Where Food Comes From, Inc. Enters Seafood Space with Acquisition of Postelsia Holdings Ltd., a Leading Provider of Environmental and Social Sustainability Programs for the Seafood Value Chain

CASTLE ROCK, Colo., March 04, 2020 (GLOBE NEWSWIRE) -- Where Food Comes From, Inc. (WFCF) (OTCQB: WFCF), the most trusted resource for independent, third-party verification of food production practices in North America, today announced it has acquired all of the stock of privately held Postelsia Holdings Ltd. (“Postelsia”).

Postelsia ( ), based in Victoria, British Columbia, is a leader in the emerging field of environmental and social sustainability programs for the seafood industry. The Company will operate as a wholly owned subsidiary of Where Food Comes From, Inc., under the direction of its co-founders Corey and Laura Peet.

Postelsia provides a range of programs and consulting services designed to improve and promote inclusive sustainability practices in seafood supply chains in order to manage risks to buyers associated with environmental impact and worker abuse and also to help maximize value for the producers themselves. The Company has a diverse set of customers that spans the supply chain, including producers, retailers, consumers, restaurants and other entities. The Company also advises the James Beard Foundation Smart Catch program ( ), an educational sustainable seafood initiative created by chefs for chefs with the purpose of increasing the sustainability of the seafood supply chain.

“This is a significant acquisition for Where Food Comes From in that seafood was the only major food sector where we did not have a presence,” said John Saunders, Chairman and CEO of Where Food Comes From, Inc. “In addition to rounding out our solutions portfolio, Postelsia strengthens our leadership position in the protein space and extends our geographical reach. Postelsia was an early innovator in the space and is leading a variety of important initiatives, with a particular emphasis on the shrimp industry. Our goal is to help Postelsia expand its customer base and build out sustainability programs around the world.”

Corey Peet, founder of Postelsia, added, “We are excited to become part of the Where Food Comes From family – a move we believe can help take our business to the next level. At Postelsia, we believe that improvements in seafood need to foster equity and shared value across the supply chain. In creating these innovative solutions with producers, we aim to connect our projects to consumers, retailers and chefs who have a strong commitment to responsibly produced seafood.”

About Where Food Comes From, Inc.

Where Food Comes From, Inc. is America’s trusted resource for third party verification of food production practices. Through proprietary technology and patented business processes, the Company supports more than 15,000 farmers, ranchers, vineyards, wineries, processors, retailers, distributors, trade associations, consumer brands and restaurants with a wide variety of value-added services. Through its IMI Global, International Certification Services, Validus Verification Services, SureHarvest, Postelsia, A Bee Organic and Sterling Solutions units, Where Food Comes From solutions are used to verify food claims, optimize production practices and enable food supply chains with analytics and data driven insights. In addition, the Company’s Where Food Comes From® retail and restaurant labeling program uses web-based customer education tools to connect consumers to the sources of the food they purchase, increasing meaningful consumer engagement for our clients. 

CAUTIONARY STATEMENT

This news release contains "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, based on current expectations, estimates and projections that are subject to risk. Forward-looking statements are inherently uncertain, and actual events could differ materially from the Company’s predictions. Important factors that could cause actual events to vary from predictions include those discussed in our SEC filings. Specifically, statements in this news release about industry leadership and demand for, and impact and efficacy of, the Company’s products and services on the marketplace; and expectations of Postelsia’s business growth are forward-looking statements that are subject to a variety of factors, including availability of capital, personnel and other resources; competition; governmental regulation of the agricultural industry; the market for beef and other commodities; and other factors. Readers should not place undue reliance on these forward-looking statements. The Company assumes no obligation to update forward-looking statements to reflect new information or developments. For a more extensive discussion of the Company’s business, please refer to the Company’s SEC filings at .

Company Contacts:

John Saunders

Chief Executive Officer

303-895-3002

Jay Pfeiffer

303-880-9000