Naturally Iowa Partners With New Strategic Investor
* Reuters is not responsible for the content in this press release.
CLARINDA, IA, Apr 07 (MARKET WIRE) --
Naturally Iowa, Inc. (PINKSHEETS: NLIA), a leading manufacturer and
distributor of value-added bottled spring water and dairy products,
announced that the company and DAK Renewable Energy, Inc. of Brandon,
South Dakota, a leading force in the renewable energy field, have signed
a letter of intent with DAK, through its new entity Naturally Dakota LLC,
to make a substantial financial investment in Naturally Iowa, Inc. As
part of the arrangement, DAK founder and CEO David Kolsrud is expected to
join Naturally Iowa's board of directors. Additionally, DAK will provide
Naturally Iowa with enhanced management and resources in the areas of
finance, accounting, customer service and administration.
"If these plans are successful, this investment marks an exciting new
chapter in Naturally Iowa's evolution and development," said Bill Horner,
agricultural entrepreneur, native Iowa farmer and founder of Naturally
Iowa. "DAK has more than two decades of experience in the renewable
resource industry and has garnered both critical acclaim and financial
success. The excellence of the DAK team may also allow us to increase our
'bench strength' of leaders and managers to help drive Naturally Iowa
forward."
Mr. Horner continued, "I'm particularly pleased that David Kolsrud plans
to bring his wisdom and experience to our board of directors. David is a
highly sought and nationally recognized leader in the field of renewable
resources due to his deep knowledge of the industry. His financial success
and business acumen may also assist with our ambitious plans to grow our
business."
DAK founder Kolsrud noted that the mission of Naturally Iowa aligns with
his company's commitment to renewable resources. "I founded DAK more than
a decade ago to build the promise of sustainability and to capitalize on
the dynamic growth of the renewable resources market," said Kolsrud. "I
am very pleased that Naturally Iowa has, from its beginning, shown an
unswerving dedication to sustainability and to using renewable resources
for its bottles. This dedication is a perfect match to our mission at DAK
to find sustainable and innovative new businesses in which to participate.
Additionally, we see tremendous sales and growth potential for Naturally
Iowa's Green Bottle(TM) Spring Water, and we are eager to gain a foothold
in the burgeoning market for sustainable beverages."
Naturally Iowa's Horner noted that the addition of the DAK resources
continues a process that began late in 2008 when the Fairhaven Strategy
Group, a branding and business planning consultancy, was engaged to assist
Naturally Iowa with its sales and brand development. "With DAK, our
financial and managerial resource base has been strengthened even
further, setting the stage for many new business developments that we
hope to announce in the near future," said Horner.
Previously, it was announced that the water used in Naturally Iowa's Green
Bottle(TM) Spring Water won the Gold Medal as "Best Bottled Water in the
World" at the largest and longest-running water tasting competition. Green
Bottle(TM) Spring Water also gained distribution in the U.S. Department of
Agriculture's Washington, DC headquarters, and the company was selected as
a "BioPreferred" supplier to the U.S. Government. Additionally, Green
Bottle(TM) Spring Water was chosen as the exclusive bottled water for the
food service venues at the U.S. House of Representatives as part of its
"Green the Capitol" Initiative.
About Naturally Iowa, Inc.
Naturally Iowa, Inc. (www.naturallyiowa.com), operating through its wholly
owned subsidiary, Naturally Iowa, LLC, markets and distributes Green
Bottle(TM) Spring Water brand bottled water and organic and all-natural
dairy products. In 2003, Naturally Iowa, LLC developed a working
partnership with NatureWorks, LLC, and became the world's first dairy to
use NatureWorks(R) environmentally friendly Ingeo(TM) bottling. Naturally
Iowa, Inc. is headquartered in its state-of-the-art, 28,500-sq.-foot dairy
processing facility in Clarinda, Iowa.
About DAK Renewable Energy
DAK Renewable Energy (www.dakrenewableenergy.com) specializes in renewable
energy development, financing of renewable energy projects, portfolio
management, strategic partnerships, mergers and acquisitions, and
valuations and appraisals of renewable energy projects. The focus of DAK
is on the renewable energy industry, primarily ethanol, wind, and
bio-diesel. The company also makes strategic investments in the renewable
energy sector, and it provides consulting expertise to help renewable
energy companies achieve their long-term goals. The mission of DAK is to
help clients to build or invest in successful businesses in the renewable
energy sector and to provide objective advice and guidance by providing
them with high quality business development, financing, and implementation
assistance that blends long-term strategic vision with practical
experience.
THIS PRESS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS." FORWARD-LOOKING
STATEMENTS ARE STATEMENTS CONCERNING PLANS, OBJECTIVES, GOALS, STRATEGIES,
EXPECTATIONS, INTENTIONS, PROJECTIONS, DEVELOPMENTS, FUTURE EVENTS, OR
PERFORMANCE, UNDERLYING (EXPRESSED OR IMPLIED) ASSUMPTIONS AND OTHER
STATEMENTS THAT ARE OTHER THAN HISTORICAL FACTS. THESE FORWARD-LOOKING
STATEMENTS ARE ONLY PREDICTIONS. NO ASSURANCES CAN BE GIVEN THAT SUCH
PREDICTIONS WILL PROVE CORRECT. ACTUAL EVENTS OR RESULTS MAY DIFFER
MATERIALLY. FORWARD-LOOKING STATEMENTS SHOULD BE READ IN LIGHT OF THE
CAUTIONARY STATEMENTS AND RISKS THAT INCLUDE, BUT ARE NOT LIMITED TO, THE
RISKS ASSOCIATED WITH A SMALL COMPANY, THE ACQUISITION OF PLA SUPPLY
COMPANY, INC., OUR COMPARATIVELY LIMITED FINANCIAL RESOURCES, THE EXTENT
TO WHICH MARKET TRENDS AND CONSUMER PREFERENCES MAY CONTINUE, OUR STATUS
AS A NEW PUBLIC COMPANY, AND THE UNCERTAINTIES OF COMPETITIVE PRESSURES
WE FACE. THESE OR OTHER RISKS COULD CAUSE ACTUAL RESULTS TO DIFFER
MATERIALLY FROM THE FUTURE RESULTS INDICATED OR IMPLIED IN SUCH
FORWARD-LOOKING STATEMENTS. WE UNDERTAKE NO OBLIGATION TO UPDATE OR
REVISE SUCH STATEMENTS.
Contact:
Naturally Iowa, Inc.
Bill Horner
(712) 542-6455
Copyright 2009, Market Wire, All rights reserved.
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