Atlanta, Georgia
February 1,
2005
Nocera,
Inc. (OTC: NCRA)is pleased to announce the initial financial
results for its South American Subsidiaries of Noldicor, S.A. and
Sontemar, S.A. For the calendar year ended December 31, 2004 the
subsidiary of Noldicor had revenue of approximately $740,000 and the
Sontemar operations had revenue of approximately $2,000,000. The company
is very pleased with these results as both of these subsidiaries were
established in early 2004. The company expects to announce the results
of its Italian subsidiary, Felice Conserve, shortly.
About Nocera:
Nocera, Inc. is a diversified food processing company that operates
through its Italian subsidiary of
Felice Conserve and
its South American subsidiaries of Noldicor, S.A., and Sontemar, S.A.
Felice Conserve is the oldest of the major subsidiaries of the Company
and processes a variety of food products including tomatoes, peas,
beans, lentils, and peaches for sale and distribution throughout Europe
and Canada.
The wholly owned
subsidiary of
Noldicor,
S.A.
is the primary supplier of tomatoes and other raw vegetables for
processing to Sontemar, S.A. Established in early 2004 in order to take
advantage of a favorable investment climate in addition to a well
established and inexpensive labor pool, Noldicor finished 2004 with
first-year sales of approximately $1.8 million dollars. Rocco Fiorino,
the President of Nocera, has expressed confidence that Noldicor will
continue to see strong sales gains in 2005, the first full year of
production.
The wholly owned
subsidiary of Sontemar, S.A. is the processing factory of the company in
Montevideo, Uruguay from
which the fruits and vegetables are processed and canned for shipment
throughout South America. Currently the company is primarily shipping to
customers in Montevideo and Rio de Janeiro, with Supermarket Zona Sul
being one of the notable customers in Brazil. Sontemar, S.A. is
currently working on expanding its exports throughout
South America and increasing its shipments to the
United States, which
currently account for only a minor amount of its sales.
Company news release
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