BEVO AGRO INC. ANNOUNCES THIRD QUARTER RESULTS

LANGLEY, BC, May 18 /CNW/ - Bevo Agro Inc. (TSXV: BVO) is pleased to report sales for the third quarter ending March 31, 2011 were $3,346,268 compared to sales of $3,456,505 during the same quarter last year. Sales for the nine months ending March 31, 2011 were $9,641,370, compared to sales of $10,129,649 the previous year. During the nine months ending March 31, 2010 the Company received $1,101,624 in payments from the Federal Government's AgriStability program. This payment had a positive impact on sales and earnings during 2010 compared to other years.

Total expenses for the third quarter increased by approximately $128,000 over the same quarter last year. Legal fees related to accounts receivable represented $93,000 of the increase and interest costs were approximately $28,000 for the third quarter. Administrative fees and wages and amortization were lower than Q3 last year. For the nine month period total expenses are in line with last year.

Net earnings for the three months ending March 31, 2011 totaled $287,524 compared to $499,209 for the same period last year. The nine month results show a loss of $53,177. The $444,546 net profit of the previous year was impacted by the $1.1 million of payments from the Federal Government's AgriStability program.

Readers are encouraged to view the Company's unaudited financial statements and accompanying MD&A at [ www.sedar.com ].

Financial Summary

3 months ending	Mar. 31 ,2011		Mar. 31 ,2010
Sales	$3,346,268	100%	$3,456,505	100%
Cost of Sales	$1,735,927	52%	$1,653,982	48%
Gross Margin	$1,610,341	48%	$1,802,523	52%

Expenses
Operating & administrative	$348,652	10%	$242,962	7%
Administrative fees, wages & benefits	$265,534	8%	$268,571	8%
Amortization	$367,557	11%	$370,064	11%
Interest expenses	$171,944	5%	$143,555	4%
Provision for bad debts	$34,200	1%	$34,700	1%
Total	$1,187,887	35%	$1,059,852	31%
Earnings (loss) from operations	$422,454	13%	$742,671	21%
Income (Expense)			- $8,552	0%
Earnings before taxes	$422,454	13%	$734,119	21%
Income taxes-current	$0	0%	$0	0%
Income taxes-future	$134,930	4%	$234,910	7%
Net earnings (loss) for period	$287,524	9%	$499,209	14%

9 months ending	Mar. 31 ,2011		Mar. 31 ,2010
Sales	$9,641,370	100%	$10,129,649	100%
Cost of Sales	$6,402,343	66%	$6,210,067	61%
Gross Margin	$3,239,027	34%	$3,919,582	39%

Operating & administrative	$844,299	9%	$767,848	8%
Administrative fees, wages & benefits	$806,939	8%	$854,697	8%
Amortization	$1,082,304	11%	$1,080,701	11%
Interest expenses	$511,789	5%	$437,863	4%
Provision for bad debts	$72,273	1%	$127,496	1%
Total	$3,317,604	34%	$3,268,605	32%
Earnings (loss) from operations	- $78,577	-1%	$650,977	6%
Income (Expense)	$0	0%	$2,759	0%
Earnings before taxes	- $78,577	-1%	$653,736	6%
Income taxes-current	$0	0%	$0	0%
Income taxes-future	-$25,400	0%	$209,190	2%
Net earnings (loss) for period	- $53,177	-1%	$444,546	4%

Bevo Agro's trailing twelve months comparative results are summarized below:

12 months ended	Mar 31 ,2008	Mar 31 ,2009	Mar 31 ,2010	Mar 31 ,2011
Sales	$18,789,620	$17,237,976	$19,938,024	$19,433,694
Gross Margin	$5,879,387	$4,645,388	$6,198,460	$5,095,781
Net earnings (loss) for period	- $636,611	- $543,752	$1,621,739	$557,571
EBITDA	$3,101,752	$1,883,261	$3,704,052	$2,787,441

Bevo Agro is North America's leading supplier of propagated agricultural plants, growing and distributing vegetable, flower, berry and other plant seedlings to North America's growers. Bevo propagates quality seedlings and plants for wholesale vegetable greenhouse growers, field growers and nursery operators from its 34 acre production facility. The Company recently announced plans for a five acre expansion which is estimated to cost $4.2 million.

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

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BEVO AGRO INC. ANNOUNCES THIRD QUARTER RESULTS