Sorting by

×

SAN DIEGO, CA, Dec. 08, 2017 (GLOBE NEWSWIRE) — ProGreen US, Inc. (ProGreen), (OTCQB: PGUS), www.ProGreenUS.com, Twitter @ProGreenUS; ProGreen is pleased to announce that an agreement has been executed to supply chili peppers to Huy Fong Foods, Inc. (Huy Fong), maker of the original Sriracha Hot Sauce – also commonly known as “Rooster” sauce. Chili peppers grown and harvested by the ProGreen Farms™ operation at Rancho Arenoso will be delivered to Huy Fong’s plant in Irwindale, California.

Under the agreement, ProGreen Farms US, LLC will supply a specified minimum quantity of chili peppers to Huy Fong in 2018 for an aggregate value of $1,200,000, with no maximum limit. The upper limit on sales that can be realized through this agreement will be determined by the growing and output capacity of the farming operations in Baja California.

ProGreen Farms™ operations in Baja California have been working on plans for increasing capacity at the Arenoso farm substantially, and have already taken some of the initial steps.

“This is a big step forward for ProGreen Farms, and we are very pleased to have Huy Fong Foods as a customer,” said Jan Telander, CEO of ProGreen. “On visiting Huy Fong’s offices, I was very impressed with the management, the plant, and their operations. This agreement that we have now executed marks the beginning of a relationship with a world class producer for U.S. and international markets, with nearly unlimited demand for our product.”

“We look forward to working with ProGreen Farms, especially considering the access to land they have available for expansion, ” said Donna Lam, Executive Operations Officer for Huy Fong Foods, Inc.

About Huy Fong Foods, Inc.

Huy Fong Foods, Inc., http://www.huyfong.com, with headquarters and 650,000 sf processing plant in Irwindale, California, is the maker of the original Sriracha Hot Sauce. The company’s products include Sriracha, Sambal Oelek, and Chili Garlic Hot Sauce. Huy Fong Foods was founded by David Tran in 1980, moved to Rosemead, CA in 1986, and just 2 years ago moved to its new home in Irwindale, CA.

Press Release Link

This press release might contain information, which may constitute ‘forward-looking statements’ within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. ‘Forward-looking statements’ are based upon expectations, estimates and projections at the time the statements are made that involve a number of risks, uncertainties and other factors that could cause actual results or events to differ materially from those anticipated.