VANCOUVER, British Columbia, June 27, 2012 /PRNewswire/ -- Urban Barns Foods (URBF.OB), today announced the appointment of Mr. Richard T. Groome to its Board of Directors as well as a Strategic Marketing Officer. Mr. Groome has an extensive and distinguished career in financing small and mid-size emerging growth companies in Canada, which is one of Urban Barns' target markets.
Mr. Groome has been in the financial industry for more than 20 years at such firms as Groome Capital, Marleau Lemire Securities, Sprott Securities and Levesque Beaubien Geoffrion. Mr. Groome was a director of the CDNX Exchange, the predecessor of the TSX Venture exchange for several years and currently sits on the boards of directors of several private and public companies. Mr. Groome has actively managed or participated in over 400 financings representing some $4 billion of small cap financings. Mr. Groome is very active in numerous philanthropic projects most notably underprivileged children in Montreal and Peru, and the World Wildlife Fund. He has a BA in Economics from McGill University.
"Mr. Groome is a perfect fit to add to our executive team. His knowledge of, and extensive experience in Canada, one of our target markets is essential for our assertive expansion strategy," said Dan Meikleham, Chairman. "Jack Benne, Vancouver, Robyn Jackson, Calgary, Cesar A. Montilla, Jr., Puerto Rico, and Talal Thabet, Dubai joins me in welcoming Mr. Groome whose skill set is an asset to Urban Barns. This positions the company to expand quickly, smoothly and intelligently in three of our target markets."
In response to his appointment, Mr. Groome commented, "This is a wonderful opportunity for me to join the Urban Barns Board and their executive team with a focus to supply locally grown vegetables in USA, Canada and the Middle East."
About Urban Barns Foods Inc.
Urban Barns uses patent pending proprietary equipment to produce affordable vegetables in a secure and controlled indoor environment. By setting up subsidiary facilities and growing locally, Urban Barns can focus on supplying any community, irrespective of the regional climate, effectively reducing shipping times and related spoilage costs. Urban Barns has the unique ability to scale and cater to the demands of all major communities. Our commitment to our consumers is reflected through our motto, "Purely Fresh, Naturally Tasty, and Completely Healthy". Urban Barns and Urbanbarnsfoods.com and Cubic Farming are registered trademarks and the copyright of Urban Barns Foods Inc. All other company and product names mentioned are used only for identification purposes and may be trademarks or registered trademarks of their respective companies.
Except for historical information contained herein, the matters set forth above may be forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ from those in the forward-looking statements. Words such as "anticipate", "believe", "estimate", "expect", "intend" and similar expressions, as they relate to Urban Barns or its management, identify forward-looking statements. Such forward-looking statements are based on the current beliefs of management, as well as assumptions made by and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors such as the level of business and consumer spending, the amount of sales of Urban Barns ' products, the competitive environment within the industry, the ability of Urban Barns to continue to expand its operations, the level of costs incurred in connection with Urban Barns ' expansion efforts, economic conditions in the industry and the financial strength of Urban Barns ' customers and suppliers. Urban Barns does not undertake any obligation to update such forward-looking statements. Investors are also directed to consider all other risks and uncertainties.
SOURCE Urban Barns Foods, Inc.