Bankruptcy Court Approves Procedures for Sale of Georgia Assets of Universal Food & Beverage Company.

CHICAGO -- The United States Bankruptcy Court for the Northern District of Illinois Wednesday approved procedures for the sale by Universal Food & Beverage Company, based in St. Charles, Illinois, of all of its Georgia assets.

Universal Food & Beverage Company manufactures and packages private label and branded beverage and food products out of its facility in Georgia. By virtue of this sale, the Debtor proposes the sale of the following assets: the Debtors' manufacturing facility commonly known as Universal Food and Beverage Company located at 11 Artley Road, Savannah, Georgia including (1) real property consisting of a manufacturing facility of a total of approximately 125,000 square feet on 14.5 acres (the "Manufacturing Facility") and (2) personal property assets consisting of all of the non-leased machinery, equipment, rolling stock, furniture, fixtures, computers, dies, moulds, jigs and other personal property located at the Manufacturing Facility (the "Manufacturing Equipment" and together with the Manufacturing Facility, the "Georgia Assets").

The auction for the Georgia Assets will be on October 25, 2007 at 9:00 a.m. CST. A stalking horse bid of $6,556,500 has been made for the Georgia assets.

The bid deadline for interested parties to make competing offers to purchase the Georgia assets in accordance with terms and conditions approved by the Bankruptcy Court is October 22, 2007 at 5:00 p.m. CST.

For information regarding the sale of these assets, please contact attorney Konstantinos Armiros with Arnstein & Lehr LLP at [phone] or [e-mail] or Howard R. Korenthal, chief restructuring officer with MorrisAnderson & Associates at [phone] or [e-mail].