La Bonita PLC
La Bonita PLC: La Bonita announces signing of 5 year Supplying Contract
La Bonita PLC / Key word(s): Contract/Miscellaneous 31.10.2011 / 17:30 --------------------------------------------------------------------- Corporate Press Release La Bonita announces signing of 5 year Supplying Contract Ticker Symbol: 8LB WKN: A1JDDE Mexico City, 31th October 2011 La Bonita PLC, (Frankfurt Stock Exchange Symbol: 8LB) announced today that La Bonita Inc. 100% Subsidiary of La Bonita PLC has signed a 5 year and 6 months 'Season' Supplying Contract starting with first Production Circle on January 1st 2012 and ending on June 30th 2017 with Canadian Industries Mastronardi Produce Ltd., pioneer and industry leader in the US and Canadian gourmet greenhouse industry known for its Sunset and Delano Brands. Home Page: http://www.sunsetproduce.com/ We are very confident that this mayor step will ensure the company objectives to be accomplished over the next 66 months. The signed contract represent a commercial value of around US$ 100 MM Dollars (one hundred million USD) or circa 71 Million EUR (seventy one millions of Euros) for the whole period, calculated at average past historic prices and one single variety and quality of high quality Greenhouse Tomatoes in our Produce Facilities in Mexico, stated Mr. Jose Shrem, CEO of la Bonita PLC. This Contract will ensure the company product placement and increasing of Market Value as well as positive Balance and Cash Flow for the following 5 years and 6 months and is a very significant strategically commercial alliance with one of the most recognized distributors of High Quality Gourmet Greenhouse Fresh Products in the US and Canada, concluded Mr. Jose Shrem. About La Bonita PLC: info@labonitaplc.com www.labonitaplc.com La Bonita PLC is a publicity traded Holding Corporation on the Frankfurt Stock Exchange, Open Market, Ticker Symbol: 8LB with 2 entities, La Bonita INC and Invernaderos Hidroponicos La Bonita S de RL de CV (IH La Bonita). La Bonita INC is acting as exclusive distributor, as most of final production will be delivered and sold within the US and Canadian Market. IH La Bonita represent the production facility located in Mexico producing fresh high quality Tomatoes in high-tech Greenhouses using Hydroponics Technology a method of growing plants using mineral nutrient solutions, in water, without soil. About Mastronardi Produce Ltd/Sunset Produce SUNSET(R) Produce is a pioneer and industry leader in the gourmet greenhouse industry that grows & markets nationally recognized brands such as the Campari(R) Tomato, Splendido(TM) Grape Tomatoes, Kumato(TM), and Champagne Cocktail Tomatoes(TM) under its SUNSET(R) label. Family owned & employee managed for more than 50 years. Mastronardi prides itself in producing consistently flavorful gourmet tomatoes, peppers and cucumbers. Safe Harbor Statement; The statements contained herein are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward- looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time. End of Corporate News --------------------------------------------------------------------- 31.10.2011 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 144182 31.10.2011
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