Docstoc

Edmonton_ Alberta

Document Sample
Edmonton_ Alberta Powered By Docstoc
					Edmonton, Alberta
October 29, 2009

Planet Organic Health Corp (TSX Venture Exchange – “POH”), Darren Krissie, Executive Vice President of
Planet Organic Health Corp., (the “Corporation”) announces that the Corporation will not be proceeding with
the issuance of bonus shares to Ares Capital Corporation as previously announced in a press release dated
September 23, 2009.

Shareholders are reminded that the Corporation is currently operating under a 60 day forbearance period which
expires on November 30, 2009 and the lenders have the legal right to demand repayment of all indebtedness and
enforce their security over all of the Corporation’s assets at the end of the forbearance period if the Corporation
fails to renegotiate the terms of the loans or arrange financing from other sources to meet its debt obligations to
the lenders.

The Corporation also announces the resignation of Ashok Bhasin as a member of the board of directors of the
Corporation. Management and the board of directors express their appreciation to Mr. Bhasin for his nine years
of dedicated service and valuable contributions to the growth of the Corporation since its inception and wish
him well in his future endeavors.


ABOUT PLANET ORGANIC

Planet Organic Health Corp. is a natural products industry company, comprising manufacturing and retail.
Planet is listed on the TSX Venture Exchange as a Tier One company. Planet operates ten natural food
supermarkets throughout Canada under the Planet Organic Market banner and eleven natural food supermarkets
in the U.S. under the Mrs Green's Natural Markets banner. The Company also operates 43 natural health outlets
under the Sangster's Health Centre banner and seven natural health outlets under the Healthy's (Planet Organic
Living) banner. Another Planet Organic company, Trophic Canada is the country's leading manufacturer of
natural supplements. The Company has a total of 60 stores throughout Canada and 11 in the U.S.

TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information:

Planet Organic Health Corp.
Darren Krissie, Executive VP, Business Development
Phone: (780) 719-4667

Forward-Looking Statements
Certain information included herein is forward-looking. Forward-looking statements include, without limitation, statements
regarding the future financial position, business strategy, budgets, projected costs, capital expenditures, financial results,
taxes and plans and objectives of or involving Planet. Many of these statements can be identified by looking for words such
as “believe”, “expects”, “expected”, “will”, “intends”, “projects”, “anticipates”, “estimates”, “continues”, or similar words
and include but are not limited to, statements regarding the accretive effects of the acquisition and the anticipated results
and expected benefits of the acquisition upon closing thereof. Planet Organic believes the expectations reflected in such
forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct
and such forward-looking statements should not be unduly relied upon. Forward-looking statements are not guarantees of
future performance and involve a number of risks and uncertainties some of which are described in Planet Organic’s
continuous disclosure documents. Such forward-looking statements necessarily involve known and unknown risks and
uncertainties and other factors, which may cause Planet Organic’s actual performance and financial results in future periods
to differ materially from any projections of future performance or results expressed or implied by such forward-looking
statements. Such factors include, but are not limited to: general economic, market and business conditions; industry
capacity; competitive action by other companies; refining and marketing margins; the ability of suppliers to meet
commitments; actions by governmental authorities including increases in taxes; changes in environmental and other
regulations; and other factors, many of which are beyond the control of Planet Organic. Any forward-looking statements
are made as of the date hereof and Planet Organic does not undertake any obligation, except as required under applicable
law, to publicly update or revise such statements to reflect new information, subsequent or otherwise.




                                                        2

				
DOCUMENT INFO