$FOD - FOOD REVOLUTION GROUP - Running on China delivery

Looking for it to punch through 20 cents and use it for support on the news.

FOD executes first juice supply contract to China

Highlights:

- FOD secures contract with JJ Global Fine Foods to supply its CIQ-approved Fruit Farm orange juice products through mainland China

- Given the high demand for Australian juice products in China, FOD will also supply its Fruit Farm apple juice as requested by JJ Global – CIQ for this product has been lodged and is expected within 10 days

- JJ Global works with the high-end hotel chains in China including the Marriott Group (300 hotels in China), Accor (160+ hotels in China), Peninsula, Mandarin Oriental, Hyatt,Shangri La and all major supermarkets, China Resources Vanguard, RT-Mart, ChinaWalmart, Lianhua and Carrefour

- Additionally, JJ Global’s parent company Conga recently acquired Metcash China

- With FOD products in these high-end retail outlets in China, the brand presence andstatus of FOD’s all-natural Australian Fruit Farm brand will be elevated throughout thecountry

- FOD is the only Australian company that has developed a propriety cold fill technology toincrease the shelf life of ambient fresh juice to nine months

- FOD is expected to ship the first orders once apple juice receives CIQ approval andexpects sales to grow strongly following this

- The deal builds on FOD’s distribution agreement with Sinopec for Australian canola oil.The Company expects to announce further deals as it rapidly expands its distributionfootprint in China

评论:

Cracked the 20 cents resistance with a nice little 8% gain so far today. Lets hope that gets established as new support level and onwards and upwards.