SANTA PAULA, Calif.--(BUSINESS WIRE)--
Limoneira Company (NASDAQ: LMNR), a leading agribusiness with prime
agricultural land and operations, real estate and water rights in
California, today announced the election of Scott Slater to its Board of
Directors, effective September 25, 2012. With the election of Mr.
Slater, the Board now consists of eleven members, of which eight are
independent pursuant to the NASDAQ rules.
"We are pleased that Scott has accepted the invitation to join our Board
of Directors," said Harold Edwards, President and Chief Executive
Officer. "Scott is a leading authority on land and water resources in
California, which is an important aspect of Limoneira's long-term
business model. We will benefit from his tremendous experience and
counsel in our future endeavors."
Scott Slater commented, "Over its long history, Limoneira has built a
strong business and is well-positioned to benefit from its growing
agribusiness, real estate assets, and extensive water rights in
California. I look forward to applying my experience and providing my
insights as Limoneira continues to capitalize on its long-term
potential."
Mr. Slater currently serves as the President and General Counsel of
Cadiz Inc., a Los Angeles-based land and water resource management
company which owns approximately 45,000 acres of land in three areas of
eastern San Bernardino County, California. For 27 years, Mr. Slater's
practice has been focused on litigation and the negotiation of
agreements related to the acquisition, distribution, and treatment of
water. He has served as lead negotiator on a number of important water
transactions, including the negotiation of the largest
conservation-based water transfer in United States history on behalf of
the San Diego County Water Authority. Mr. Slater is also the author of
California Water Law and Policy, the state's leading treatise on the
subject, and has taught water law and policy courses at University of
California, Santa Barbara, Pepperdine University, and the University of
Western Australia, among others. Additionally, Mr. Slater is a
shareholder at Brownstein Hyatt Farber Schreck, where he leads the
national water practice.
About Limoneira Company
Limoneira Company, a 119-year-old international agribusiness
headquartered in Santa Paula, California, has grown to become one of the
premier integrated agribusinesses in the world. Limoneira (pronounced lē
mon΄âra), is a dedicated sustainability company with approximately 8,200
acres of rich agricultural lands, real estate properties and water
rights in California. The Company is a leading producer of lemons,
avocados, oranges, specialty citrus and other crops that are enjoyed
throughout the world. For more about Limoneira Company, visit www.limoneira.com.
Forward-Looking Statements
This press 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. These
forward-looking statements are based on Limoneira's current expectations
about future events and can be identified by terms such as "expect,"
"may," "anticipate," "intend," "should be," "will be," "is likely to,"
"strive to," and similar expressions referring to future periods.
Limoneira believes the expectations reflected in the forward-looking
statements are reasonable but cannot guarantee future results, level of
activity, performance or achievements. Actual results may differ
materially from those expressed or implied in the forward-looking
statements. Therefore, Limoneira cautions you against relying on
any of these forward-looking statements. Factors which may cause future
outcomes to differ materially from those foreseen in forward-looking
statements include, but are not limited to: changes in laws,
regulations, rules, quotas, tariffs and import laws; weather conditions
that affect production, transportation, storage, import and export of
fresh product; increased pressure from disease, insects and other pests;
disruption of water supplies or changes in water allocations; pricing
and supply of raw materials and products; market responses to industry
volume pressures; pricing and supply of energy; changes in interest and
currency exchange rates; availability of financing for land development
activities; political changes and economic crises; international
conflict; acts of terrorism; labor disruptions, strikes or work
stoppages; loss of important intellectual property rights; inability to
pay debt obligations; inability to engage in certain transactions due to
restrictive covenants in debt instruments; government restrictions on
land use; increased costs from becoming a public company and market and
pricing risks due to concentrated ownership of stock. Other risks
and uncertainties include those that are described in Limoneira's SEC
filings, which are available on the SEC's website at http://www.sec.gov.
Limoneira undertakes no obligation to subsequently update or revise
the forward-looking statements made in this press release, except as
required by law.
Investor Contact:
ICR
John Mills
Senior Managing
Director
310-954-1105
Source: Limoneira Company
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