Rica Foods, Inc (Amex: RCF) announced yesterday that it has assigned As de Oros to distribute and market the well recognized brand name, “Zaragoza,” the second leading value-added processed products brand name in Costa Rica.
“RCF considers As de Oros the ideal vehicle to distribute and market the recently acquired Zaragoza brand name,” stated Mr. Calixto Chaves, RCF’s Chairman and CEO. “Due to As de Oros’ strategic market position, we expect Zaragoza’s brand awareness to increase dramatically,” Mr. Chaves added.
“This is an exciting time for our Company. We are poised to complete several strategic acquisitions in the coming year that will both broaden our Company’s depth and market breadth. Zaragoza is just one of the many steps that we are taking in our quest for continued success,” Mr. Chaves concluded.
RCF is the parent Company of the largest poultry producers in Costa Rica. RCF’s subsidiaries supply poultry products in Costa Rica to the main international franchises and restaurants in Costa Rica, as well as exports to Central America and the Caribbean.
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward -looking statements involve known and unknown risks, uncertainties or other factors that may cause actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. For more complete information concerning factors that could affect the Company’s results, reference is made to the Company’s registration statements, reports, or other documents filed with the Securities and Exchange Commission.
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