AGI Announces Formation of Strategic Review Committee

WINNIPEG, Manitoba--(BUSINESS WIRE)--Ag Growth International Inc. (TSX: AFN) (“AGI” or the “Company”) announces that its Board of Directors has established a Strategic Review Committee (the “SRC”) to oversee a formal review of strategic alternatives available to the Company to maximize shareholder value. The SRC is comprised of Gary Anderson (Chair), George Armoyan and Mick MacBean, all of whom serve as independent directors of AGI.

To support this review process, AGI will engage financial and legal advisors as appropriate. There can be no assurance that this strategic review process will result in any transactions or other outcomes. AGI does not intend to comment further on the process unless or until it determines that disclosure is appropriate or required.

AGI Company Profile

AGI is a provider of the equipment and solutions required to support the efficient storage, transport, and processing of food globally. AGI has manufacturing facilities in Canada, the United States, Brazil, India, France, and Italy and distributes its product worldwide.

Forward-Looking Statements

This news release contains forward-looking statements and information within the meaning of applicable Canadian securities laws. Forward-looking statements reflect management’s current expectations and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant risks and uncertainties. AGI undertakes no obligation to update or revise any forward-looking statements except as required by law. Readers are cautioned not to put undue reliance on forward-looking statements.

The TSX has neither approved nor disapproved of the information contained herein.