26.04.2007 11:30:00
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SunOpta Enters Into Exclusive Supply Agreement for Yumberry
SunOpta Inc. (SunOpta or the Company) (Nasdaq:STKL) (TSX:SOY) today
announced that the SunOpta Fruit Group has entered into an exclusive
supply agreement with Zhejiang Yumberry Juice Co., Ltd. to market
Yumberry juice concentrate initially in the United States and also in
Canada after one year. The agreement excludes certain existing
customers. Yumberry is a native Chinese fruit harvested organically from
one-hundred year old trees in the valleys of Xiangu.
Yum, short for yummy derived from its native name Yang Mei, has been
harvested in China for over 2,000 years for its healthy attributes. This
deep red fruit is high in antioxidants and contains a wide range of
vitamins, including vitamin C, thiamine, riboflavin and carotene.
Yumberry is used in diverse applications ranging from fruit juices to
bakery applications, wines, cocktails and dairy products. Organic
Yumberry juice has a sweet/tart balance that can either stand alone or
be mixed with other juices or flavors. The harvested fruit is carefully
selected, pressed, de-pectinized, filtered, concentrated and pasteurized
before being shipped to North America. The juice is also available in
single strength.
Joseph Stern, Executive Vice President of the SunOpta Fruit Group
commented, "I am happy to announce the
addition of this healthy new fruit to our expanding portfolio of organic
fruit juices. Yumberry is one of those rare "good
for you” healthy fruits that actually tastes
great on its own or can be blended with other juices to add nutritional
value and a unique rich flavor. We expect Yumberry to grow in popularity
much like other high antioxidant fruits, such as acai and pomegranate,
have in recent years.”
Steve Bromley, President and Chief Executive Officer of SunOpta
commented, "The addition of Yumberry to our
continually growing line-up of globally sourced healthy food products
complements our strategy of positioning the SunOpta Fruit Group as a
leading supplier of frozen fruit and fruit ingredient solutions to the
private label, food service and industrial markets.”
About SunOpta Inc.
SunOpta Inc. is an operator of high-growth ethical businesses, focusing
on integrated business models in the natural and organic food,
supplements and health and beauty markets. The Company has three
business units: the SunOpta Food Group, which specializes in sourcing,
processing and distribution of natural and organic food products
integrated from seed through packaged products; the Opta Minerals Group,
a producer, distributor, and recycler of environmentally friendly
industrial materials; and the SunOpta BioProcess Group (soon to become
SunOpta BioProcess Inc.) which engineers and markets proprietary steam
explosion technology systems for the pulp, bio-fuel and food processing
industries. Each of these business units has proprietary products and
services that give it a solid competitive advantage in its sector.
Forward-Looking Statements
Certain statements included in this press release may constitute "forward-looking
statements” within the meaning of the United
States Private Securities Litigation Reform Act of 1995. These
forward-looking statements include, but are not limited to references to
business strategies, competitive strengths, goals, capital expenditure
plans, business and operational growth plans and references to the
future growth of the business. These forward looking statements are
based on certain assumptions and analyses made by the Company in light
of its experience and its interpretation of current conditions,
historical trends and expected future developments as well as other
factors that the Company believes are appropriate in the circumstance.
However, whether actual results and developments will agree with
expectations and predications of the Company is subject to many risks
and uncertainties including, but not limited to; general economic,
business or market risk conditions; competitive actions by other
companies; changes in laws or regulations or policies of local
governments, provinces and states as well as the governments of United
States and Canada, many of which are beyond the control of the Company.
Consequently all forward-looking statements made herein are qualified by
these cautionary statements and there can be no assurance that the
actual results or developments anticipated by the Company will be
realized.
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