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Amira Nature Foods Ltd Announces New Distribution Win with Cost Plus World Market Stores

Amira Branded Products Now Available in Cost Plus World Market, a Leading Specialty Retail Store with more than 250 Locations in the United States

DUBAI, United Arab Emirates--(BUSINESS WIRE)--Mar. 23, 2016-- Amira Nature Foods Ltd (NYSE: ANFI), a leading global provider of branded packaged Indian specialty rice, announced today that its Amira branded products will now be available in Cost Plus World Market stores across the United States.

Cost Plus World Market, a subsidiary of Bed Bath & Beyond Inc, sells a wide variety of goods that are imported from more than 50 countries around the world. Headquartered in Oakland, California, the chain operates more than 250 stores in over 30 states across the U.S. The nationwide retailer will carry two SKUs of Amira branded products in its stores: Amira Natural Brown Basmati Rice and Amira Smoked Basmati Rice.

“We are excited to expand our distribution in the United States with the addition of Cost Plus World Market stores,” said Karan A Chanana, Chairman of Amira Nature Foods Ltd. “We are working to expand the Amira brand across the country, and the addition of Cost Plus with its focus on goods from around the world and international food products is a perfect fit for our Amira branded rice products.”

About Amira Nature Foods Ltd

Founded in 1915, Amira has evolved into a leading global provider of branded packaged Indian specialty rice and other products, with sales in more than 60 countries around the world. The Company primarily sells Basmati rice, which is a premium long-grain rice grown only in certain regions of the Indian sub-continent, under its flagship Amira brand as well as under other third party brands. Amira sells its products through a broad distribution network in both the developed and emerging markets. The Company’s global headquarters are in Dubai, United Arab Emirates, and it also has offices in India, Malaysia, Singapore, Germany, the United Kingdom, and the United States. Amira Nature Foods Ltd is listed on the New York Stock Exchange (NYSE) under the ticker symbol “ANFI.”

For more information, please visit www.amira.net.

Safe Harbor for Forward-Looking Statements

This press release contains statements of a forward-looking nature. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by words or phrases such as “may,” “will,” “except,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “future” or other similar expressions. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. There is no assurance that our current expectations and projections are accurate. These forward-looking statements include, but are not limited to:

  • our goals and strategies;
  • our expansion plans;
  • our future business development, results of operations, financial condition and audited financial statements;
  • our ability to protect our intellectual property rights;
  • projected revenue, EBITDA, adjusted EBITDA, profits, adjusted profits, earnings, adjusted earnings and other estimated financial information;
  • our ability to maintain strong relationships with our customers and suppliers;
  • the continued application of the proceeds from our initial public offering (“IPO”);
  • governmental policies regarding our industry; and
  • the impact of legal proceedings.

You should not place undue reliance on forward-looking statements and you should read these statements in conjunction with the risk factors disclosed in “Risk Factors” appearing in Amira’s Annual Reports found on the SEC’s website located at www.sec.gov. Those risks are not exhaustive. We operate in a rapidly evolving environment. New risk factors emerge from time to time, and it is impossible for our management to predict all risk factors, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ from those contained in any forward-looking statement. We do not undertake any obligation to update or revise the forward-looking statements except as required under applicable law.

Source: Amira Nature Foods Ltd

For Investor Inquiries:
Amira Nature Foods Ltd
Bruce Wacha, 646-779-1984
Chief Financial Officer
bruce.wacha@theamiragroup.com



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