HEYBURN, Idaho — 20/20 Global, Inc. (“Global”), a Nevada corporation which provides services for the wholesale fresh produce industry, announced that it has signed potato and onion contracts with one of the largest food service companies in North America. The potato contract is for 12 months totaling 780,000 cases or approximately 39,000,000 pounds of Idaho potatoes and the onion contract is for 8 months totaling 260,000 cases or approximately 11,200,000 pounds of yellow and red onions.
Mark Williams, Global's Chief Operating Officer said, “The contracts are subject to market pricing but similar contracts last year were worth approximately $10 million and we expect these contracts to be somewhat similar.”
Idaho potatoes are well known as the gold standard for potatoes. Idaho potatoes have the "Grown In Idaho" seal, which features a silhouette of the state of Idaho and the registered certification mark, "Idaho Potatoes." Idaho and Eastern Oregon are the largest onion growing regions in the country. Global's growing partners use cutting edge technology that includes drip irrigation, in-house forced air drying, automated packing lines and palletization and advanced sizing and grading equipment. All loads are federal and state inspected and graded to meet strict specifications.
About 20/20 Produce Sales, Inc. Global's wholly owned subsidiary, 20/20 Produce Sales, Inc. (“20/20”), was founded in 1993 to provide Idaho potato farmers the opportunity to collectively market their product. 20/20 provides year-round apple, onion, and potato supplies shipping from 15 separate shipping facilities. 20/20 is a Blue Book Trading member. Additional information about 20/20 Produce Sales, Inc. is available at: www.2020produce.com.
Forward Looking Statements. Statements made in this news release that relate to future plans, events, or performances are forward-looking statements. Any statements containing words such as “believes,” “should,” “anticipates,” “plans,” or “expects,” as well as other statements, are forward-looking, and those statements involve risks and uncertainties outside of the control of management and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements.
Source: 20/20 Global, Inc.