Fresh Harvest Products, Inc. (FRHV.OB) Nearly Finished Performing Due Diligence on Acquisition Candidate

By IBTimes Staff Reporter | May 20 2009 5:13 AM

Fresh Harvest Products, Inc. announced that it is close to completing its due diligence in order to complete the acquisition of Organic Chef, LLC. As of today the company is waiting for the final Asset Valuation Report to finalize the purchase price of the assets to be acquired. Fresh Harvest expects the independent asset appraisal of Organic Chef, LLC to be completed before the end of this week and the asset acquisition agreement to be executed the following week.

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Michael J. Friedman, FRHV’s CEO, stated, “We are very excited to be nearing the completion of the asset acquisition of Organic Chef, LLC, so that we can begin presenting and selling these additional products to our current distributors and retailers. The TeAloe(TM) and PurAloe(TM) beverages will grow our product lines and consumer awareness of our brands and ultimately increase our Shareholders value.”