Organto Enters Cooperation with Dutch Agriculture Blockchain Technology Company

Vancouver, B.C. (FSCwire) - Organto Foods Inc. (TSX-V: OGO, OTC: OGOFF) (“Organto”), a leading vertically integrated provider of value-added branded organic vegetables, today announced that it has entered into a cooperation agreement with AppsforAgri (www.appsforagri.com/en), a proven IoT (Internet of Things) and blockchain technology provider for the agriculture sector, based in The Netherlands.  As per the terms of the cooperation agreement, Organto will utilize AppsforAgri’s existing technology within Organto’s vertically integrated sourcing and supply chain operations plus co-develop new applications and IP specific to Organto’s organic foods expertise.

“I am very pleased to announce the beginning of a partnership in blockchain technology with a company with a proven track record in the agriculture sector.” commented Arnoud Maas, Chief Executive Officer of Organto.  “We are excited to start leveraging this state-of-the-art technology in our growing  operations to initially drive improved sourcing and supply chain efficiencies, and to start a partnership to co-develop new and innovative applications using this technology for organic supply chains.”

Initially the technology is planned to be deployed in Organto’s strategic third party growing operations in Guatemala and Peru to monitor numerous field conditions focused on improving yields and crop quality, followed by applications throughout the supply chain. This is expected to allow Organto to track weather and field conditions, as well as improve product traceability and authenticity claims to customers and consumers. Together, Organto and AppsforAgri also expect to jointly develop further applications of the blockchain technology specific to organic supply chain needs.     

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 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 Guatemala, Egypt 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.  

About AppsforAgri

AppsforAgri started from a deep-rooted passion for agriculture and IT. AppsforAgri’s professional team of software-developers, data analysts, agronomists and meteorologists position the company as a unique IT agency.  The company creates software solutions for international companies like Bayer Cropscience, Syngenta, Friesland Campina, Nutreco and many other players in the agricultural sector. In addition, AppsforAgri work closely with knowledge institutions like Wageningen University & Research and HAS Den Bosch.  With the SmartFarm brand AppsforAgri delivers complete solutions in the field of precision farming ranging from sensors to management-information to aid farmers in improving yields and efficiencies and building a sustainable and transparent supply chain.

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; Organto’s vertically integrated year-round supply capabilities; the expected benefits of utilizing IoT and blockchain technology; the potential to co-develop further applications of IoT and blockchain technology specific to Organto’s business; management’s beliefs, assumptions and expectations; and general business and economic conditions. 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; anticipated market demand; 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.

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