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OPHI

0.0003
0.00 (0.00%)
24 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
USOTC:OPHI OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.0003 0.00 01:00:00

Organic Plant Health Announces Important Retail Partner Additions for Spring 2011

23/02/2011 12:00pm

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Organic Plant Health, Inc., (OPHI), (PINKSHEETS: OPHI), an exclusive manufacturer and distributor of organic-based fertilizers and soil conditioners, announced today that it has reached an agreement with five new retail partners further increasing the retail availability of Organic Plant Health products. Three of the five new retailers are Ace Hardware stores. The other two are large garden centers located in North Carolina. Initially each retail outlet will carry 8 to 10 key products with access to more as needed. "We are beginning to see the results of our aggressive retail expansion on the east coast," stated Dale R. Huffman, Organic Plant Health, Regional Sales Manager. "As the spring gardening season approaches we are experiencing a lot of success and are very pleased with the increased availability of our products. In addition to these retailers, our sales team anticipates adding three to five more retail partners for spring deliveries in March and early April."

Organic Plant Health also announced that they are nearing the final stages of bringing a brand new product to market. The company has been working on its new bio-fungicide: Turf & Garden Warrior™. The product is developed to control fungus and disease on a variety of indoor and outdoor plants including turf, ornamental trees and shrubs, flowers and vegetable gardens. Company President Billy Styles, said, "Turf & Garden Warrior is going to be an important product every serious do-it-yourself homeowner, gardener and landscaper will always want to keep on hand. It will be a vital proactive and curative treatment for many common turf and foliar diseases." Mr. Styles added, "We anticipate Turf & Garden Warrior™ will be a big seller on our new ecommerce website that will be launching next week and will become a significant revenue stream for the company."

Mr. Styles also commented on the audit being conducted by SEC auditing firm Silberstein Ungar, PLLC. "The audit is progressing very well and we expect that it will be completed shortly. We look forward to providing our shareholders with the results of the audit upon its completion. The audit is an important step showing total transparency and arriving at a true valuation of our share price."

Lastly, Mr. Styles addressed shareholder concerns regarding the recent reverse split and the delay of stock availability. Mr. Styles stated, "The new laws, rules and regulations have been a large part of the reason for the post-split delay in stock availability. Being new to the public arena we have been extremely cautious to ensure that everything has been handled compliantly and within these regulations. We apologize for any inconvenience this unforeseen delay may have caused. It is my understanding that all necessary documentation has been properly submitted and that normal trading is expected to resume this week."

About Organic Plant Health Based in Charlotte, NC, Organic Plant Health (OPH), provides organic-based, natural and environmentally responsible fertilizers, soil conditioners, herbicides, insecticides and fungicides for the continual care of residential and commercial landscapes.

Organic Plant Health brand products are currently sold in more than 20 Master and Independent Retailers across the Carolinas from Raleigh, NC to Greenville, SC. Key customers using Organic Plant Health products are environmentally conscious Do-It-Yourself homeowners and commercial landscape companies, secondary markets served include real estate development companies, vineyards and agriculture.

This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements as a result of various factors, and other risks. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and Organic Plant Health takes no obligation to update such statements.

CONTACT: Alan Talbert: Ph. (704) 846-1163 Fax (704) 846-1127 E-mail: alan@organicplanthealth.com

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