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VANCOUVER, BRITISH COLUMBIA / TheNewswire / November 25, 2015 - Naturally Splendid Enterprises Ltd. (the Company) (FRANKFURT:50N) (TSX VENTURE:NSP) (OTC:NSPDF) is pleased to announce a Letter of Intent (LOI) has been executed with Korean based distributor, Agrio Co., Ltd. ("Agrio") to market the 100% owned NATERA(R) hemp food retail line and the 100% owned PawsitiveFX(TM) pet care line throughout South Korea.
Agrio is dedicated to importing high quality products through long-term relationships with overseas partners. Agrio has successfully signed multiple exclusive supplier contracts in China, Russia, Thailand and Canada. Agrio produces and distributes organic feeds and is currently expanding their field of business, including high quality hemp products from North America.
Additionally, Agrio is a leading corporation in the field of farm management and supporting service in South Korea. Agrio is involved with various aspects of farm management systems including raw-material production, distribution, e-commerce, marketing and consultation.
NATERA(R) (www.nateralife.com) is the Company's retail hemp food line that consists of a variety of naturally flavoured hemp seeds and proteins produced from 100% Canadian grown and processed hemp. The Company has three (3) flavours of hemp seed and four (4) flavours of hemp protein. The products are all natural and GMO free.
Pawsitive FXTM (www.pawsitivefx.com) is the Company's retail line of all natural balms for dogs. Current product offering includes Happy PawsTM, Strong PawsTM and Happy SnoutsTM. Additionally, Naturally Splendid is in the process of developing a HempOmega(TM) infused line of dog food and treats. Testing on the manufacturing process was a success and the Company will be embarking on a canine trial to determine the efficacy when fed to dogs. Upon completion of the canine trial, the Company expects to add an omega dense line of dog food to its retail offering.
Applications for plant-based bioactive ingredients include functional foods and beverages, personal care, pet products, and livestock feed. Research and Market reports that bio-active ingredients are projected to increase by a growth rate of 7.2% by 2018 to reach $33.6 billion. Data suggests that the Asia-Pacific region is a significant market due to factors such as increasing population, urbanization and disposable income.
In a custom report compiled by Euromonitor International for the British Columbia Ministry of Agriculture in March of 2014 they reported, "As seniors become a larger segment of the population, the South Korean government is increasingly concerned about keeping them fit and in good health. Government campaigns promoting healthy living and eating have led to increased consumption of healthy food items especially fresh food and healthy packaged food subcategories such as granola/muesli bars and soy milk products. The same healthy categories are also benefiting from growing attention to South Korea's rising obesity rate."
Naturally Splendid VP of Operations Bryan Carson summarizes, "This is further evidence that the same healthy diet trends that are prevalent in North America, exist across a wide geographical and ethnic band width."
About Naturally Splendid Enterprises Ltd.
Naturally Splendid is a multifaceted biotechnology company that is developing, producing, commercializing, and licensing an entirely new generation of plant-derived, bioactive ingredients, nutrient-dense foods, and related products. Naturally Splendid is building an expanding portfolio of patents (issued and pending) and proprietary intellectual property focused on the commercial uses of industrial hemp and non-psychoactive cannabinoid compounds in a broad spectrum of applications.
Naturally Splendid currently has four innovative divisions: (1) Natera(R) brand of retail hemp superfood products currently distributed throughout North America; (2) PawsitiveFX(R) brand of pet care products; (3) BCI Division of plant-derived bulk ingredients including patent-pending HempOmega(R); and (4) hemp-based cannabinoid nutraceuticals. The Company's advanced technologies, industry expertise, and strategic partners allow for the creation of customized solutions with a consistent focus on quality and sustainability.
For more information please e-mail info@naturallysplendid.com or call 604-673-9573
On Behalf of the Board of Directors
J. Craig Goodwin
CEO, Director
Contact Information
Naturally Splendid Enterprises Ltd.
(NSP - TSX Venture; NSPDF - OTCQB; 50N Frankfurt)
2435 Beta Avenue
Burnaby, BC, V5C 5N1
Phone: (604) 570-0902
Fax: (604) 570-0934
E-mail: info@naturallysplendid.com
Website: www.naturallysplendid.com
Forward-Looking Statements
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Naturally Splendid cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Naturally Splendid's control. There is no guarantee that the Company's plans will be found to be commercially viable, POS will be successful in developing new plant based omega products; the costs to develop these products will not be higher than anticipated; the Company's ability to compete with large food and beverage companies; sales of any potential products developed will be profitable; and the risk that any of the potential applications may not receive all required regulatory or legal approval. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, Naturally Splendid undertakes no obligation to publicly update or revise forward-looking information.
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