Organic Plant Health, Inc. (OTCQB: OPHI) Announces Move to Larger Corporate Distribution Facility
CHARLOTTE, N.C., June 21, 2012 /PRNewswire/ — Organic Plant Health, Inc. (OTCQB: OPHI), a manufacturer and distributor of organic-based, hybrid and environmentally responsible fertilizers, soil conditioners and pest controls, is pleased to announce it has successfully moved its corporate offices, manufacturing and distribution operations into a new and larger 20,000 sq. ft. facility in Charlotte, NC. The dimensions of the new space are 65% larger and 40% higher than the previous location the company occupied, allowing for a nearly 200% increase in total storage area. The cost of the new facility is nearly 30% less per sq. ft. than the previous location. The company also retains the right of first refusal on leasing an additional 13,000 sq. ft. located in the same building. Management expects to exercise that right, acquiring the additional 13,000 sq. ft., by the end of 2013.
“This new facility will serve us much better as we prepare for anticipated growth over the next 18 months,” stated Organic Plant Health President and CEO, Billy Styles. “The size and dimensions have nearly tripled our previous storage capacity and the added height allows us to stack inventory higher, taking advantage of increased vertical storage. Having greater storage capacity has become increasingly necessary due to many of the key growth initiatives we are currently undertaking and the demands for us to maintain larger inventory.”
Alan Talbert, OPHI Vice President and COO, stated, “It was imperative that we not only find the right facility but that we acquire it in a responsible manner. The cost per square foot reduction coupled with increasing storage capability sealed the deal for us as it allows us to run our business much more efficiently. We now have a location that is better suited to meet our current and future growth expectations, and we can turn our full attention to carrying out our plans for national expansion.”
About Organic Plant Health
Based in Charlotte, NC, Organic Plant Health, Inc. (OTCQB: OPHI), provides organic-based, natural and environmentally responsible fertilizers, soil conditioners, herbicides, insecticides and fungicides for the continual care of residential and commercial landscapes.
Organic Plant Health brand products are currently sold in a variety of independent retail locations across North and South Carolina, including hardware stores, garden centers and plant nurseries. Key customers using Organic Plant Health products include environmentally conscious do-it-yourself homeowners and commercial landscape companies; secondary markets served include real estate development companies, vineyards and agriculture.
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements as a result of various factors, and other risks. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and Organic Plant Health takes no obligation to update such statements.
SOURCE Organic Plant Health, Inc.