VANCOUVER, British Columbia
March 17, 2011
/PRNewswire/ -- Urban Barns Foods Inc. (URBF.OB) ("Company" or "
"), an authority on sustainable development of fresh fruits and vegetables is in talks with Profound GT LLC, a specialist in market entry consultation for the
, specifically for the Gulf region.
Speaking from their UAE headquarters in
, Chief Executive Officer of Profound Management Consultants, stated that "We are happy to be involved in representing
with their market entry strategy into the
focusing on the Gulf Cooperation Countries (GCC). In the coming weeks and months we will be carefully looking at the introduction process of details on this ground breaking technology that
have acquired and ways of implementing the barns commercially in the GCC market. It has always been a strategic objective to safeguard and secure healthy fresh food for the region in an environmentally friendly way. We hope to make major announcements in Q2 of this year in this regard. The relationship with
has been a long and interesting adventure, which is now starting to bear fruit. The GCC in particular has welcomed the work
has been involved in and is now ready to look into strategic investing partners."
The Profound team brings to the table a strong profile of successful consultancy experience. Clients that can be mentioned include Al Hamrani Group in KSA, MEGA Holding and its subsidiaries in
, Trace Design Consultants and Park Central Corporation in the UAE, Retaj Real Estate Company in
, International Railway Company and Machine Vending International to name a few. The Profound team has also worked extensively with Chambers of Commerce and Industry in the region and certain municipal authorities.
About Urban Barns Foods Inc.:
uses proprietary equipment to produce affordable fruits and vegetables in a secure and controlled indoor environment. By setting up subsidiary facilities and growing locally,
can focus on supplying any community, irrespective of the regional climate, effectively reducing shipping times and related spoilage costs.
has the unique ability to scale and cater to the demands of all major communities. Our commitment to our consumers is reflected through our motto, "Purely Fresh, Naturally Tasty, and Completely Healthy."
and Urbanbarnsfoods.com are registered trademarks and the copyright of
. All other company and product names mentioned are used only for identification purposes and may be trademarks or registered trademarks of their respective companies.
Except for historical information contained herein, the matters set forth above may be forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ from those in the forward-looking statements. Words such as "anticipate", "believe", "estimate", "expect", "intend" and similar expressions, as they relate to
or its management, identify forward-looking statements. Such forward-looking statements are based on the current beliefs of management, as well as assumptions made by and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors such as the level of business and consumer spending, the amount of sales of
' products, the competitive environment within the industry, the ability of
to continue to expand its operations, the level of costs incurred in connection with
' expansion efforts, economic conditions in the industry and the financial strength of
' customers and suppliers.
does not undertake any obligation to update such forward-looking statements. Investors are also directed to consider all other risks and uncertainties.
SOURCE Urban Barns Foods Inc.