FIVE POINTS, Calif., April 25, 2012 /PRNewswire/ — S&W Seed Company (Nasdaq: SANW) will exhibit at the seventh annual SIAM – the International Exhibition of Moroccan Agriculture. Organized by the Moroccan Ministry of Agriculture and other governmental bodies SIAM is the largest agricultural trade show in North Africa. The event will take place in Meknes, Morocco onApril 25 – 29, 2012. S&W Seed will exhibit at Booth Stand A79 with its primary reseller in the North African region, Bodor.
S&W’s high quality alfalfa seed became established in Morocco through its former distributor Genetics International, from which S&W purchased its international customer list in July 2011. Since late 2011, Bodor and S&W have traded directly, resulting in reduced distribution channel costs.
Mr. Driss Morabit, managing director of Bodor, commented, “By way of S&Ws former distributor, Bodor has been partners with S&W Seed Company for almost 15 years. I am happy to welcome its chairman, Grover Wickersham, to Morocco and the SIAM trade conference. We are excited by the possibility of expanding sales in Morocco and many of the other North African countries.”
“We think that the performance of our proprietary varieties, combined with our direct sales initiatives, should allow our two companies to expand market share in Morocco and other countries covered by Bodor,” said Grover Wickersham, chairman of S&W Seed Company. “We believe that Northern African markets represent a substantial opportunity in the coming years and we are delighted to be working with Driss Morabit and his experienced team in developing these opportunities.”
About S&W Seed Company
Founded in 1980 and headquartered in the Central Valley of California, S&W Seed Company is a leading producer of warm climate, high yield alfalfa seed varieties, including varieties that can thrive in poor, saline soils, as verified over decades of university-sponsored trials. S&W Seed also offers seed cleaning and processing at its 40-acre facility in Five Points, California and, in 2011, began the commercial launch of its California-based stevia business in response to the growing global demand for the all-natural, zero calorie sweetener from the food and beverage industry. For more information, please visit www.swseedco.com.
Safe Harbor Statement
This 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. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may,” “future,” “plan” or “planned,” “will” or “should,” “expected,” “anticipates,” “draft,” “eventually” or “projected.” 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, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors and other risks identified in the Company’s 10-K for the fiscal year ended June 30, 2011, and other filings made by the Company with the Securities and Exchange Commission.
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