LANGLEY, BC, April 30 /CNW/ - Bevo Agro Inc. (BVO:TSX-Ven.) announces
that Mr. David Stitt has resigned from the Board of Directors.
Mr. Stitt is a Managing Partner of Banyan Capital Partners, a private
equity firm. Mr. Stitt was originally appointed to Bevo's Board in connection
with a $5,000,000 loan from Banyan, secured by a convertible debenture issued
by the Company. All outstanding obligations of the Company to Banyan were
settled earlier this year.
Jack Benne, CEO of Bevo, commented, "For several years, Dave has provided
valuable contributions and advice. We thank him for his efforts and wish him
well in his other business investments."
Bevo Agro is North America's leading supplier of propagated agricultural
plants, growing and distributing vegetable, flower, berry and other plant
seedlings to North America's growers. Bevo propagates quality seedlings and
plants for wholesale vegetable greenhouse growers, field growers and nursery
operators from its 34 acre production facility.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or the accuracy of this news release.
For further information:
For further information: Jack Benne, President Bevo Agro Inc., Phone:
(604) 888-0420, Fax: (604) 888-8048, Email: firstname.lastname@example.org