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LevelStock.com: FRHV.OB Investment Opinion and Trading Alert

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FOR IMMEDIATE RELEASE

PRLog (Press Release) - Mar 09, 2010 -
Braintree,Ma. LevelStock.com is pleased to announce to all of its members and investors information on Fresh Harvest Products, Inc. (OTCBB: FRHV). The Company released news as follows:

Fresh Harvest Products, Inc. (OTCBB: FRHV), a developer and marketer of natural and organic products, is pleased to announce that it has completed its asset acquisition of AC LaRocco Pizza Co., a 12-year-old privately held purveyor of organic and natural frozen foods, located in Washington state.

“The completion of this acquisition represents a significant step for Fresh Harvest in our strategy to accelerate growth in our business,” said Michael J. Friedman, chief executive officer of Fresh Harvest. “Today, we significantly increased the depth and breadth of our products, sales and distribution across the nation into retailers such as Kroger (certain divisions), H-E-B, Albertsons (certain regions) and further enhances our foothold with the largest natural food retailer in the US. The addition of AC LaRocco will complement the sound internal growth that our Wings of Nature brand is achieving. This transaction will add approximately $1.5 million in sales to our annual volume and should lead to increased efficiencies. We expect to benefit from an expanded customer base, as well as establishing our presence in the West and Midwest.”

Technical outlook: FRHV Traders and investors anxiously await the key breakout level of .03. A breach of this level could spark another round of buying interest in the stock. Support .025 resistance .03.

Fresh Harvest Products, Inc. is a natural and organic food and beverage company. Fresh Harvest offers a line of organic snack products and beverages, which include health bars, coffee bars under the Wings of Nature(TM) name, beverages under the TeAloe(TM) name, and frozen pizza and food products under the AC LaRocco(TM) name. In addition, Fresh Harvest provides a grocery product line, which includes several varieties of whole bean and ground coffees, and beverages. We sell our products through specialty and natural food distributors to stores, specialty supermarkets and retailers. Fresh Harvest Products, Inc. is headquartered in New York City. Additional information is available at www.freshharvestproducts.com.

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Source:LevelStock.com
Country:United States
Industry:Beverage
Tags:beverage company, , , , , , ,
Last Updated:Mar 09, 2010
Shortcut:http://prlog.org/10567438
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