CALGARY, Alberta, Nov. 1, 2013 (GLOBE NEWSWIRE) -- Mr. Dan Meikleham, Chairman of Urban Barns Foods Inc. (OTCQB:URBF) ("the Company" or "URBAN BARNS"), is pleased to announce that Mr. Ned Goodman has joined the Company's board of directors. In addition, Mr. Kevin Reed has agreed to step down to make room on the Company's five member board.
Mr. Goodman has over four decades of investment experience as a securities analyst, portfolio manager, and senior executive. He is director, President and Chief Executive Officer of Dundee Corporation. He has an established reputation as one Canada's most successful investment counselors, and is Chief Investment Officer of Dundee Corporation's investment fund management subsidiary, Goodman & Company, Investment Counsel Inc.
Mr. Goodman has a Bachelor of Science degree from McGill University and a Master of Business Administration from the University of Toronto. He earned the designation of Chartered Financial Analyst in 1967. In 1997, he was awarded a Doctorate of Laws, honoris causa, by Concordia University and is Chancellor of Brock University. Mr. Goodman is founder and benefactor of the Goodman Institute of Investment Management—a graduate school for investment management at Concordia University. In 2012, The Goodman Family Foundation established both the Goodman School of Business at Brock University and the Goodman School of Mines at Laurentian University in honour of Ned Goodman.
About Urban Barns Foods Inc.
Urban Barns uses patent pending proprietary equipment to produce affordable vegetables in a secure and controlled indoor environment. By setting up subsidiary facilities and growing locally, Urban Barns can focus on supplying any community, irrespective of the regional climate, effectively reducing shipping times and related spoilage costs. Urban Barns has the unique ability to scale and cater to the demands of all major communities. Our commitment to our consumers is reflected through our motto, "Purely Fresh, Naturally Tasty, and Completely Healthy". The websites www.urbanbarns.com and www.urbanbarnsfoods.com are registered trademarks and Cubic Farming and Cubic Agriculture are copyright of Urban Barns. All other company and product names mentioned are used only for identification purposes and may be trademarks or registered trademarks of their respective companies.
Forward-Looking Statements:
Except for historical information contained herein, the matters set forth above may be forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ from those in the forward-looking statements. Words such as "anticipate", "believe", "estimate", "expect", "intend" and similar expressions, as they relate to Urban Barns or its management, identify forward-looking statements. Such forward-looking statements are based on the current beliefs of management, as well as assumptions made by and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors such as the level of business and consumer spending, the amount of sales of Urban Barns' products, the competitive environment within the industry, the ability of Urban Barns to continue expanding its operations, the level of costs incurred in connection with Urban Barns' expansion efforts, economic conditions in the industry and the financial strength of Urban Barns' customers and suppliers. Urban Barns does not undertake any obligation to update such forward-looking statements. Investors are also directed to consider all other risks and uncertainties.
Urban Barns Foods Inc. Dan Meikleham, CEO Tel: 403 807 8263 Richard Groome, President Tel: 514 402 4405 www.urbanbarnsfoods.com
