Natural Soda to Increase Sodium Bicarbonate Prices
RIFLE, Colo., Nov. 19, 2010 /PRNewswire/ — Natural Resources USA Corporation, (OTC Bulletin Board: AALA) previously known as Ameralia Inc today announced that its wholly owned subsidiary, Natural Soda, will increase its prices on all grades of sodium bicarbonate products effective immediately or as contract terms permit.
Pricing for all grades will increase $30/ton ($1.50/cwt.)
President of Natural Soda, Brad F. Bunnett said the price increase is required to support the long term growth strategy for the business.
“Last week we received approval from the Bureau of Land Management (BLM) to increase annual production to 250,000 tons. Revenue growth from increased prices will assist in offsetting a portion of the significant capital investment required,” said Mr. Bunnett.
“We appreciate the support of our distributers and customers and look forward to supplying them with our high quality, naturally-occurring sodium bicarbonate for decades to come,” he said.
The company’s annual report to the SEC for the year ended June 30, 2010 on Form 10-K, and quarterly report on form 10-Q reported a profitable year and can be found online at www.naturalresourcescorp.com.
Forward Looking Statements
Natural Resources USA Corporation’s future conduct depends on a number of factors beyond our control, so we cannot assure you we will be able to conduct Natural Resources USA Corporation’s operations as we contemplate in this report. This report contains various statements using the terms “may”, “expect to”, and other terms denoting future possibilities. They are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We cannot guarantee the accuracy of these statements as they are subject to a variety of risks beyond our ability to predict or control. These risks may cause actual results to differ materially from the projections or estimates contained in this report. These risks are discussed in our annual reports filed with the Securities and Exchange Commission.
SOURCE Natural Resources USA Corporation