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Green Mountain Coffee Releases First Sustainability Report

Green Mountain Coffee Roasters, Inc. (NASDAQ: GMCR) has released its first corporate social responsibility report, “From Understanding to Action,” outlining the Company’s economic, environmental and social performance for Fiscal Year 2005. “Producing our first external corporate social responsibility report helped us understand ourselves better and inspired us to undertake new challenges,” said Robert Stiller, President and CEO of Green Mountain Coffee Roasters, Inc. In the report, the Company unveils its goal of achieving 35% Fair Trade Certified(TM) coffee sales, as a percentage of total coffee pounds shipped, by Fiscal Year 2008. Green Mountain Coffee Roasters offers one of the broadest selections of double-certified, Fair Trade organic coffees in the country. The report also announces the Company offset 100% of its direct greenhouse gas emissions by purchasing carbon offsets. Other highlights of Fiscal Year 2005 included a record year of employee volunteerism and the establishment of a Livable Wage for 100% of the Company’s full-time employees. The report was prepared in accordance with the 2002 Global Reporting Initiative Guidelines. As the first U.S. coffee company to join the UN Global Compact, Green Mountain Coffee Roasters has aligned its work with the UN Millennium Development Goals, specifically focusing on eradicating extreme poverty […]

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United Natural Foods Extends Long-Term Partnership With Whole Foods

United Natural Foods, Inc. (Nasdaq: UNFI) has entered into a new seven year contract with Whole Foods Market Distribution, Inc., a wholly owned subsidiary of Whole Foods Market, Inc. (Nasdaq: WFMI). United Natural Foods will continue to serve as the primary wholesale natural grocery distributor to Whole Foods Market in its United States regions where United Natural Foods currently serves as the primary distributor. This new agreement replaces an existing three-year primary distribution agreement that was scheduled to expire December 31, 2007. Walter Robb, Co-President and Co-Chief Operating Officer of Whole Foods Market, commented, “This seven-year agreement will allow us to concentrate our capital investment and resources on aggressively expanding our store base. Having United Natural Foods as a distribution partner is an important element of our growth strategy and we look forward to building and enhancing the strategic partnership between the two companies.” Michael Funk, United Natural Foods’ President and Chief Executive Officer, commented, “Having secured Whole Foods Market’s long-term commitment in utilizing United Natural Foods as its primary natural grocery distributor, we will be able to continue to invest in our infrastructure to provide scalability as well as the necessary support to meet their growth needs as well […]

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SunOpta Files Shelf Prospectus

SunOpta Inc. (Nasdaq:STKL; TSX:SOY) filed a $100 million shelf prospectus with the Securities Exchange Commission (SEC), giving it the ability to issue senior debt securities, subordinated debt securities, special shares, warrants to purchase common shares and common shares of SunOpta Inc.. The shelf prospectus reinstates a similar prospectus filed in 2003, which had expired. About SunOpta Inc. SunOpta Inc. is an operator of high-growth ethical businesses, focusing on integrated business models in the natural and organic food markets. The Company has three business units: the SunOpta Food Group, which specializes in sourcing, processing and distribution of natural and organic food products integrated from seed through packaged products; the Opta Minerals Group, a producer, distributor, and recycler of environmentally friendly industrial materials; and the SunOpta BioProcess Group which engineers and markets proprietary steam explosion technology systems for the pulp, bio-fuel and food processing industries.

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Millennium Cell Gets $2.5 Million in 2007 Defense Bill

Millennium Cell Inc. (NASDAQ: MCEL), a leading developer of hydrogen battery technology, announced that the Company’s soldier power program has been allocated $2.5 million of funding in the fiscal year 2007 Defense Appropriations Bill. Under the bill, the U.S. Air Force funded soldier power program will receive a second consecutive year of funding for advanced fuel cartridge development with a goal to reach aggressive energy density targets which cannot be met with traditional battery chemistries. The 2006 Defense Bill provided approximately $1.7 million in total funding, which resulted in the delivery of Protonex Technology Corporation’s 30-watt portable soldier power system (the “P2”) for evaluation to the U.S. Air Force in May of this year. New technology developed under the 2007 funding will result in higher energy density fuel cartridges for products from the Company’s licensees including the P2 from Protonex and the IFS24 Special Operations Command radio fuel cell system from Jadoo Power Systems. About Millennium Cell Millennium Cell develops hydrogen battery technology through a patented chemical process that safely stores and delivers hydrogen energy to power portable devices. The borohydride-based technology can be scaled to fit any application requiring high energy density for a long run time in a […]

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