VANCOUVER, British Columbia, June 20, 2016 (GLOBE NEWSWIRE) -- Naturally Splendid Enterprises Ltd. (“Naturally Splendid”) (NSP – TSX Venture) (NSPDF – OTCQB) (50N – Frankfurt) is pleased to announce that it has received additional purchase orders for $1,450,000 CDN from the Korea Beauty & Health Care Co., Ltd. who are based in South Korea.
The Company is pleased to report that with this most recent purchase order, the total value of export purchase orders to date in 2016 exceed $5,700,000 CDN.
Naturally Splendid CEO Mr. Craig Goodwin reports, "We are pleased with the success that we are having as Korea Beauty & Healthcare (KBH) continues marketing and selling our shelled hemp seed hearts in South Korea. We are pleased to report that in addition to the home shopping channel success that KBH is achieved with our shelled hemp seed hearts, shelf space has now been secured in mainstream grocery”.
The Company initially anticipated shipping 100 tons of shelled hemp seed hearts to South Korea in 2016. We have now shipped over 400 tons of shelled hemp seed hearts to South Korea in just four months. In addition to shelled hemp seed hearts, we are now in discussion with KBH regarding additional products, including HempOmega™, to be marketed through their distribution channels in South Korea. These products have the potential to be marketed through the home shopping channels and then moved into mainstream grocery, following the same strategy that made the launch of hemp seed hearts so successful. In short, our objective is to reach the same level of success that we have had with our shelled hemp seed hearts.
Korea Beauty and Healthcare reports, “We are most pleased with the success of the shelled hemp seed heart launch in South Korea. We look forward to duplicating this success with multiple products from Naturally Splendid”.
The South Korean opportunity secures Naturally Splendid a foothold in the growing Asian health and wellness market. We see increased interest for our hemp food products in Asia and have made significant progress in the Asian region while attending tradeshows as Members of the Canadian Trade Delegation in Singapore and Seoul and more recently as official Members of the Premier’s Trade Mission to Seoul, Manila and Tokyo, which was lead by British Columbia’s Premier Christy Clark.
Naturally Splendid is positioning itself to export healthy foods and value added natural formulations globally. The global functional, allergen-free, organic and other healthy foods market will push through the $1 trillion (€770m) mark for the first time in 2017, as consumer interest in preventing illness via foods snowballs, says Euromonitor International.1
About Naturally Splendid Enterprises Ltd.
Naturally Splendid is a multifaceted biotechnology company that is developing, producing, commercializing, and licensing an entirely new generation of plant-derived, bioactive ingredients, nutrient-dense foods, and related products. Naturally Splendid is building an expanding portfolio of patents (issued and pending) and proprietary intellectual property focused on the commercial uses of industrial hemp and non-psychoactive cannabinoid compounds in a broad spectrum of applications.
Naturally Splendid currently has five innovative divisions: (1) Natera® brand of retail hemp superfood products currently distributed throughout North America and Asia; (2) Chi Hemp Industries Incorporated (Chii) is selling natural and organic hemp products through e-commerce (3) PawsitiveFX® brand of pet care products; (4) BCI Division of plant-derived bulk ingredients including patent-pending HempOmega®; and (5) hemp-based cannabinoid nutraceuticals. The Company's advanced technologies, industry expertise, and strategic partners allow for the creation of customized solutions with a consistent focus on quality and sustainability.
For more information e-mail firstname.lastname@example.org or call 604-673-9573
On Behalf of the Board of Directors
J. Craig Goodwin
Naturally Splendid Enterprises Ltd.
(NSP – TSX Venture; NSPDF – OTCQB; 50N Frankfurt)
2435 Beta Avenue
Burnaby, BC, V5C 5N1
Phone: (604) 570-0902
Fax: (604) 570-0934
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Naturally Splendid cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Naturally Splendid's control including, but not limited to, Naturally Splendid’s ability to complete the private placement financing. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, Naturally Splendid undertakes no obligation to publicly update or revise forward-looking information.
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