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Wednesday, 11/29/2017 12:37:27 AM

Wednesday, November 29, 2017 12:37:27 AM

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Romana Food Brands Corp, Formerly Blackbird International, Enters the $98 billion Canadian Food Processing Sector

PR Newswire

OAKVILLE, ON, Nov. 27, 2017

Company Pivots to Build Footprint in Food Production Industry with Acquisition of Pasta Romana

OAKVILLE, ON, Nov. 27, 2017 /PRNewswire/ - Romana Food Brands Corp (OTC Pink: RFBC), formerly Blackbird International is pleased to announce a corporate shift in focus with the acquisition of Pasta Romana. Due to the current advantageous nature of the Canadian food processing market, management has resolved to establish a position in industry, enabling the Company to capitalize on this profitable and thriving sector.

Founded in 1996, Pasta Romana has become recognized for its classic Italian cuisine and authentic dishes derived from top quality ingredients. The Company also manufactures privately branded products, many of which are served in Montréal's most respected restaurants. Pasta Romana's product line includes fresh pasta, fresh filled pastas, tasty sauces & robust pestos.

Due to the sheer volume Romana has created over the past couple decades, the establishment of a comprehensive food quality system has been foundational in maintaining the consistent integrity of excellent product quality. As a result of management's constant pursuit of excellence, Current production capacity reaches 2000 kg. in pasta and 1,000 litres of sauce per hour, produced in facilities equating to 40,000 square feet of AAA, HACCP and C-TPAT certified property. 

Pasta Romana has consistently invested in the research and evolution of premium recipes earning an outstanding reputation for its formulator's abilities to customize and deliver excellence according to distinct specification. "We have great expectations for the foreseeable future. With proven expertise in product development and retail understanding, management has effectively stayed on top of the trends, incorporating cutting-edge equipment and attentiveness to the needs of its growing client base. We are very pleased to be moving forward in this industry, and highly anticipate how we will emerge, strengthening Romana Foods as an industry contender, building corporate value for shareholders." stated John Pedder, President, Romana Food Brands Corp.

The Company currently has a spectrum of major food outlets under contract such as Aldi, Costco, Imvescor, Loblaws, Maxi, Metro, Provigo, Sobeys, Super C and Trader Joe's.

According to Agriculture and Agri-Food Canada statistics, the food and beverage processing industry is the second largest manufacturing industry in Canada in terms of value of production with shipments worth $105.5 billion in 2014; it accounts for 17% of total manufacturing shipments and for 2% of the national Gross Domestic Product (GDP). It's the largest manufacturing employer and provides employment for 246,000 Canadians.

The Company expects to announce additions to the new board of directors soon. Due to the former business, WERPO, not being able to obtain the required financing to execute its projects, the determination has been made that the current acquisition has much stronger growth potential, creating a more lucrative investment opportunity for the Company and its shareholders.

Safe Harbor Act: Forward-Looking Statements are included within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and similar expressions are forward-looking statements and involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE Romana Food Brands Corp

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