Packaging

ONE Bio Announces Increase in Sales to Japan

Friday 22. April 2011 - Japanese Organic Product Sales Expected to Increase 50% Year-Over-Year to $5.3 Million in Fiscal 2011

ONE Bio, Corp. (“ONE” or the “Company”) (OTCBB: ONBI), an innovative company utilizing green process manufacturing to produce raw chemicals and herbal extracts, natural and health supplements and organic products, today announced that year-to-date sales of its organic food products in Japan have increased by 50% as compared to the same period a year ago.
The sales growth was directly attributable to an increased demand for food, specifically high-quality organic food products, following the recent earthquakes and tsunami experienced by Japan. In response to the rising demand, the Company has increased its production capacity for its precooked organic bamboo and vegetable products.
The Japanese market for organic food and drinks is the largest in the Asia-Pacific region, and Japan is currently the Company’s strongest export market, accounting for 30% of ONE’s organic product sales. During the fourth quarter of 2010, the Company added new distributors in Japan and expanded its lineup of organic bamboo and vegetable products for Kobe Bussan Supermarkets, one of Japan’s biggest supermarket chains. More recently, the Company signed distribution agreements with Toyo Food Trading Company Ltd. and Sanyo Trading Company Ltd., two major Japanese trading companies. ONE expects its organic product sales to Japan to increase to $5.3 million for the fiscal year ending December 31, 2011, an increase of 50% compared to $3.5 million in 2010.
“We have seen a significant increase in our organic product sales to Japan since the earthquakes and tsunami. We have advised our Japanese retailers and distributors that we have increased our manufacturing capacity to accommodate their needs and fulfill all their orders,” stated Marius Silvasan, ONE’s CEO. “Japanese consumers are very conscientious of the quality of their food, and our products fill that need.”