September 11, 2007
Red Mango, Inc. And YoCream International Announce Exclusive Custom Manufacturing Agreement
LOS ANGELES, Sept. 11 /PRNewswire/ -- Red Mango, Inc. today made public its strategic alliance with YoCream International, the leading producer of frozen yogurt. YoCream became the exclusive manufacturer for Red Mango's proprietary natural yogurt formula when introduced in the U.S. earlier this year.
Red Mango executives worked closely with YoCream's research and development team in the development of Red Mango's signature natural frozen yogurt formula. The two companies joined forces in January 2007. "It was a natural association," said Red Mango president and CEO Dan Kim. "Both Red Mango and YoCream share the mission of promoting good health and well-being with yogurt-based foods made with natural ingredients, nutrients and probiotics.""We are excited to be working together to develop and advance the rapidly growing category of probiotics and authentic frozen yogurt," said Kim. "Not only does YoCream have an excellent reputation, a first-rate management team and strong presence in the frozen yogurt category, they also share our vision of materializing the concept of healthy indulgence. Red Mango's recent certification by the National Yogurt Association's Live and Active Culture Seal Program could not have been achieved without YoCream's commitment to the field of probiotics, and its dedication to promoting good health with delicious and nutritious yogurt products."
"We are pleased to have established a custom manufacturing agreement with Red Mango, a company who has already established dominance in South Korea, and one we believe will become a leading retailer of natural frozen yogurt in the United States," said John Hanna, CEO and Chairman of YoCream. "YoCream and Red Mango both share a strong commitment to leadership in yogurt products rich in probiotics."
YoCream manufactures a broad line of products for national and international food service markets, including quick serve restaurants, ull-service restaurants, business and industry, healthcare, college and university, military and convenience stores. The company's products are distributed through associations with more than 240 domestic distributors including national and regional broad-line distributors, specialty distributors and dairies. YoCream produces its own products, as well as custom manufactured products, in their dairy and manufacturing facility in Portland, Oregon. YoCream's proprietary frozen yogurt products are also certified by the National Yogurt Association's Live and Active Culture Seal Program.
Red Mango frozen yogurt is real and authentic. It is made in the ways real yogurt is made, and contains all of yogurt's beneficial ingredients, including live and active cultures, calcium, and protein. Red Mango frozen yogurt is also free of unhealthy additives like high-fructose corn syrup and artificial flavors. Many other retail products that claim to be frozen yogurt are often frozen desserts made with artificial sweeteners, or with dry powders that are mixed with milk and water inside retail stores. Red Mango yogurt is 100% real frozen yogurt.
About YoCream International, Inc.
YoCream International, Inc., with headquarters and a dairy and manufacturing facility in Portland, OR, is a pioneer and leading producer of frozen yogurt. Founded in 1977, YoCream produces, markets and sells frozen yogurt, ice cream and frozen custard mixes as well as fruit and dairy smoothies and frozen beverages. The Company has 30 years experience of providing solutions to the away-from-home foodservice market: Quick serve and full service restaurants, business and industry, education, college and university, government, healthcare and convenience stores. With a proven history of providing high-quality products and solution-based customer service, YoCream International is an established food service vendor, co-packer, and industry leader poised for long-term growth. For additional information on YoCream International, please visit http://www.yocream.com/.
About Red Mango, Inc.
Founded in 2002, Red Mango is South Korea's largest and most popular retailer of authentic frozen yogurt. The company's most unique differentiating factor is its authenticity in creating a genuine nonfat frozen yogurt that is made with natural ingredients by a U.S.D.A licensed dairy manufacturer. Red Mango, Inc. is a California corporation, and currently operates over 130 retail stories in major cities throughout South Korea. The company recently opened its first two U.S. retail stores in Los Angeles and Las Vegas, and has plans to open 10 additional locations this year. For more information about Red Mango, please visit http://www.redmangousa.com/ or http://www.myspace.com/RedMangoUSA.
Red Mango, Inc.
CONTACT: Shannon Keller, [email protected], or Elizabeth Kurz, both ofBNC, +1-310-854-4800, for Red Mango, Inc.; or Terry Lusetti, Director,Investor Relations of YoCream International, Inc., +1-503-256-3754,[email protected]
Web site: http://www.redmangousa.com/http://www.yocream.com/