Alliance One Announces Processing Agreement With JTI In Brazil
MORRISVILLE, N.C., Dec. 20, 2010 /PRNewswire-FirstCall/ -- Alliance One International, Inc. (NYSE: AOI) today announced that its Brazilian subsidiary, Alliance One Brasil Exportadora de Tabacos Ltda. ("AOB"), has entered into a multi-year agreement with JTI Processadora de Tabaco do Brasil Ltda. ("JTIB"), a company of the JT International group of companies, to process tobacco for JTIB at AOB's new, state-of-the-art facility in Ararangua, Santa Catarina, Brazil. The commercial and strategic partnership reflected by the new processing agreement is in line with Alliance One's continuing initiatives to capitalize on growth opportunities and strengthen global relationships with its customers, and is anticipated to contribute to operational synergies at the Ararangua facility.
This press release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations of future events. Such statements include, but are not limited to, statements about future financial and operating results, plans, objectives, expectations and intentions and other statements that are not historical facts. Such statements are based on the current beliefs and expectations of management and are subject to significant risks and uncertainties. If underlying assumptions prove inaccurate or unknown risks or uncertainties materialize, actual results may differ materially from current expectations and projections. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: changes in the timing of anticipated shipments, changes in anticipated geographic product sourcing, political instability in sourcing locations, currency and interest rate fluctuations, shifts in the global supply and demand position for tobacco products, and the impact of regulation and litigation on customers. Additional factors that could cause AOI's results to differ materially from those described in forward-looking statements can be found in AOI's Annual Reports on Form 10-K and other filings with the Securities and Exchange Commission (the "SEC") which are available at the SEC's Internet site ( http://www.sec.gov).
SOURCE Alliance One International, Inc.
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