GreenStar Agricultural Corporation Announces Record Agricultural Product Shipments for 2013
13 Fevereiro 2014 - 12:22PM
Marketwired
GreenStar Agricultural Corporation Announces Record Agricultural
Product Shipments for 2013
TORONTO, ONTARIO--(Marketwired - Feb 13, 2014) - GreenStar
Agricultural Corporation (TSX-VENTURE:GRE) ("GreenStar" or the
"Corporation"), a producer of canned tomato paste, canned peaches,
mandarin oranges and grapes, and a supplier of fresh mandarin
oranges, young bamboo shoots and mature bamboo, is pleased to
announce that it made record shipments of its agricultural products
in 2013. The following is a break down by metric tons, and on a per
unit basis of products shipped in 2013 as compared to 2012 and
2011;
|
Measure |
2013 |
2012 |
2011 |
Fresh Mandarin Oranges |
Tons |
18,842 |
13,002 |
13,076 |
Fresh Spring Bamboo Shoots |
Tons |
15,780 |
8,136 |
8,388 |
Mature Bamboo Trees |
Units |
957,809 |
480,000 |
536,000 |
Volume of canned products shipped in 2013 also increased by 3.2
% from 31,041 metric tons in 2012 to 32,060 metric tons in
2013.
Commenting on the record volume of agricultural product
shipments, Mr. Guan Linayun, GreenStar's Co-Chairman and CEO
stated; "We are pleased with the significantly increased volumes of
agricultural products shipped last year as a result of our lease of
576 additional acres of mandarin orange and bamboo producing lands
at the beginning of 2013. Historically, agricultural products have
provided the highest gross margins across our product lines."
About GreenStar Agricultural Corporation
GreenStar operates two main divisions, agricultural and food
processing. The agricultural division is involved in the
cultivation and harvesting of agricultural products such as fresh
fruit and vegetables, for sale either directly as fresh fruit and
vegetables or canned, and sold overseas and domestically. The food
processing division is primarily involved in the processing of
canned food, which includes canned tomato paste, canned boiled
bamboo shoots, canned oranges, canned peaches and various other
types of fruits and vegetables.
GreenStar has been operating for over 19 years. Through the
application of science and technology in production, quality
control and assurance, and business operations and management,
GreenStar has focused on maintaining product and reputational
excellence with a high standard of food quality. Key assets include
a well established management team, modern production facilities,
and a close partnership with local farmers.
GreenStar Agricultural Corp. is listed on the TSX Venture
Exchange under the symbol "GRE".
For further information on GreenStar please visit our web site
at www.greenstaragricultural.com.
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.
Caution Regarding Forward-Looking Information:
Certain statements in this press release may constitute
''forward looking'' statements which involve known and unknown
risks, uncertainties and other factors which may cause the actual
results, performance or achievements of the Corporation to
be materially different from any future results, performance or
achievements expressed or implied by such forward looking
statements. When used in this press release, such statements may
use such words as ''may'', ''will'', ''expect'', ''believe'',
''plan'' and other similar terminology. These statements reflect
management's current expectations regarding future events and
operating performance and speak only as of the date of this press
release. Forward looking information in this press release includes
managements plan to expand to North America and to become a major
global company in the agricultural and food industry.
These forward looking statements involve a number of risks and
uncertainties. Some of the factors that could cause actual results
to differ materially from those expressed in or underlying such
forward looking statements are the effects of, as well as changes
in: international, national and local business and economic
conditions; political or economic instability in the Corporation's
markets; competition; legislation and governmental regulation; and
accounting policies and practices. The foregoing list of factors is
not exhaustive. Please see the Corporation's annual MD&A dated
April 25, 2013, available on www.sedar.com, for a more detailed
description of the risk factors. The Corporation undertakes no
obligation to update publicly or revise any forward looking
information, whether a result of new information, future results or
otherwise, except as required by law.
GreenStar Agricultural Corporation:Robert Macdonald(416) 849
3858rgam36@gmail.comwww.greenstaragricultural.comInvestor Cubed
Inc.:(647) 258-3311 or (888) 258-3323info@investor3.ca
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