"Now that we are fully independent, we finally have the freedom to create our own identity and become more active in pursuing growth opportunities," explained Verus CEO Anshu Bhatnagar. "This contract represents new business (not in our current backlog) and is just the start of the kind of recurring orders that are available to us with the right financing. In this case, we can rely on the LC to minimize our need for funds, while still generating significant revenue."

In addition to these staples, the Company is also pleased to announce that its roadmap over the next several quarters will involve a number of significant product initiatives, including:

The introduction of six Verus-owned brands -- in the Italian foods, Middle Eastern and American food categories; and energy, fruit, and coconut lines in the beverage space
Planned line extensions in beverages
New retail and snack food product families in areas such as mixed nuts, olive oil and condiments
These initiatives are part of a long-term goal to consistently add products in order to create a robust presence throughout the food supply chain in our target markets.