Darford Reports Q1 2012 Financial Results

TSX Venture Exchange: "WUF.V"

VERNON, BC, Aug. 9, 2012 /CNW/ - Darford International Inc. ("Darford"), today released its financial results for the three months ended June 30, 2012.

Darford's total revenues for the three months ended June 30, 2012 were $1,454,478 compared to $2,050,826 for the three months ended June 30, 2011. The net loss for the three months ended June 30, 2012 was $577,687 compared to a net loss of $229,799 for the three months ended June 30, 2011.

"During the first quarter the Company implemented significant cost reductions relating to the sales, marketing and general and administrative expenditures. There were also a  number of one-time costs that impacted the quarterly results including the temporary shutdown of the Ohio facility. We are actively seeking new business that will hopefully allow this facility to re-open, in the interim it will be mothballed at minimal expense to the company.   The Company is now re-focusing it's efforts on the core treat line and working to improve it's margins as it regains efficiencies from operating one plant at more optimal levels." Darford President and CEO, Darcy Bomford.

Darford markets and manufactures treats and food for dogs under its own Darford^® brand name in Canada and in the United States. Darford also contract manufactures products for well known North American brands.

Management's Discussion and Analysis, unaudited financial statements and accompanying notes of Darford International Inc. for the three months ended June 30, 2012, are available on the Canadian Securities Administrator's website at www.sedar.com.

Forward Looking Statements

Statements contained in this press release, which are not based on historical fact, including without limitation, statements containing the words "may", "will", "plans", "intends", "expects", "anticipates", "believes", "estimate", "continue" and similar expressions, constitute "forward looking information" within the meaning of applicable Canadian securities laws. Forward looking statements contained in this document may involve, but are not limited to, statements relating to the Company's objectives, priorities, strategies, actions, targets, expectations and outlook. Forward looking statements are necessarily based upon assumptions and predictions with respect to the future, including but not limited to, the factors referred to below. As a result, forward looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, events or developments to be materially different from any future results, events or developments expressed or implied thereby. These risks, uncertainties and other factors include, but are not limited to, changes in the pet products industry and external market factors. In light of these uncertainties, assumptions and risks, readers are cautioned not to place undue reliance on such forward looking statements. Except as required by law, the Company assumes no obligation to update or revise forward looking information to reflect later events or developments.

For more information please visit www.darford.com and www.ilovealldogs.org.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. The TSX Venture Exchange Inc. has neither approved nor disapproved the contents of this news release.

SOURCE: Darford International Inc.

Allen Szeliga
Chief Financial Officer
Darford International Inc.
[phone]
[email protected]