SnackHealthy Receives $7.3 Million in Orders for O Organics Branded Milk
February 05 2014 - 10:31AM
Marketwired
SnackHealthy Receives $7.3 Million in Orders for O Organics Branded
Milk
Announces Broad Business Collaboration for the Export of Fluid
Milk to Asia
JUPITER, FL--(Marketwired - Feb 5, 2014) - SnackHealthy, Inc.
(OTCBB: SNAX) announced today the furtherance of its Asian roll out
of organic milk products through its export division, Healthient,
with purchase orders totaling $7.3 million. The O Organic milk
is a Safeway brand and will be sold throughout China through one of
Asia's largest retailers.
Lucerne Foods, a subsidiary of Safeway Inc., one of the world's
largest supermarket chains, will manufacture the O Organics
milk. Founded in 1904, Lucerne operates 32 plants in the U.S.
and Canada. Healthient will be providing procurement,
documentation, consolidation and export support for the specialty
food market in Asia with shipments to commence in May 2014.
Richard Damion, SnackHealthy's CEO commented, "The sales
opportunities in Asia represent both significant revenue and
profits for our company. The introduction of the organic dairy
product line in May 2014 will also include UHT and ESL
milk. These categories are two of the fastest selling fluid
milk products in the China marketplace. Our objective is to
make it a leading organic milk and dairy brand in the region."
New Chinese Consumer Trend
- Imports of fluid milk itself will grow even faster, by 67% to
300,000 tons, spurred by demand for ultra-high temperature (UHT)
treated milk products which "are a new trend in first-tier Chinese
cities."
- Retailers note that lower-priced pasteurized or UHT milk is one
of the fastest selling products in China's marketplace.
- China's growing population of older consumers located in the
first-tier cities tend to prefer to consume skim or low fat milk,
which should continue to support a positive trend for imported UHT
milk products in large urban areas.
"Booming Chinese consumer demand for imported dairy products
represents a significant selling opportunity for SnackHealthy's,
Healthient division and by late spring we should be in grocery
stores in Shanghai, Manila, Beijing, Guangdong and Hong Kong with
this extensive product line," according to Michele Chen, Sterling's
Hong Kong President who submitted the purchase orders and is the
distributor and representative of the O Organics dairy brand in
Asia. "This order and export collaboration signals the start
of an accelerated growth platform for the introduction of O Organic
dairy and perishable products into the Asian market," further added
by Ms. Chen.
About SnackHealthy, Inc.
SnackHealthy, Inc. (SNAX) is a manufacturer and distributor of
organic, natural and healthy food products headquartered in
Jupiter, FL. The Company offers a portfolio of healthy foods
and beverages that are organic, all-natural, low-calorie, and free
from artificial sweeteners; created to satisfy several eating
occasions daily. SnackHealthy is dedicated to offering a broad
array of choices for healthy, convenient and fun nourishment, while
reducing environmental impact. Healthient, a division of
SnackHealthy, is focused on the export of branded organic and
natural food products.
About Sterling Food Solutions, Ltd.
Sterling is a Hong Kong based sales and marketing company
providing Asian retailers the ability to purchase organic and
natural food products direct from manufacturers in North America by
offering procurement, consolidation, documentation, certification,
financing and in store branding services. In an exclusive
collaboration with its partner; SnackHealthy, Inc., Sterling and
its Asian affiliates have access to over 700 distribution points
and approximately 12,000 retail outlets in eight countries that
make up the greater China region.
Disclosure Regarding Forward-Looking Statements This document
contains "forward-looking statements" within the meaning of Section
27A of the Securities Act of 1933, as amended and Section 21E of
the Securities Exchange Act of 1934, as amended. All statements
other than statements of historical fact are "forward-looking
statements" for purposes of federal and state securities laws,
including any projections of earnings, revenue or other financial
items; any statements of the plans, strategies and objectives of
management for future operations; any statements concerning
proposed new services or developments; any statements regarding
future economic conditions or performance; any statements of
belief; and any statements of assumptions underlying any of the
foregoing. Forward-looking statements may include the words "may,"
"will," "estimate," "intend," "continue," "believe," "expect" or
"anticipate" and any other similar words. Although we believe that
the expectations reflected in any of our forward-looking statements
are reasonable, actual results could differ materially from those
projected or assumed in any of our forward-looking statements. Our
future financial condition and results of operations, as well as
any forward-looking statements, are subject to change and to
inherent risks and uncertainties, such as those disclosed or
incorporated by reference in our filings with the Securities and
Exchange Commission.
Company Contact: Richard Damion richard.damion@snackhealthy.com
Investor Contact: William Alverson
bill.alverson@snackhealthy.com
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