Organto Foods Inc. Appoints Erik Kleerebezem as Chief Financial Officer

Vancouver, British Columbia (FSCwire) - Organto Foods Inc. (OGO: TSX-V, OGOFF: OTC) (“Organto”) is pleased to announce the appointment of Mr. Erik Kleerebezem to the position of Chief Financial Officer (“CFO”), effective immediately.  Mr. Kleerebezem will replace Mr. Andrew Yau whose services as CFO have been provided under a Transition Services Agreement (“TSA”) with a related party.

“The appointment of Erik as Chief Financial Officer fully aligns with our strategic plan and the needs of our business as we position for continued expansion and scaling of commercial operations in the coming quarters,” commented Arnoud Maas, CEO of Organto.  “Erik will play a key leadership role as we transition financial and accounting services provided by a related party, to a stand-alone financial and accounting group dedicated entirely to Organto.”

Mr. Kleerebezem is a Dutch National with extensive global financial, systems and operational experience in the food and retail sectors, working with Bestfoods, Pepsico and Royal Dutch Ahold. He has also worked with a number of start-ups with a focus on establishment of financial systems and reporting, internal control and operations.  Mr.  Kleerebezem has an MBA from the Rotterdam School of Management and a Business Information Science Degree from the University of Amsterdam. 

The above referenced TSA is effective through December 2017, and Mr. Yau and the current financial and administrative team will continue to provide ongoing services and support Mr. Kleerebezem as a dedicated financial and administrative services group is established.  In addition, Mr. Yau will continue to support Organto for an extended period of time following the completion of the Transition Services Agreement in order to support a smooth transition. 

“The management team and Board of Directors would like to thank Mr. Yau and the services team for their many contributions to Organto,” commented Mr. Maas. “They have and will continue to play a key role as we enter an exciting time in Organto’s history.  We also appreciate Mr. Yau’s willingness to support Organto for an extended period of time as the stand-alone service group is established.”

ON BEHALF OF THE BOARD,

Arnoud Maas

CEO

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this news release.

For more information contact:

Investor Relations

604-634-0970

1-888-818-1364

info@organto.com

About Organto

Organto is a vertically integrated provider of year-round value-added branded organic produce serving a growing socially responsible and health conscious consumer around the globe. Organto employs a business model that is integrated from the “table to the field”.  Driven by consumer demand for healthy and organic food products, it operates an integrated business model with extensive logistical, processing and growing capabilities, providing complete traceability from the table back to the field. Operations are currently located in Guatemala, The Netherlands and the USA, as well as secured third-party supply from Africa and Peru, with plans to continue to expand year-round supply capabilities via strategic third-party growers and processors in Africa, Mexico and other growing regions. Organto’s business model is rooted in its commitment to sustainable business practices focused on environmental responsibility and a commitment to the communities where it operates, its people and its shareholders.  

Forward Looking Statements

This news release may include certain forward-looking information and statements, as defined by law including without limitation Canadian securities laws and the “safe harbor” provisions of the US Private Securities Litigation Reform Act of 1995 (“forward-looking statements”). In particular, and without limitation this news release contains forward-looking statements respecting the alignment of the appointment of Mr. Kleerebezem with Organto’s strategic plan and business needs; the expected rapid expansion and scaling of the Organto business in the coming quarters; and the transition to a stand-alone financial and accounting group.  Forward-looking statements are based on a number of assumptions that may prove to be incorrect, including without limitation assumptions about the following: the ability and time frame within which Organto’s business model will be implemented and product supply will be increased; cost increases; dependence on suppliers, partners and contractual counter-parties; the time it will take to establish a stand-alone financial and accounting group; changes in the business or prospects of Organto; unforeseen circumstances; risks associated with the organic produce business generally, including inclement weather, unfavourable growing conditions, low crop yields, variations in crop quality, spoilage, import and export laws and similar risks; transportation costs and risks; general business and economic conditions; and ongoing relations with distributors, customers, employees, suppliers, consultants, contractors, partners and joint venturers. The foregoing list is not exhaustive and Organto undertakes no obligation to update any of the foregoing except as required by law.

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