Alliance Select Holds 2016 Stockholders’ Meeting

Pasig—(PHStocks)—Alliance Select Foods International Inc. (PSE: FOOD) held the company’s annual stockholders meeting today, 28 June 2016.

Re-elected to the company’s board of directors were Atty. Antonio C. Pacis, Joseph Peter Y. Roxas, Raymond K.H. See, George E. Sycip and Marie Grace Vera Cruz as regular directors, while Erwin M. Elechicon and Dobbin A. Tan reprised their roles as independent directors.

The company reported that it continues to focus on streamlining operations that keeps the company poised as a key player in the tuna and salmon industries.

The company likewise confirmed that Alliance Select continues to pursue and execute its growth strategies despite the recurring challenges of higher tuna prices in the world supply market. Management recognizes these challenges and the company will continue to undertake necessary actions so as to ensure long-term profitability. Given that, Alliance Select remains focused on its operations and the execution of its strategic plan.

The international seafood company also presented its management report, year-end 2015 results, and appointed the company’s independent external auditor for 2016, Reyes Tacandong & Co., in the said meeting.

Alliance Select in its latest disclosure reported revenues amounting to $ 67.9 million. It is primarily involved with the manufacturing, canning, exporting, and importing of seafood products.

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