B&D Food Corp. (B&D) announces the opening of BDFC Ethiopia Industry PLC (BDFC Ethiopia).
October 27, 2007 (PRLEAP.COM) Lifestyle News
B&D (OTCBB: BDFC.OB), operating in the food and beverage industry, specializes in the trading, roasting and distribution of top quality Arabica coffee and related products.BDFC Ethiopia’s first acquisition, consisting of 5000 hectares (Hectare= 10,000sqm) of farming land, is located in the Djimma region, 250km from the capital and is considered prime land for coffee plantations. Planting is intended to begin in the near future with the harvest of the first commercial load expected to be in two years.
Projected produce:
-Two years from planting= 2,500 tons.
-Three years from planting= 12,500 tons.
As part of B&D’s efforts to develop markets across the world, the company intends to build a roasting facility in Ethiopia that will process the coffee, using local resources, thus providing employment opportunities and new market exposure to the high quality Ethiopian coffee.
B&D Ethiopia came into being in order to capitalize on the unique status of Ethiopian beans in the coffee world. Ethiopia is, according to common belief, the original birth place of coffee and is, to this day, the only country in which coffee still grows wild. Ethiopian coffee beans are known to be among the highest quality of Arabica beans worldwide.
As part of B&D’s vision to become a major player in the world coffee market, the company intends to acquire coffee plantations in exclusive regions worldwide. These efforts are part of B&D’s strategy to control all stages of the coffee production and distribution process, from tree to shelf, thus reducing the costs of bean purchasing and lowering the risks of the future fluctuations in coffee prices.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," ''confident'' and similar statements. Among other things, expectations about the Brazilian coffee and food market and quotations from management in this announcement contain forward-looking statements. Statements that are not historical facts, including statements about B&D Food Corp's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from those contained in any forward- looking statements. Further information regarding these and other risks is included in our annual report on Form 10KSB and other documents filed with the Securities and Exchange Commission. All information provided in this press release is as of September 24, 2007 and B&D Food Corp. undertakes no duty to update such information, except as required under applicable law.
Contacts:
Visit our website: www.bdfcorp.com (updated site coming soon)
B&D Food Corp.
575 Madison Avenue, Ste. 1006
New York, NY 10022-2511
USA
Tel: (646)-6526463
Fax: (212)-4129034
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