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Organic Alliance, Inc. Announces Injection of Capital by Management

^{Published on 2009-12-21 09:05:12 - Market Wire}
 

SALINAS, Calif.--([ BUSINESS WIRE ])--In addition to its current financial bank lending program, Organic Alliance, Inc. (Pink Sheets: [ ORGC ]) has announced an infusion of more than $600,000 in capital from several of its board members. Parker Booth, president and CEO said the short term loans will give the company, an emerging provider of best quality, fair trade certified-organic and conventional fresh foods in the global marketplace, the financial flexibility to focus on growing its sales.

"The marketplace reception for our offering has been overwhelmingly positive and this will allow us to maintain critical momentum."

As detailed in an 8-K filed with the SEC on December 16^th, a loan totaling $431,500 was received by the company from the company's President and CEO Parker Booth. This note will mature in December 31^st of 2010. Additional loans were made by two of the company's directors; Michael Rosenthal in the amount of $130,000 maturing on June 30, 2010 and Dr. Corey Ruth on the amount of $50,000 maturing on June 30, 2010. The loans will be used for working capital purposes.

"Added to the solid bank line supporting our business, these loans should provide the liquidity we need to continue to increase operating efficiencies at an important point in our company's development," said Parker Booth, President and CEO. "The marketplace reception for our offering has been overwhelmingly positive and this will allow us to maintain critical momentum."

Organic Alliance has gone from zero revenue to a current running rate of over $1M in monthly sales revenue in just five months its short history of operation. Meanwhile the strength of the company's international alliance expert growers, packers and shippers has helped advance the organization's commitment to establishing a stable, year-round supply of organic and fair trade fresh foods. Booth attributes the company's growth and profitability to a strong operating team that has created new business strategies and a strong foundation for continuing success.

About Organic Alliance

Organic Alliance, Inc. brings together a unique alliance of respected growers, packers and shippers from around the world in order to source, market and distribute best-quality certified-organic and conventional food products that are fairly traded and fairly priced. Crops are grown, packed and shipped under Organic Alliance supervision using advanced quality, food safety and sustainable agriculture practices. The company's Approved Origins™ Program delivers not only on-demand traceability but transparency in all business-critical practices, including leading-edge processes, continuous improvement and workforce fairness. To find out more about Organic Alliance products, contact the company at 831-240-0295 or visit [ www.organicallianceinc.com ].

'Safe Harbor' Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. All statements which address actual results could differ materially from those expressed or implied in forward-looking statements. These statements are made on the basis of management's views and assumptions. As a result, there can be no assurance that management's expectations will necessarily come to pass. These forward-looking statements generally can be identified by phrases such as management 'believes,' 'expects,' 'anticipates,' 'foresees,' 'forecasts,' 'estimates' or other words or phrases of similar import. Similarly, statements in this release that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.