Rica Foods, Inc (Amex:RCF) announced today it has reached an Agreement for the acquisition of a 75% common interest in Avicola Core Etuba, Ltda (''Core Etuba''), a Brazilian fully integrated poultry company of Curitiba, Brazil. ''This acquisition represents our most important step this year towards consolidating operations abroad, thus enhancing our product and costumer base. We intend to close this acquisition on April 30, 2001,'' said Mr. Calixto Chaves, Rica Foods' Chairman and Chief Executive Officer.