Bevo Agro Inc.

COMPANY DATAINTRODUCTION | CORPORATE OVERVIEW | BEVO PRODUCTS
 PRODUCTION PROCESS | RESEARCH & DEVELOPMENT | MANAGEMENT 
CORPORATE STRENGTHS | FINANCIAL HIGHLIGHTS | NEWS UPDATE | CHINESE

Address:  7170 Glover Road
Langley, BC
Canada V0X 1T0
Tel No.:  (604) 888-0420 
Fax No.: (604) 888-8048
Investor Relations Toll Free No.: www.bevoagro.com 
Web Site:  info@bevofarms.com 
Contact Person: Jack Benne
Position:  President

COMPANY DATA

Traded Market:  TSX Venture 
Traded Symbol: BVO 
Outstanding Shares:  22,347,141 
Public Float:   management owns 14,739,000 shares 
52 Week High: $ 0.79  
52 Week Low:  $ 0.29 
Present Price: Click Here 

INTRODUCTION

Bevo Agro Inc. is North America's leading supplier of propagated agricultural / horticultural plants by growing and distributing well rooted, healthy plants to client growers in Canada, the United States and Mexico through a repeat and growing market of replacing plants throughout North America.

Bevo's sales and propagation space have doubled every 2-3 years. The propagation facility in Langley, British Columbia, Canada has grown from 2.5 acres started in 1998 to 22.5 acres in 2002.

  • 1993 expanded to 3.0 acres

  • 1996 expanded to 5.5 acres

  • 1998 expanded to 10.5 acres

  • 2000 expanded to 17 acres (December 2000)

  • 2001 expanded to 22.5 acres (December 2001)

  • 2003 expanded to 33 acres (December 2003)

CORPORATE OVERVIEW

  • Bevo is North America's leading supplier of propagated agricultural / horticultural plants.

  • Bevo grows and distributes well rooted, healthy plants to clients growers in Canada, the United States and Mexico from a 33 acre facility in Langley, British Columbia, Canada.

  • While popular in Europe, there are no other pure propagation providers in North America.

  • Bevo has established a reputation as a "top of the line" supplier of propagated plants.

  • Consumer driven demand for top quality vegetable and flower products has been integral to Bevo's success.

  • The international growth of the greenhouse industry directly reflects on the demand for additional propagation plants since each one acre of new greenhouses requires several thousand propagated plants annually.

BEVO PRODUCTS

  • The main products consist of vegetable plant including tomatoes, cucumbers, peppers, etc.

  • A major supplier of bedding plants and flowers to North American wholesalers.

  • Bevo has propagated many type of plants including cranberries, trees and grasses.

PRODUCTION PROCESS

  • The propagation process is simple yet highly mechanized. Propagation plants tend to be client specific and individually identifiable.

  • Various pieces of machinery, a selected combination of peat or rockwool with liquid fertilizers are the basic ingredients for propagation.

  • The selected seed is then automatically inserted into the mixture which is packaged in trays. These trays are moved into the greenhouse propagation area, with the temperature, moisture, fertilizer requirements, etc. constantly monitored and adjusted through computers.

  • These controlled and accelerated growth cycles enables a healthy, disease free plant to be delivered to the customers request.

  • Separate zones within the propagation greenhouse allows for different stages of propagation to be done simultaneously under stringent controlled conditions.

RESEARCH & DEVELOPMENT

  • Perfected grafting procedure which combines the best root structure with the best flower to provide customers with a higher quality and better producing plant.

  • Developed a site specific system for the production of grafted and twin headed plants.

  • Biometric clocking system allocates costs and monitors labour.

MANAGEMENT

Bevo Agro Inc. has a strong management team with experience in different areas.

Jack Benne, President and Chief Executive Officer
Mr. Benne, a graduate of the Netherlands' Agricultural College, designed, built and operated a 10,000 sq.m greenhouse, one of Holland's most successful operations. In 1987, based in British Columbia's fertile Fraser Valley, he established Bevo Farms, forerunner of Bevo Agro Inc. Combining his traditional Dutch training with advanced technology, he made Bevo Agro North America's leading supplier of propagated plants.

