DGAP-News: La Bonita PLC: La Bonita announces signing of 5 year Supplying Contract

ID: 1051541
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(businesspress24) - DGAP-News: La Bonita PLC / Key word(s): Contract/Miscellaneous
La Bonita PLC: La Bonita announces signing of 5 year Supplying

31.10.2011 / 17:30


Corporate Press Release

La Bonita announces signing of 5 year Supplying Contract

Ticker Symbol: 8LB


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

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

About La Bonita PLC:


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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Date: 10/31/2011 - 12:30
Language: English
News-ID 1051541
Character count: 0
Firma: La Bonita PLC
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