Versant International Inc. (OTCQB: VINTB) has recently demonstrated its continued expansion and successful strategic acquisition approach by acquiring Mamma's Best, LLC, an organic natural foods company with wholesale distribution networks ranging from Sprouts to Whole Foods Market, Inc., as well as in current negotiations with more than 200 specialty retailers, nationwide. Versant International Inc. recently announced that its wholly owned subsidiary, Grocers Direct, has partnered with award winning and internationally recognized Fazeli Cellars and today announced another partnership with Whales Tails Tortilla Chips which donates a portion of its profits to a charitable organization which helps children and families discover the importance of healthy oceans and waterways through public art programs.
Whole Foods (NASDAQ: WFM), an industry giant within the natural and organic industry, recently approached a historical market valuation as analysts are anticipating year-over-year revenue growth of +23% with revenue topping $2.9 billion. Moreover, in the preceding quarter, Whole Foods Market was able to improve its gross margins by 0.6%, to 36%, when compared to the prior year’s quarter, signaling that the company was successful in ensuring an appropriate pricing strategy and maintaining cost of goods sold, a healthy indicator of future performance. Moreover, the company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters.
Another company, United Natural Foods, Inc. (NASDAQ: UNFI) a distributor of natural, organic and specialty foods and non-food products in the United States, announced that for fiscal 2013, it expects net sales in the range of approximately $5.88-$5.98 billion, in line with average analyst estimates of $5.84 billion for fiscal 2013. The company has embraced a strategy of continued expansion and market dominance.
According to industry reports, U.S. sales of organic food and beverages have grown from $1 billion in 1990 to $26.7 billion in 2010. Sales in 2010 represented 7.7 percent growth over 2009 sales. Total U.S. organic sales, including food and non-food products, were $28.682 billion in 2010, up 9.7 percent from 2009 presenting continued growth opportunities for companies like Whole Foods Market, Inc., United Natural Foods, Inc., The Fresh Market (NASDAQ: TFM), Natural Grocers by Vitamin Cottage, Inc. (NYSE: NGVC) and Versant International (OTCQB: VINTB).
Versant International Inc. has appreciated in market valuation from $0.12/share to November 2nd closing price of $0.68/share, representing market value gains of more than 466% since August 15th.
About Versant International
Headquartered in Irvine, California, Versant International Inc. (OTCQB: VINTB) is a publicly traded diversified financial investment company that focuses on acquiring and managing profitable growing enterprises within the organic and specialty foods industry. Versant International leverages its in-house financial experts in an effort to gauge market opportunities for strategic acquisitions. For more information, please visit the company’s website at www.versantinternational.com.
Disclosure: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Versant International Inc. has hired and paid CSIR Group LLC five thousand dollars for one month investor relations and financial communications services. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein.
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