REGINA, Nov. 6, 2013 /CNW/ - Input Capital Corp. ("Input") (TSX Venture Exchange: INP) announced today the addition of three
well-known and top quality farmers to its Business Development team.
Kelvin Meadows (Moose Jaw, Sask), Warren Kaeding (Churchbridge, Sask)
and John Cote (Saskatoon, Sask) are all previous winners of the
Saskatchewan Young Farmer of the Year award, and join Gord Nystuen,
Vice-President of Market Development, to greatly enhance Input's deal
generation and processing capacity.
"We are excited to have Kelvin, Warren and John join our team," said
President and CEO Doug Emsley. "They are all well-known, successful and
highly respected farmers on the Saskatchewan and Canadian agriculture
scene. Their work with Input Capital will enhance our geographic
footprint in multiple areas of the province simultaneously, allowing us
to rapidly grow our deal pipeline."
Biographies follow at the bottom of this news release.
Input to Release Q2 Results
Today, Input also announced that it will release its 2014 second quarter
results on Wednesday, November 27, 2013, after market close.
Webcast and Conference Call Details
A conference call will be held on Thursday, November 28, 2013 starting
at 9:30 am Saskatchewan time (10:30 am Eastern time) to further discuss
the second quarter results. To participate in the conference call use
the following dial-in number:
Participant Dial in #: (888) 231-8191 (North America Toll Free)
Webcast URL: http://www.newswire.ca/en/webcast/detail/1255891/1384185
It is recommended that participants dial in five minutes prior to the
commencement of the conference call. Soon after the completion of the
call, the webcast will be available for download on the Input Capital
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS
THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Input is an agriculture commodity streaming company with a focus on
canola, the largest and most profitable crop in Canadian agriculture.
Input enters into multi-year canola streaming contracts with canola
farmers in western Canada. Pursuant to the streaming contract, Input
purchases a fixed portion of the canola produced, at a fixed price, for
the duration of the term of the multi-year contract. Input is a
non-operating farming company with a portfolio of ten canola streams,
all of which produce canola and revenue for Input in the year the
agreement is signed. Input plans to grow and diversify its low cost
canola production profile through entering into additional multi-year
canola streaming contracts with farmers across western Canada.
Input is focused on farmers with quality production profiles, excellent
upside yield potential, and strong management. Input has completed
canola streaming contracts in Northern Alberta, Western Saskatchewan
and throughout East Central Saskatchewan.
Not many people know much about canola, but the Canadian canola industry
is larger than the more well-known Canadian potash industry.
Canola is the largest and most profitable crop in Canadian agriculture,
generating more than 25% of all farm receipts.
Canadian-grown canola contributes $19.3 billion to the Canadian economy
each year, including more than 249,000 Canadian jobs and $8.2 billion
In 2012, canola was ranked as the 7th most important Canadian export by
value, compared to potash in 10th position.
In 2012, canola was Canada's top export to China, representing a full
16% of all Canadian exports to China.
Canada is the dominant canola exporter in the world, with a 72% global
export market share in 2011/12.
Forward Looking Statements
This release includes forward-looking statements regarding Input and its
business. Such statements are based on the current expectations and
views of future events of Input's management. In some cases the
forward-looking statements can be identified by words or phrases such
as "may", "will", "expect", "plan", "anticipate", "intend",
"potential", "estimate", "believe" or the negative of these terms, or
other similar expressions intended to identify forward-looking
statements. The forward-looking events and circumstances discussed in
this release may not occur and could differ materially as a result of
known and unknown risk factors and uncertainties affecting Input,
including risks regarding the agricultural industry, economic factors
and the equity markets generally and many other factors beyond the
control of Input. No forward-looking statement can be guaranteed.
Forward-looking statements and information by their nature are based on
assumptions and involve known and unknown risks, uncertainties and
other factors which may cause our actual results, performance or
achievements, or industry results, to be materially different from any
future results, performance or achievements expressed or implied by
such forward-looking statement or information. Accordingly, readers
should not place undue reliance on any forward-looking statements or
information. Except as required by applicable securities laws,
forward-looking statements speak only as of the date on which they are
made and Input undertakes no obligation to publicly update or revise
any forward-looking statement, whether as a result of new information,
future events, or otherwise.
Kelvin Meadows has 20 years' experience in pedigreed seed production and
was also the owner/operator of a seed cleaning and export business near
Moose Jaw, Saskatchewan. Kelvin spent ten years as Director and
Chairman of the Saskatchewan Canola Development Commission, an
organization he credits with exposing him to the food processing
industry. In 1998, Kelvin and his wife Shelley were named Saskatchewan
Young Farmers of the Year. After selling the farm in 2008, Kelvin and
Shelley moved into value-added food processing. Kelvin is currently a
major shareholder and Chairman of the Board for Avena Foods, one of the
largest dedicated gluten-free oat processing facilities in North
America. In 2011, he was awarded a Nuffield Scholarship and spent two
years travelling internationally researching the factors that
contribute to successful farmer owned value chains. Kelvin lives in
Moose Jaw, Saskatchewan.
Warren Kaeding, PAg.
Warren Kaeding graduated from the University of Saskatchewan with a
Degree in Agriculture in 1984. He worked for ten years with Bayer Crop
Science as a sales rep while also developing Wagon Wheel Seed Corp., a
6,500 acre pedigreed seed farm, located in Churchbridge, Saskatchewan.
Wagon Wheel Seeds specialized in pedigreed cereals, peas, faba bean and
retailed canola seed, inoculant, pesticides and forage seed. They also
grew special crops that included soybeans, dry beans, spice crops,
sunflower, various nutraceuticals and pumpkins, while marketing
pedigreed seed and processed product throughout North and South America
as well as Europe. In 1999, Warren and his wife Carla were named
co-winners in Saskatchewan's Outstanding Young Farmers Competition and
went on to be named Canada's Outstanding Young Farmers of the Year.
Warren has been involved with numerous boards such as the Saskatchewan
Seed Growers Association, the Saskatchewan Institute of Agrologists,
Advisor to the Saskatchewan Pulse Growers Association, Advisor to the
Saskatchewan Crop Development Center and a member of the Agriculture
Development Fund Advisory Board. Warren lives in Churchbridge,
Saskatchewan, where he is very active in his community. Warren's wife,
Carla, is the Churchbridge Town Administrator and they have two grown
John Cote, together with his wife Barb and his children are currently in
the process of setting up a new farm on the outskirts of Saskatoon,
concentrating on cut flowers, small fruit and a boutique distillery.
John obtained his degree in Agriculture from the University of
Saskatchewan in 1986 and returned with Barb to the family farm in
Leask, Saskatchewan, where they grain farmed until 2010.
In 2001, John and his wife Barb Stefanyshyn-Cote were named co-winners
in Saskatchewan's Outstanding Young Farmers Competition and went on to
be named Canada's Outstanding Young Farmers of the Year. During his
career in agriculture, John has had the opportunity to work and study
on farms throughout the Americas, Australia and the former Soviet
SOURCE: Input Capital Corp.
For further information:
President & CEO
Executive Vice-President & CFO