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International Food Products
Group Inc.: Growing Sales Illustrates A Growing Market for
Organic Foods by Glenn
Wilkins - AllPennyStocks.com News Reporter
June 27,2006 (AllPennyStocks.com Media, Inc.) - The
International Trade Centre pegs the market for organic food as
big and, well. growing! Sales figures for 2001 were estimated
around $19 billion (all figures henceforth in U.S. dollars
unless specified otherwise), with projections as high as $31
billion when they all come in for 2005. Therefore, companies
who position their products properly and get them to market
most effectively in the years to come will be the ones that
profit handsomely.
Coming out of California - the land of plenty - is
International Food Products Group
(OTCBB:IFDG), an outfit still cresting its learning curve,
but already forging key links with major distributors to
market select, high-volume food products to retail, specialty
and club stores across the U.S. Well established in the
marketplace, the Company has successfully introduced its
Golden Choice Foods Colombian Supremo Whole Bean Coffee to
selected Sam's Club stores from coast to coast.
International Food also carries frozen fruits and
vegetables, as well as a line of snacks, called G.O.T. Fries
and AH SHUCKS and Just Popped popcorn. The Company was
incorporated in 2000, with executive offices in Newport Beach.
The Company scored something of a major coup this past
spring with the announcement of a licensing agreement with the
Colombian Coffee Federation, authorizing the use of the Juan
Valdez® logo on its Golden Choice Foods® 100% Colombian
Supremo Whole Beans. The news represented a major marketing
opportunity for the Company whose coffee is sold in stores
nationwide, particularly stimulating given that Americans
drink more than 300 million cups of coffee daily - of which
75% are home brewed.
The news represented a major marketing opportunity for the
Company whose coffee is sold in stores nationwide.
International is likely hoping for the same magnitude of
recognition for products such as Golden Choice Organic
Harvest(tm) and Supreme Harvest(tm) lines of frozen fruits and
vegetables, and its 100% Fresh Squeezed Pure Fruit Juices.
Another recent development involved a sales and marketing
agreement in March with Silverado Corporation, a Japanese
direct response marketing company, under which the latter
agreed to buy $5 million worth of Golden Choice products over
the next year. All signs from California point to this
relationship being one lasting well beyond New Year 2007.
In May, Mass Marketing Services of San Diego was brought on
as the exclusive Costco sales agent for the Golden Choice
Foods® Organic Harvest and Golden Choice Foods® Supreme
Harvest juices.
June brought the news that Southern California-based
Bloomfield Bakery had agreed to manufacture an exclusive,
cookies, crackers and fruit bars under the Golden Choice name.
Bloomfield has been in business since the late 1950s and
produced annual revenues in excess of $200 million.
Further reasons for optimism stem from the changes
International Food has made at the top of its leadership
ladder. In February, Ketan Mehta was named president of the
company. Mehta has spent his career in corporate development,
international business, finance, and technical management with
Kraft Foods, Mars Inc., and Merrill Lynch. In 1995 he
established The Corporate Development Group; a boutique
investment and merchant-banking firm.
International Food being such a young company, speed
remains low with respect to profits, but acceleration high.
The end of calendar 2005 found the Company with total revenues
of $840,000, although operating losses totaled $85,000. Net
income from continuing operations came in around $292,000.
The stock, which trades on the Over-the-Counter board under
the symbol IFDG, has known its share of ups and downs. With
many equity markets in something of a sleepy spell and
fortunately for bargain hunters, this is currently a "down"
period for the share price, which hovers around four cents,
after achieving a 52-week high of 12 cents in the latter part
of July 2005. One-year return still exceeded 18% at last
glance.
As more retail and bulk stores hearken to the amazing
potential of International Food Products Group and decide to
distribute its products, there is also the potential for
prices to rise. Small cap buyers may find themselves in a good
place right now.
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