Amala Foods PLC Operational Update (5488A)
02 June 2021 - 4:00PM
UK Regulatory
TIDMDISH
RNS Number : 5488A
Amala Foods PLC
02 June 2021
Amala Foods Plc
( " BigDish " or the " Company")
Operational Update
Amala Foods Plc (LON: DISH), a food technology company, is
pleased to announce an Operational Update.
Highlights:
-- Joint Venure Company has been formed
-- Product development goals remain on target
-- New additions to the management team
-- New website, eatAmala.com is under development
The Company announced previously on 22 March 2021 an update on
the formation of a Joint Venture Company ("JVC"), Amala Foods Inc.
The Securities and Exchange Commission (SEC) approved the formation
on 27 May 2021. The Company owns a 70% stake in the JVC with Archie
Rodriguez owning 30%.
Mr Rodriguez has over 20 years' experience in the food and
beverage industry in Asia and achieved a successful exit from a
restaurant group that he founded that operated multi-brand master
franchises for some of the world's
largest casual dining brands.
The Company announced previously on 25 February 2021 the
objectives over the initial six-month period. The Company is
pleased to report that it remains on target to achieve those
objectives that were announced, specifically the development of up
to six commercially ready plant-based products.
Substantial progress has been made on product development;
branding and packaging; and product distribution over the past few
months despite having to navigate Covid-19 related restrictions and
a second lockdown in Metro Manila and whilst waiting for the
approval of the SEC.
New additions to the Management Team
Ron Lopez Davis recently joined the team as Director of Product
Innovation. Ron is a classically trained Chef De Cuisine with over
20 years of restaurant and catering experience. He has worked in
corporate and private catering at restaurants in New York City, San
Francisco, Seattle and Palo Alto. Ron's experience includes working
alongside renowned chefs such as Jacques Pepin, Jeremiah Tower,
Hubert Keller, Gary Danko, and Thomas Keller.
Ignacio Ugarte has joined the team as Brand Manager. Mr Ugarte
has over 20 years of advertising and branding experience. He has
worked as creative director in several top agencies in San
Francisco, Barcelona and founded his own branding agency in the
Philippines which has helped local brands break into international
markets as well as creating original concepts for restaurants and
consumer products. He is also co-founder of a local travel and
adventure magazine.
The plant -based food sector is growing exponentially within
Asia and the Company believes that it is in the right place at the
right time to capitalise on the opportunity.
The Company is developing a new website, eatAmala.com. This is
expected to be completed next month.
Enquiries:
Jonathan Morley-Kirk, Non-Executive jmk@bigdish.com
Chairman
Note to Editors:
The word Amala is derived from Sanskrit meaning " clean, pure
".
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END
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