SALINAS, CA--(Marketwire - Jun 26, 2012) - Organic Alliance, Inc. (OTCQB: ORGC), a company that sources, markets and distributes primarily organic foods internationally, today announced that it is current in its filings with the U.S. Securities and Exchange Commission, and its common stock has been upgraded to trade on the OTC Markets' OTCQB Market Tier.
These latest filings include its audited December 31, 2011 and 2010 annual reports on Forms 10-K, its three 2011 quarterly reports on Forms 10-Q, along with its third quarter 2010 quarterly report, as well as its quarterly report for the three months ended March 31, 2012.
The current financial reporting is but one component of a Company restructuring, which was implemented over the past two years, to enable Organic Alliance to capitalize on its considerable industry expertise and relationships, and to build market share in this increasingly vital and fast growing sector of the global food marketplace.
Industry analysts report that globally, sales of organic products have grown rapidly since 2000, with food products driving the market. In particular, the United States has seen sales of organic foods grow from $6.1 billion in 2000 to $29.2 billion in 2011, up 9.4% from 2010. Registering a third straight year of double-digit gains, sales of organic fruits and vegetables rose 11.7% in 2011 to $11.8 billion.
Going forward, the Company will continue to update its shareholders on its progress on a regular basis.
About Organic Alliance
Organic Alliance, Inc. is a sales and marketing distribution company that supplies conventional, organic, natural, and Fair Trade food products to the global market. Unlike most food marketers, the Company works directly with growers while also contracting farming production domestically and abroad to vertically integrate supply chains, reduce costs and provide a high degree of control over quality, food safety and production sustainability. For more info, visit: www.organicallianceinc.com.
Safe Harbor Statement
Under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. All statements which address actual results could differ materially from those expressed or implied in forward-looking statements. These statements are made on the basis of management's views and assumptions. As a result, there can be no assurance that management's expectations will necessarily come to pass. These forward-looking statements generally can be identified by phrases such as management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements in this release that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statement for events or circumstances after the date on which such statement is made except as required by law.