarding the intent, belief and
current expectations of FACT Corporation are forward-looking
statements that reflect numerous assumptions, risks and
uncertainties, any of which may cause our actual future results to
differ materially from those indicated in these statements, and are
made pursuant to the Safe Harbor provisions of the Private
Securities Litigation Reform Act of 1995. While the company
believes that the assumptions underlying such forward-looking
information are reasonable, any of the assumptions could prove
inaccurate and, therefore, there can be no assurance that any of
our forward-looking information will prove to be accurate.
Accordingly, there may be differences between the actual results
and the predicted results, and actual results may be materially
higher or lower than those indicated in the forward-looking
statements contained herein.