Idahoan Foods LLC to Move Corporate Headquarters to Downtown Idaho Falls

A press conference was held today at noon at Idaho Falls City Council
Chambers to announce the new location of Idahoan Foods LLC Corporate
Headquarters at Constitution Plaza in Historic Downtown Idaho Falls. 

The press conference went as follows:

Moderator: Steven Frei, NAI Commerce One / President, Grow Idaho Falls
Executive Board
Welcome:Steven Frei
Speaker:Gordon Lewis, CEO of Idahoan Foods LLC
Speaker:Tom Mannschreck, President, CEO, and Owner of Thomas Development Co.
Remarks:Bob Everhart, Idaho Falls Downtown Development Corporation Executive
Director; Linda Martin, CEO of Grow Idaho Falls; Jared Fuhriman, Mayor of
Idaho Falls.
Q & A.

In addition to the press conference participants, attendees included the
local media, legislators Janice McGeachin and Jeff Thompson, Idaho Falls
City Council Members Ida Hardcastle and Sharon Parry, IFDDC Board President
Kevin Cutler, Idahoan Foods LLC Executives and family members, Thomas
Development, Pacific West Construction, e2co, Glancey Rockwell & Associates,
Musgrove Engineering, NAI Commerce One agents, City of Idaho Falls
employees, and the general public.

Here is the official press release:

Idahoan Foods® LLC to Move Headquarters to Downtown Idaho Falls

Idaho-based potato company will maintain plant and production in Lewisville

Idaho Falls, ID, April 21, 2011 – Idaho Falls, Idaho –Apr. 21, 2011– Idahoan
Foods LLC, makers of authentic, great tasting, and convenient Idaho® potato
products, will move its corporate headquarters from Lewisville, Idaho to
downtown Idaho Falls in the fall.

Idahoan Foods LLC has maintained its corporate offices in Jefferson County
for more than half a century and will continue processing operations in
Lewisville. The company will relocate all non-production related personnel
offices to a newly renovated, 17,000 sq. ft. office space in historic
downtown Idaho Falls. The new corporate headquarters will be located at 357
Constitution Way in Constitution Plaza. The building is being renovated by
owner Thomas Development who completed similar improvements to the nearby
Earl Building.

Gordon Lewis, President & CEO of Idahoan Foods LLC said, "because of the
considerable growth we've experienced since the new Idahoan Foods was formed
in 2007, it has become necessary for us to move our corporate offices to a
building in a nearby city, closer to the home of a majority of our corporate
employees, that has adequate space for today and room for future expansion."

Moving to Idaho Falls will afford Idahoan better access to facilities,
tools, and opportunities it needs to continue on its growth path while
maintaining close ties to the company's roots and growers, he added.

Steven Frei and Brent Butikofer of NAI Commerce One in Idaho Falls brokered
the deal with Idahoan. Having represented Thomas Development in a variety
of real estate transactions, they saw an opportunity to connect a quality
owner with a long-term commitment to downtown Idaho Falls with an excellent
tenant who will be a catalyst for renewed vitality in the heart of the city.

Steven Frei said, "We saw an opportunity to create a win-win situation for
Idahoan Foods and for downtown Idaho Falls. Idahoan executives caught the
vision and they are excited about the central location, the on-site parking,
the accessibility to restaurants, and the proximity to the greenbelt."

Idahoan has been working closely with Tom and Barbara Mannschreck, the
owners of Thomas Development, to plan the remodel. Historic preservation is
a priority in the renovations that will transform the former home of the
Eastern Idaho Community Action Partnership into a first class office
building.

About Idahoan Foods LLC

Combining a full-service network of professionals from field to fork,
Idahoan Foods LLC is a leading manufacturer of value-added products. Its
potato processing plants and nationally recognized retail, club, and
foodservice brands of products—Idahoan®, Honest Earth®, and Idaho Supreme®—,
along with ingredient brands Paradise Valley®, allow Idahoan Foods, LLC to
deliver superior quality and value to its customers. For more information
visit www.idahoan.com. Follow Idahoan Foods on facebook and twitter.

About Thomas Development Co.

Since its inception in 1990, Thomas Development Co., headquartered in Boise,
has grown to become one of Idaho's leading multi-family real estate
developers and investment managers. Under the direction of owner Thomas C.
Mannschreck, the company specializes in market-rate apartments, tax credit
apartments, assisted-living facilities, townhomes, and suburban professional
office buildings. Its portfolio includes more than 700 apartment units and
100,000 square feet of commercial buildings. Thomas Development's talented
and responsive management team offers expertise in site analysis and
acquisition, investment analysis, tax credit applications and syndication,
and land-use planning. For more information, visit
www.thomasdevelopment.com

Contact: Kaly Gillette Shippen, NAI Commerce One Marketing Director
Phone: 208.525.8088 Email: marketing@nai-idaho.com