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Mach One Corporation Signs Definitive Agreement to Acquire Ceres Organic Harvest, Inc.
Date:2/4/2009

BELGIUM, Wis., Feb. 4 /PRNewswire-FirstCall/ -- Mach One Corporation (Pink Sheets: MNCN), Mach One Corporation, a global health company that develops biotechnology based solutions that produce positive, long term benefit to the agricultural and consumer markets, announced today that it has signed a definitive agreement to acquire Ceres Organic Harvest, Inc. an organic grain and grain-based company that supplies ingredients to the food, feed and dairy industries.

Under the terms of the agreement, Mach One will acquire 100% of the stock of Ceres for $8 million in a combination of stock and convertible debentures. 50% of the purchase price will be paid in common stock of Mach One with a valuation set at 50 cents per share with the remaining 50% of the purchase price taken by Ceres shareholders in the form of preferred convertible securities with a conversion price of 50 cents per share.

The purchase price will be funded out of available authorized shares and the transaction is not subject to financing conditions. The Company presently anticipates that the closing will occur in late February 2009.

Monte Tobin, CEO of Mach One Corporation commented, "This combination of resources and personnel between Mach One and Ceres Organic Harvest, Inc. will position us to capitalize on the work Ceres has done over the years in delivering high quality animal feed products. We in turn are excited to bring to Ceres the part of our technology that pertains to supplements and additives with the goal of delivering tremendous advancement in animal nutrition."

About Ceres Organic Harvest, Inc.

Ceres Organic Harvest, Inc. and its subsidiary Organic Grain and Milling, Inc. supply organic grain and grain-based ingredients to the food, feed and dairy industries, including varieties of wheat, flour, oats, corn, flax, barley and other products. Ceres is currently launching a number of oat-based products usi
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SOURCE Mach One Corporation
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