|By Marketwired .||
|January 17, 2014 06:06 PM EST||
OTTAWA, ONTARIO -- (Marketwired) -- 01/17/14 -- Sunora Foods Inc. (TSX VENTURE:SNF) (the "Company") is pleased to announce that it has appointed Ali Chatur to the position of Chief Financial Officer, effective today. Mr. Chatur replaces Catherine Toews, the former Sunora Chief Financial Officer, who will be pursuing other opportunities.
"I am pleased to announce the appointment of Ali Chatur to the position of Chief Financial Officer," said Mr. Steve Bank, Chief Executive Officer of the Company. "Ali has been the trusted financial consultant and external accountant of the Company for 14 years and we are very pleased that he has agreed to accept the position of Chief Financial Officer."
Mr. Chatur has more than 25 years of accounting and public company auditing experience which has included performing audits for Strikepoint Gold Inc. as well as Vivant Water Inc. and ONA Resources Ltd. which were previously listed on the TSX Venture Exchange. Mr. Chatur is a Chartered Accountant, a Certified Management Consultant and a Certified Financial Planner and has been the President of L A Chatur Professional Corporation, an accounting firm in Calgary, for more than 25 years.
About Sunora Foods Inc.
Sunora was founded by Steve Bank in 1990. Over its twenty-three year history of operations the company has grown from a small start-up supplying a limited number of Canola oil products to the Canadian and United States markets to a consistently profitable trader in the global food oil industry.
Although Sunora's primary trading product is Canola oil, it also trades a variety of other food oil products, including corn oil, soybean oil, olive oil and specialty oils (including blends of Canola with extra virgin olive oil and organic oils) under the "Sunora" and "Sunera" brands and numerous private labels, to customers in thirty different countries across the globe.
Sunora buys food oils in large commercial quantities from Seed Crushers and resells the food oils either in bulk to food oil processors or in smaller quantities that are repackaged for customers in the retail and food services industries around the world. Repackaging is done under the Sunora brands and private labels.
To find out more about Sunora Foods Inc. (TSX VENTURE:SNF), visit our website at www.sunora.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release may contain forward-looking statements and information, which may involve risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Factors that might cause a difference include, but are not limited to, competitive developments, risks associated with Sunora's growth, the state of the financial markets, regulatory risks and other factors. There can be no assurance or guarantees that any statements of forward-looking information contained in this release will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral statements containing forward-looking information are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. Unless otherwise required by applicable securities laws, Sunora disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers should not place undue reliance on any statements of forward-looking information that speak only as of the date of this release. Further information on Sunora's public filings, including their most recent audited consolidated financial statements, are available at www.sedar.com.
Chief Executive Officer
Sunora Foods Inc.
(403) 247-8340 (FAX)
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