1-800-FLOWERS.COM Closes Acquisition of Cheryl & Co., a Leading Multi-Channel Retailer of Cookies and Other Baked Gifts.WESTBURY, N.Y. -- Acquisition Will Increase Company's Annual Revenues in the Fast Growing Food, Wine and Gift Basket A gift basket, or fruit basket is typically a gift that is delivered to the recipient at their home or workplace. There are different varieties of gift baskets, some which have fruit only, some with dry/canned goods only (such as tea, crackers and jam) although the standard Category to More Than $100 Million 1-800-FLOWERS.COM (1) (Computer Output Microfilm) Creating microfilm or microfiche from the computer. A COM machine receives print-image output from the computer either online or via tape or disk and creates a film image of each page. , Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : FLWS FLWS Force Level Warfare Systems ), the leading florist and retailer of thoughtful gifts for all occasions, today announced the closing of its acquisition of Cheryl & Co., Inc., a Westerville, Ohio-based manufacturer and seller of cookies and related baked gift items. The acquisition was completed on Monday, March 28, 2005 after a final vote of Cheryl & Co. shareholders. When combined with its other food gift offerings, the Company said the acquisition will increase its annual revenues in the fast growing Food, Wine and Gift Basket category to more than $100 million. As stated in its March 11, 2005 press release, the Company expects the acquisition to be accretive to its EPS (Encapsulated PostScript) A PostScript file format used to transfer a graphic image between applications and platforms. EPS files contain PostScript code as well as an optional preview image in TIFF, WMF, PICT or EPSI, the latter being an ASCII-only format. and cash flow in fiscal 2006. About Cheryl & Co. In 1981, equipped with an old-fashioned cookie recipe passed down from her grandmother, a degree in business and home economics and high-profile business experience, Cheryl Krueger started Cheryl's Cookies, a single store cookie company that has evolved into the multimillion dollar corporation it is today. As President and Chief Executive Officer, Cheryl continues to lead the company's operations, management, product development and marketing. In 1988, the company's growth inevitably led to the changing of its name to Cheryl & Co. to reflect the diverse product development of gourmet-baked goods and specialty gift items. Cheryl & Co. offers a wide array of gourmet desserts including award-winning cookies, brownies and cheesecakes, all in distinctive gift packaging. The company has a direct marketing division including a fast-growing e-commerce business and catalogue marketing operations, a retail division and a Business Gift Services division which offers gifts to corporations that in turn use them as employee incentives and client gifts. Cheryl & Co. was named one of the country's "Top 500 Women-Owned Businesses" for the last four consecutive years. In 1999 Cheryl was selected as "Entrepreneur of the Year" by Working Women magazine. About 1-800-FLOWERS.COM(R) For more than 25 years, 1-800-FLOWERS.COM Inc. - "Your Florist of Choice(sm)" - has been providing customers across the nation with the freshest flowers and finest selection of plants, gift baskets, gourmet foods and confections, and plush stuffed animals
A stuffed animal is toy animal stuffed with straw, beans, cotton or other similar materials. Some stuffed animals are very old – home made cloth dolls stuffed with straw go back to at least the perfect for every occasion. 1-800-FLOWERS.COM(R) offers the best of both worlds: exquisite, florist-designed arrangements individually created by some of the nation's top floral artists and hand-delivered the same day, and spectacular flowers shipped Fresh From Our Growers(sm). Customers can shop 1-800-FLOWERS.COM 24 hours a day, 7 days a week via the phone or Internet (1-800-356-9377 or http://www.1800flowers.com) or by visiting a Company-operated or franchised store. Gift advisors are available 24/7, and fast and reliable delivery is offered same day, any day. As always, 100 percent satisfaction and freshness is guaranteed. The 1-800-FLOWERS.COM collection of brands also includes home decor and garden merchandise from Plow plow or plough, agricultural implement used to cut furrows in and turn up the soil, preparing it for planting. The plow is generally considered the most important tillage tool. & Hearth(R) (1-800-627-1712 or http://www.plowandhearth.com); premium popcorn and specialty treats from The Popcorn Factory(R) (1-800-541-2676 or http://www.thepopcornfactory.com); gourmet foods from GreatFood.com(R) (http://www.greatfood.com); children's gifts from HearthSong(R) (http://www.hearthsong.com) and Magic Cabin(R) (http://www.magiccabin.com) and wine gifts from the WineTasting wine·tast·ing n. A gathering of people to taste and compare a number of wines. Network(R) (www.ambrosiawine.com and www.winetasting.com). 1-800-FLOWERS.COM, Inc. stock is traded on the NASDAQ market under ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors FLWS. Special Note Regarding Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. : A number of statements contained in this press release, other than statements of historical fact, are forward-looking within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the applicable statements. These risks and uncertainties include, but are not limited to: the Company's ability to grow its revenues; its ability to integrate and profitably grow the businesses of Cheryl & Co., and its other acquired companies; its ability to maintain and enhance its online shopping web sites to attract customers; its ability to provide timely fulfillment of customer orders; its ability to cost effectively acquire and retain customers; its ability to compete against existing and new competitors; its ability to cost efficiently manage inventories; its ability to leverage its operating infrastructure and general consumer sentiment and economic conditions that may affect levels of discretionary customer purchases of the Company's products. For a more detailed description of these and other risk factors, please refer to the Company's SEC filings including the Company's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and Quarterly Reports on Form 10-Q Form 10-Q See 10-Q. . The Company expressly disclaims any intent or obligation to update any of the forward looking statements made in this release, or in any of its SEC filings, except as may be otherwise stated by the Company. |
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