VANCOUVER, British Columbia, Dec. 1, 2011 /PRNewswire/ -- Urban Barns Foods Inc. (URBF.QB) ("Company" or "Urban Barns"), a leading authority on sustainable development of fresh vegetables announced today that their Securities lawyer traveled to Dubai, UAE, and on Wednesday met with the Urban Barns regional representative, Profound Management GT. Discussions involved new regional opportunities in the Middle East being spearheaded by Talal Thabet, CEO of Profound Management GT.
Dan Meikleham, chairman of Urban Barns, indicates, "Our partners and regional representatives, Profound Management, confirmed with our legal counsel Urban Barns' innovative agricultural growth technology has been introduced to certain strategic partners in much of the Gulf Cooperation Council (GCC) region and, has been well received."
"Discussions focused on ensuring that the next steps to be taken are to finalize the structuring of a volume share purchase," stated Mr. Thabet and that Profound's role is, "Structuring the volume share purchase is essential before we commence discussions with our pool of trusted investors, as it is the basis of our dialogue. We know that the time is right to reveal our technology."
About Profound Management GT LLC.Profound GT LLC, is a specialist in market entry consultation for the Middle East, specifically for the Gulf region. The Profound team brings to the table a strong profile of successful consultancy experience. Clients that can be mentioned include MEGA Holding and its subsidiaries in Bahrain, Trace Design Consultants and Park Central Corporation in the UAE, Retaj Real Estate Company in Qatar, 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. Urban Barns uses patent pending and proprietary equipment to produce affordable vegetables in a secure and controlled indoor environment. By setting up subsidiary facilities and growing locally, Urban Barns can focus on supplying any community, irrespective of the regional climate, effectively reducing shipping times and related spoilage costs. Urban Barns 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". Urban Barns and Urbanbarnsfoods.com and Cubic Farming are registered trademarks and the copyright of Urban Barns Foods Inc. All other company and product names mentioned are used only for identification purposes and may be trademarks or registered trademarks of their respective companies.
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