Sunora Foods Quarter 1 Financial Results and Market Radio Interview


Follow this company

Companies Mentioned

TSX.V:SNF
06/03/2014 [ACCESSWIRE]

Sunora Foods Quarter 1 Financial Results and Market Radio Interview

CALGARY, ALBERTA / ACCESSWIRE / June 3, 2014 / Sunora Foods Inc. ("Sunora" or the "Corporation") (TSX Venture: SNF) is pleased to announce the Quarter 1 financial results for the period ending March 31, 2014. Financial Results and Management Discussion and Analysis can be viewed at www.sedar.com.

Highlights for this period are as follows:

-Revenue of $2,959,727 for the 3 month period ending March 31, 2014

-Total assets for the period ending March 31, 2014 of $3,739,165

-Net loss of $58,792 or $0.001 per share

-Cash flow from operations of $74,258

-United States sales of $1,636,727

-International sales in the amount of $574,490 which includes regions in South America, Africa, Asia, the Middle East, Eastern Russia, Australia and New Zealand

Sunora continues to recognize additional sales volume to international markets including China. Overseas markets are expected to provide greater long term stability to sales as awareness of healthy food choices continues to grow and the demand from middle class households expands. The Corporation has enhanced its international marketing efforts through additional salespeople in new regions, with increased flexibility and autonomy as trusted relationships are established.

Sunora has recently completed an audio interview with Marketradio.ca, a Canadian based leader in providing investment information for potential and current investors. This interview focuses on Mr. Steve Bank, Chief Executive Officer and Chairman of Sunora Foods Inc. and the current and potential opportunities for Sunora and its portfolio of food oils. To listen to this interview please visit www.marketradio.ca. It is expected the interview will go live on Wednesday June 4, 2014.

About Sunora Foods

Sunora Foods is a Calgary, Alberta based food oil entity trading and supplying canola oil, corn oil, soybean oil, olive oil, and specialty oils in Canada and internationally under the "Sunora", "Sunera" and numerous private label brands.

For further information

Dean Stuart

Investor Relations

T: 403 517 2270

E: dean@boardmarker.net

Steve Bank

Chief Executive Officer and President

T: 403 247 8300

E: steve.bank@sunora.com

Neither the TSX Venture nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Sunora Foods Inc.  

COMMENTS

Leave a comment...
 * 

Your Name
 *