Don Fairholm, Chief Financial Officer
Mr. Fairholm is a partner with Fairholm & Co., a chartered accountancy firm. Mr. Fairholm is a Chartered Accountant and Certified Management Consultant who has consulted to Bevo since inception.

Leo Benne, Vice President & General Manager
Mr. Benne gained advanced knowledge of modern horticultural methods at Rijks Middlebare Tuinbouwscholl in Holland. With extensive experience in the application of computer technology to the production of healthy, high-yield plants, he has been a key figure in the development of Bevo Agro. Mr. Benne is a hands on vice-president, overseeing every stage of the Company's operations, from planting to shipping.

Wayne Green, Director
Over the past quarter century, Mr. Green has provided consultations to numerous corporations and financial institutions. Prior to entering private practice, Mr. Green was a senior banking executive. He has used his financial expertise to assist private and public companies in a diversity of fields in business development, strategic planning, financing alternatives, restructuring, mergers and acquisitions.

Timothy F. Dwane, Director
Mr. Dwane is President of Ideon Investments Ltd., a private investment company. As CEO of Crown Packaging Ltd., he was instrumental in building and managing Crown through strategic acquisitions to becoming a fully integrated paper packaging manufacture in Western Canada and USA with revenues exceeding a quarter billion dollars. As a founder and CEO of Top Producer Systems Inc. became the leading real-estate software company in North America under his direction.

David Eisler, Director
Mr. Eisler is a Partner with Banyan Capital Partners, an institutionally backed growth capital firm headquartered in Vancouver, B.C. Prior to Banyan, Mr. Eisler worked in investment banking with a major investment bank in Canada. He also worked for several years at a high growth, private technology company in Eastern Canada. Mr. Eisler has a degree in Engineering from Queen's University, a MBA from the University of British Columbia and is a Professional Engineer. He also serves on the board of DTI Dental Technologies Inc.

CORPORATE STRENGTHS

  • A repeat and growing market of replacing plants throughout North America.

  • Minimal competition in North America.

  • An excellent reputation based on performance and quality.

  • Strong, dedicated, proven management with a diverse and knowledgeable Board.

  • A reputation as a "top of the line" supplier of quality propagated plants.

  • Innovative technology - facilities and products, i.e. grafted tomato plants.

  • Propagation serves to accelerate growth cycles and increase growers' revenues and quality.

FINANCIAL HIGHLIGHTS

Year ending June 1998 1999 2000 2001 2002 2003
Revenues in $000 $ 3,790 $ 7,038 $10,094 $12,022 $13,584 $20,073
Gross Profit in $000 $ 1,238 $ 2,367 $ 3,628 $ 3,189 $ 4,149 $ 7,222
Earnings before IncomeTaxes $ 128 $ 207 $ 302 $ 869 $ 1,301 $ 2,990
Net Earnings after taxes $ 128 $ 162 $ 315 $ 533 $ 601 $ 1,905
EDITDA $ 825 $ 1,802 $ 1,833 $ 2,590 $ 2,621 $ 5,388
Total Cash Flow $ 510  $ 871 $ 1,109 $ 1,346 $ 1,456 $ 4,086

NEWS UPDATE

On November 09, 2004, Jack Benne, President of Bevo Agro Inc. announced the appointment of Mr. Harri Jansson to Bevo's Board of Directors. Mr. Jansson has also been appointed to the Company's Audit, Corporate Governance and Compensation Committee. Mr. Jansson is a Vancouver businessman and was formerly CEO of Coast Capital Savings, Canada's second largest credit union. A career banker, he retired from the Bank of Montreal as Executive Vice President in 1998. Mr. Jansson is active in the Vancouver community having served as Chairman of the Vancouver Board of Trade, as well as Chairman of the UBC and VGH Foundation.

 

Disclaimer

Copyright (c) 2000 - 2003 Chinese Investment Club Inc.
All Right Reserved. Do not duplicate or redistributed in any form.
版權所有, 未經同意, 不得以任何形式轉載或翻印