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Last updated on April 18, 2014 at 21:21 EDT

Alliance Grain Traders Inc. Announces Marketing and Distribution Agreement with Cargill

January 9, 2013

SYMBOL: TSX: AGT

REGINA, Jan. 9, 2013 /CNW/ – Alliance Grain Traders Inc. (“AGT”)
announced that its wholly owned U.S. subsidiary, United Pulse Trading
Inc. (“UPT”), has entered into an agreement with Cargill, Incorporated
(“Cargill”), an international producer and marketer of food,
agricultural, financial and industrial products and services, for
Cargill to be the exclusive agent for UPT’s pulse protein ingredient
products for the animal feed sector, including pet foods.

The agreement is for a period of five years, with Cargill appointed as
UPT’s exclusive agent for the sales and marketing of pulse proteins in
North America for the animal feed sector and UPT as the exclusive
supplier of these ingredients to Cargill for this sector for the term
of the agreement.

“We are very pleased to announce this agreement with Cargill as the
first for our pet food and branded feed ingredient platform. We have
commented on a number of occasions that we are excited about the
profile of pulses as ingredients for protein, fibre and starch, and
many of our customers agree with us on this. The fact that a major
company like Cargill, with their position in the market, concurs with
us on the potential opportunities for pulse ingredients and have
entered into this agreement with us, which demonstrates that this new
line of business is a positive and exciting development for us,” said
Mr. Murad Al-Katib, President and CEO of AGT. “Whether for human
consumption or for animal feed, pulses are nutrient dense, non-GMO,
gluten-free, high protein and fibre products with a desirable
combination and untapped potential for the global food market. We are
hopeful that further opportunities like this will arise and that they
will have a positive impact on our earnings as the opportunities are
pursued.”

“Our agreement with Cargill is the first step towards realizing the
opportunities that our new pulse ingredient platform provides. These
ingredients provide added value to the pulses and staple foods products
we are already producing and exporting around the globe. We expect that
this new platform may assist in making AGT one of the preferred
suppliers of ingredients critical to food companies producing branded
products for feed applications, as Cargill is doing, and for retail and
foodservice sale to consumers around the globe,” added Mr. Huseyin
Arslan, Executive Chairman of the AGT Board. “The size and scale of our
planned operations in the food ingredient area, with Minot being the
first facility planned to produce these products, we expect will assist
us to capitalize on synergies from our other lines of business and
demonstrate our strategy to grow this business unit.”

AGT, with its new Minot, North Dakota pulses ingredient processing
facility set to begin commissioning in late first quarter 2013, is
expected to commence production in its first North American industrial
scale, pulses ingredient processing and production facility producing
protein, fibre, starch and flour derived from legumes including
lentils, peas, chickpeas and beans for human food, food ingredient and
animal feed including pet food applications. Sales and marketing
activities by Cargill covered under this agreement are expected to
begin shortly.

Alliance Grain Traders Inc. Profile
Alliance Grain Traders Inc. (AGT) is a value-added pulse, staple food
and ingredient processor for export and domestic markets. Through its
offices and processing facilities located in some of the best
agricultural growing regions in Canada, the U.S., Turkey, China,
Australia and South Africa, merchandising and sales offices in the
U.K., the Netherlands and Spain and origination offices in Russia, AGT
produces a full range of pulses and specialty crops including lentils,
peas, chickpeas, beans and canary seed as well as food ingredients such
as pulse flours, proteins, starches and fibres.  Through its
subsidiaries in Turkey, the Arbel Group, AGT also produces staple foods
such as Arbella Pasta, rice, and milled wheat products, including
bulgur and semolina.

About Cargill
Cargill is an international producer and marketer of food, agricultural,
financial and industrial products and services. Founded in 1865, the
privately held company employs 142,000 people in 65 countries. Cargill
helps customers succeed through collaboration and innovation, and is
committed to sharing its global knowledge and experience to help meet
economic, environmental and social challenges wherever it does
business. For more information, visit http://www.cargill.com.

Cautionary Statements
Certain statements in this press release are forward-looking statements.
The reader is cautioned that assumptions used in the preparation of
such information, although considered reasonable by AGT at the time of
preparation, may prove to be incorrect. Forward-looking statements
involve known and unknown risks, uncertainties and other factors which
may cause the actual results, performance or achievements of AGT
(including its operating subsidiaries) to be materially different from
any future results, performance or achievements expressed or implied by
the forward-looking statements. Such risks and uncertainties include,
among others, the actual results of harvests, fluctuations in the price
of lentils and other crops, failure of plant, equipment or processes to
operate as anticipated, accidents or labour disputes, risks relating to
the integration of acquisitions or to international operations, as well
as those factors referred to in the section entitled “Risk Factors” in
the Annual Information Form of AGT dated March 27, 2012 which is
available on SEDAR at www.sedar.com, and which should be reviewed in conjunction with this document.
Although AGT has attempted to identify important factors that could
cause actual actions, events or results to differ materially from those
described in forward-looking statements, there may be other factors
that cause actions, events or results not to be as anticipated,
estimated or intended. There can be no assurance that forward-looking
statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on
forward-looking statements.  AGT expressly disclaims any intention or
obligation to update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise, except in
accordance with applicable securities laws.

SOURCE Alliance Grain Traders Inc.


Source: PR Newswire