For Immediate Release
|Robert Blum, Joe Dorame, Joe Diaz
Lytham Partners, LLC
Chief Financial Officer
S&W Seed Company
SACRAMENTO, California – April 4, 2019
S&W Seed Company (Nasdaq: SANW) has announced the appointment of international sorghum and seed specialist Rodney Coe to the newly-created role of International Sorghum Business Manager. Coe will support S&W’s expansion of its sorghum and alfalfa businesses throughout the world, with particular emphasis on the sale of S&W’s products in the Asia-Pacific region.
A lifetime career seedsman, Coe joins the company most recently from Chromatin, a U.S. sorghum company recently acquired by S&W, where he was responsible for product and market development in Asia, Australia, and Africa.
Mark Wong, Chief Executive Officer of S&W Seed Company, commented, “S&W Seed Company is committed to developing best in class hybrids and varieties across a platform of forage and specialty crop products that meet the needs of farmers around the world. We believe that our expansion into sorghum creates an opportunity for us to sell multiple crops to the same end customers and become a single source of excellence in key premium seed varieties and hybrids. The creation of this position, and Rodney’s appointment, is another step in S&W’s expansion strategy as we look to leverage the many benefits that the newly combined S&W allows for.”
“I’m delighted to join S&W’s capable and passionate team,” said Mr. Coe. “The scale and scope of the opportunities S&W is focused on encompass world class new seed solutions for Asian producers as well as substantial new international markets. These are exciting times for all agriculturalists everywhere.”
David Callachor, S&W’s Australian-based Executive Vice President – International, commented, “Rodney’s appointment underscores S&W’s move to translate its core proficiencies in high-end alfalfa, or lucernes, into a full-featured seed range offering including sunflower, grain and forage sorghums. Rodney has his feet on the ground in many of the world’s key agricultural marketplaces, and his product knowledge is outstanding. We expect the benefits of his work in improving sorghum quality, performance and yield to be felt by all S&W producers, in Asia and abroad.”
About S&W Seed Company
Founded in 1980, S&W Seed Company is a global agricultural company headquartered in Sacramento, California. S&W’s vision is to be the world’s preferred proprietary seed Company which supplies a range of forage and specialty crop products that supports the growing global demand for animal proteins and healthier consumer diets. S&W is a global leader in alfalfa seed and sorghum hybrid, with significant research and development, production and distribution capabilities. S&W also provides hybrid sunflower and is utilizing its research and breeding expertise to develop and produce stevia, the all-natural, zero calorie sweetener for the food and beverage industry. S&W manages its non-U.S. operations from its Australian facilities in Keith, South Australia, and Toowoomba, Queensland. For more information, please visit www.swseedco.com.
Safe Harbor Statement
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may,” “future,” “plan” or “planned,” “will” or “should,” “expected,” “anticipates,” “draft,” “eventually” or “projected.” Forward-looking statements in this release include, but are not limited to, statements concerning the opportunities created by our expansion into sorghum, the benefits of creating the International Sorghum Business Manager position, the impact of Mr. Coe’s appointment to fill such position, including with respect to improvements to the quality, performance and yield of our sorghum, and the advancement of our strategic initiatives. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risk that actual results may differ materially from those projected in the forward-looking statements and risks associated with our ability to successfully commercialize, optimize and commercialize our business. These and other risks are identified in our filings with the Securities and Exchange Commission, including without limitation our Annual Report on Form 10-K for the year ended June 30, 2018, and in our other filings subsequently made with the Securities and Exchange Commission. All forward-looking statements contained in this press release speak only as of the date on which they were made. We do not undertake any obligation to publicly update any forward-looking statements, whether as a result of the receipt of new information, the occurrence of future events or otherwise.