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POH   2010-03-08   (provided courtesy of Marketwire.)
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Planet Organic Health Corp.: Corporate Update


EDMONTON, ALBERTA--(Marketwire - March 8, 2010) - Planet Organic Health 
Corp (TSX VENTURE:POH), Darren Krissie, Executive Vice President of Planet 
Organic Health Corp. ("Planet Organic"), announces that Mark Craft, Michael 
J. Arougheti, Daniel G. Katz and David D. Heighington have resigned from 
the board of directors. Planet Organic wishes to express its thanks to each 
of Mr. Craft, Mr. Arougheti, Mr. Katz and Mr. Heighington for their 
services to the company. Mr. Krissie, Ian Newton and Brent Knudsen remain 
as the current board of directors.

Shareholders are reminded that the Corporation is currently operating in 
default under its credit facilities and accordingly the lenders have the 
legal right to demand repayment of all indebtedness and enforce their 
security over all of the Corporation's assets. To date to the Corporation 
has not been successful in arranging financing from other sources to meet 
its debt obligations to the lenders. The Corporation is reviewing all 
financing options in order to eliminate its aggregate debt load.

ABOUT PLANET ORGANIC

Planet Organic Health Corp. (TSX VENTURE:POH) is a natural products 
industry company, comprising manufacturing, distribution and retail. Planet 
Organic is listed on the TSX Venture Exchange as a Tier One company. Planet 
Organic operates nine natural food supermarkets throughout Canada under the 
Planet Organic Market banner and eleven natural food supermarkets in the 
U.S. under the Mrs Green's Natural Markets banner. Another Planet Organic 
division, Trophic Canada, is the country's leading manufacturer of natural 
supplements. The Company has a total of nine stores throughout Canada and 
eleven in the U.S.

Forward-Looking Statements

Certain information included herein is forward-looking. Forward-looking 
statements include, without limitation, statements regarding the future 
financial position, business strategy, budgets, projected costs, capital 
expenditures, financial results, taxes and plans and objectives of or 
involving Planet. Many of these statements can be identified by looking for 
words such as "believe", "expects", "expected", "will", "intends", 
"projects", "anticipates", "estimates", "continues", or similar words and 
include but are not limited to, statements regarding the accretive effects 
of the acquisition and the anticipated results and expected benefits of the 
acquisition upon closing thereof. Planet Organic believes the expectations 
reflected in such forward-looking statements are reasonable but no 
assurance can be given that these expectations will prove to be correct and 
such forward-looking statements should not be unduly relied upon. 
Forward-looking statements are not guarantees of future performance and 
involve a number of risks and uncertainties some of which are described in 
Planet Organic's continuous disclosure documents. Such forward-looking 
statements necessarily involve known and unknown risks and uncertainties 
and other factors, which may cause Planet Organic's actual performance and 
financial results in future periods to differ materially from any 
projections of future performance or results expressed or implied by such 
forward-looking statements. Such factors include, but are not limited to: 
general economic, market and business conditions; industry capacity; 
competitive action by other companies; refining and marketing margins; the 
ability of suppliers to meet commitments; actions by governmental 
authorities including increases in taxes; changes in environmental and 
other regulations; and other factors, many of which are beyond the control 
of Planet Organic. Any forward-looking statements are made as of the date 
hereof and Planet Organic does not undertake any obligation, except as 
required under applicable law, to publicly update or revise such statements 
to reflect new information, subsequent or otherwise.


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FOR FURTHER INFORMATION PLEASE CONTACT:

Planet Organic Health Corp.
Darren Krissie
Executive VP, Business Development
(780) 719-4667

TSX Venture Exchange nor its Regulation Services Provider (as that term is 
defined in the policies of the TSX Venture Exchange) accepts responsibility 
for the adequacy or accuracy of this release.

 

 

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