Organto Announces Resignation of Chief Financial Officer Due to Personal Circumstances
Vancouver, B.C. (FSCwire) - Organto Foods Inc. (TSX-V: OGO, OTC: OGOFF)
(“Organto” or “the Company”), a leading vertically integrated provider of value-added branded organic vegetables, today
announced the resignation of Erik Kleerebezem, Chief Financial Officer, effective immediately. Mr. Kleerebezem resigned in
order to spend more time with his family after unexpected personal issues arose over the past number of
weeks.
“It is with much regret that we see Erik leave, and we want to thank him for his contributions during his time with Organto,
and also wish he and his family all the best over the coming period.” commented Arnoud Maas, Chief Executive Officer of
Organto. “We have retained an interim external resource in the Netherlands with solid financial and operating experience in
the foods business and have initiated an international search for a new CFO. We have also retained an experienced financial and
governance resource in North America to support the team and have extended our Management Services Agreement through May, 2018 to
support completion of the 2017 year-end process.”
ON BEHALF OF THE BOARD,
Arnoud Maas
Chief Executive Officer
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) 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, sourcing 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
regions in Africa and Peru, with plans to continue to expand year-round supply capabilities via strategic third-party growers and
processors diverse 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 Organto’s business model and markets; the expectations of the new website being a responsive customer information
platform; the acceleration of commercial efforts as supply expands, the commitment to developing a leading organic vegetable
brand; and the importance of the website in connecting with consumers. 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; consumer demand will
exist for a new organic vegetable brand; cost increases; dependence on suppliers, partners and contractual counter-parties;
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.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/Organto01042018.pdf
Source: Organto Foods Inc. (TSX Venture:OGO, OTC Pink:OGOFF)
To follow Organto Foods Inc. on your favorite social media platform or financial websites, please click on the icons
below.
Maximum News Dissemination by FSCwire. https://www.fscwire.com
Copyright © 2018 FSCwire