Major contract wins
July 28 2010 - 2:01AM
UK Regulatory
TIDMPURE
RNS Number : 0367Q
PureCircle Limited
28 July 2010
PureCircle Limited
("PureCircle or the Company")
MAJOR CONTRACT WINS
PureCircle (LSE:PURE), the world's leading producer and marketer of high purity
stevia products, today announces five major contract wins.
In addition to our existing global supply contracts with PepsiCo Inc, Merisant
and Firmenich that have been announced already, PureCircle has secured global
multi-year contracts with a number of major Food and Beverage companies as
valued clients. Our major contract wins include:
Danone
Unilever
Bimbo Bakeries
Dean Foods
Kerry Ingredients
Beyond these contracts there are a number of other arrangements that are in the
final stages of negotiations with global multinational F&B companies which will
be announced in due course. Over and above the strategic contracts PureCircle
has more than 100 regional and local F&B invoicing customers and this list is
expected to grow substantially in FY 2011.
PureCircle is also working as supplier of choice for a number of major
retailers, including Kroger.
Magomet Malsagov, CEO of PureCircle commented: "We have succesfully diversified
our client base from one exclusive customer to a number of major stratigic
global F&B clients and over 100 regional and local invoicing customers around
the world. Although the decision to go directly to the market has had short term
impact on our sales in the early stages of the development of the industry, we
are absolutely confident that it was the right decision for long term growth of
the company. The breadth and depth of the client base we are developing across
many food and beverage categories reflects our leadership in the fast developing
stevia market. Working closely with our clients and our JV partners globally we
intend to bring good tasting, natural sweetening solutions to all consumers
around the world"
For More Information
+--------------------------+----------------------------+
| PureCircle Limited | |
| (www.purecircle.com) | |
+--------------------------+----------------------------+
| Magomet Malsagov, | +60 1 2388 8049 |
| Managing Director | |
+--------------------------+----------------------------+
| William Mitchell, | +44 7974 005 163 |
| Finance Director | |
+--------------------------+----------------------------+
| | |
+--------------------------+----------------------------+
| Westport Communications | +44 20 7065 2690 |
+--------------------------+----------------------------+
| Alan Frame | alan@westportcomms.com |
+--------------------------+----------------------------+
| Jeanette Bishop | jeanette@westportcomms.com |
+--------------------------+----------------------------+
| | |
+--------------------------+----------------------------+
| RFC Corporate Finance | +61 8 9480 2500 |
| Ltd | |
+--------------------------+----------------------------+
| Stephen Allen | |
+--------------------------+----------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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