TSXV Symbol: CYF
EDMONTON,
Dec. 10, 2012 /CNW/ - Canyon Creek
Food Company Ltd., ("Canyon Creek") listed on the TSX Venture
Exchange Inc. under the trading symbol "CYF" is pleased to announce
that it has entered into a new supply agreement with Equilibrium
Foods. Equilibrium Foods, which is already a customer of
Canyon Creek, markets its food products in Canada under the "Janet & Greta" brand.
Janet & Greta Podleski are the
authors of several best-selling cookbooks, and are the hosts of the
Eat, Shrink & Be Merry television series, seen across the
country on The Food Network Canada.
Under this new agreement, Canyon Creek, will
supply fresh refrigerated soup to Equilibrium Foods which will in
turn distribute these products across Western Canada through Wal-Mart. Terry Alty, the President and CEO of Canyon
Creek notes that: "the broadening of this relationship continues
to allow us to benefit from the brand celebrity status of Janet
& Greta and also provides us with another major retail sales
outlet for our products." This is a significant
milestone. Wal-Mart has grown to become the 4th largest
company in Canada, and is the
largest participant in the retail sector, with Canadian generated
revenues exceeding $22 billion per
year. Wal-Mart is continuing to build its presence in the
fresh refrigerated food category. To that end, Canyon Creek
produced soups are now to be made available in 73 large format
Wal-Mart stores in Western
Canada.
ABOUT CANYON CREEK
Canyon Creek is a food processing company based
in Edmonton, Alberta, providing
fresh soups and other prepared food products for today's health
conscious consumer. The Company offers its fresh food product
line to both grocery retailers and a broad range of food service
establishments including restaurant chains and public institutions
throughout Canada.
ABOUT EQUILIBRIUM FOODS
Equilibrium Foods is an Ontario based Food Company. Its'
strength and core competency is the ability to create foods with
strong nutrition profiles that consumers will enjoy eating. Through
their network of manufacturing facilities across North America, Equilibrium is to offer today's
health conscious consumers great tasting, healthy products at very
competitive prices.
This news release contains forward-looking
statements which involve known and unknown risks, delays, and
uncertainties not under the Company's control which may cause
actual results, performance or achievements of the Company to be
materially different from the results, performance or expectations
implied by these forward-looking statements.
The TSX Venture Exchange has neither approved nor disapproved
of the contents of this press release.
SOURCE Canyon Creek Food Company Ltd.