Stake Technology's Sunrich Valley Signs Exclusive Distribution Agreement With Natrel
TORONTO--Oct. 1, 2002--Stake Technology Ltd.
(Stake) (Nasdaq:STKL) (TSX:SOY) today announced that its' Sunrich
Valley, organic dairy products division, has signed a distribution
agreement with Natrel, a division of Agropur cooperative. Under the
agreement, Natrel acquires certain exclusive rights for the
distribution of Sunrich Valley certified organic dairy products in
Ontario and Quebec.
Sunrich Valley is a division of Stake Technology Ltd. Sunrich
Valley was launched in March 2002 and markets a full range of
certified organic dairy products under the brand name mu(TM).
Natrel, a leading Canadian producer and supplier of fresh milk,
cream, butter, cottage cheese, sour cream and other fine dairy
products, has a network of 83 distribution centers and serves over
30,000 outlets. Natrel is a division of Agropur, a Canadian dairy
cooperative, whose head office is located in Granby, Quebec.
Mr. Richard Graham, President of Sunrich Valley, commented that
"Natrel's extensive distribution network will make our high quality mu
brand organic milk, cream and other dairy products available to a much
wider consumer base and should lead to a substantial increase in our
market share. Natrel is a leader in the Canadian dairy sector and has
made innovation its trademark."
Stake Technology Ltd. is an owner/operator of high-growth ethical
businesses, focused on environmental responsibility and the health and
well being of its communities. For the last four consecutive years,
Stake was included in Profit magazine's `Profit 100' list of the 100
fastest growing companies in Canada. Currently, the company has three
business units: the Food Group, which specializes in
identity-preserved (IP) grain products and natural and organic
foodproducts; from seed to packaged product; the Environmental
Industrial Group; a producer, distributor, and recycler of industrial
materials; and the Steam Explosion Technology Group who market clean
pulping technologies. Each of these business units has proprietary
products and services that give it a solid competitive advantage in
its sector.
Websites: www.staketech.com www.sunrich.com www.bei.ca
www.steamexplosion.com www.sunrichvalley.com
Note: |
This news release may contain forward-looking information. |
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Actual future results may differ materially. The risks, uncertainties, |
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and other factors that could influence actual results are described in |
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the Company's Annual Report to shareholders and in SEC reports. |
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CONTACT: |
Stake Technology Ltd. |
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Jeremy N. Kendall |
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John D. Taylor |
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Susan Wiekenkamp |
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Tel: 905/455-1990 |
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info@staketech.com |
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or |
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The Equity Group Inc. |
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Investor Relations Counsel |
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Linda Latman, 212/836-9609 |
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llatman@equityny.com |
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www.theequitygroup.com |
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