Organic Alliance signs produce supply contracts

Organic Alliance Inc (OTCQB: ORGC), a global grower and marketer of fresh, organic, and Fair Trade fruits and vegetables, has confirmed the signing of several supply contracts for the Tommy Atkins and Ataulfo varieties of organic mangos. The company anticipates the contracts to generate aggregate revenues in excess of a million dollars from sales to the US retail marketplace.

These contracts are expected to commence in February 2013 with the harvesting, packing, and shipping of mangos under the Organic Alliance brand and retail packaging, and to continue through May 2013. Similar to previous supply contracts announced by Organic in 2012, these contracts contain options to renew that provide Organic the opportunity to expand acreage provided, diversify the crops, and increase the dollar volume from products grown. In addition to these supply contracts, Organic expects to sign additional contracts for more organic mangos in the months ahead.

“By establishing an organizational structure to directly manage this key produce item for us in southern Mexico, Organic Alliance is making a financial commitment to this region that we anticipate will generate additional growth in 2013,” said Parker Booth, chief executive officer of Organic.

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