FOR IMMEDIATE RELEASE:
September 21, 2011
Vermont Farmstead Cheese Company Closes on $2.5 Million Financing Round
SOUTH WOODSTOCK, VERMONT — Vermont Farmstead Cheese Company announced Monday that it has closed on its $2.5 million Series A Preferred Stock financing round, bringing total funds raised to date to $3.1 million. Proceeds from the financing have been used to retire a mortgage on the Company’s property in South Woodstock, Vermont and improve and expand its operations. Although the Company has only been producing cheese since January 2011, Vermont Farmstead Cheese Company products are now sold in 168 stores in six states and have earned 11 awards in four separate national cheese competitions since June 2011.
Vincent Galluccio, Chairman of Vermont Farmstead Cheese Company, stated “Completing this round of financing is yet another in a long list of milestones we have accomplished in a very short period of time. With these secured funds we can focus on expanding our market presence and growing our revenues.”
About Vermont Farmstead Cheese Company:
The Vermont Farmstead Cheese Co. is an artisanal cheese and dairy facility in South Woodstock, Vermont. The company was conceived and founded as a community based effort to preserve the rural way of life in South Woodstock. Follow the Vermont Farmstead Cheese Company on Facebook and at www.vermontfarmstead.com. For more information, please call 802-457-9992 ext.13 or email [email protected]
***CORRECTION: This release corrects an error to the date given for Farmstead’s initial cheese production operations. The original press release (issued Monday, September 19, 2011) erroneously listed this date as January, 2010, when in fact production began in January 2011.
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Nothing herein is either an offer to sell or a solicitation to buy securities.
For more information, contact:
Telephone: 802-457-9992 ext.13
E-mail: [email protected]
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Vermont Farmstead Cheese, PO Box 6 2749 Church Hill Road, S. Woodstock, VT 05072 United States