Barrington Foods Signs Letter of Intent to Acquire Italian Food Wholesaler.Business Editors LAS VEGAS--(BUSINESS WIRE)--May 13, 2003 Barrington Foods International Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: BFII) announced today the signing of a letter of intent (LOI LOI Letter of Indemnity (international trade and carriage business) LOI Letter Of Intent LOI Loss On Ignition LOI Letter of Inquiry LOI Lack Of Information LOI Lack of Interest LOI Letter of Invitation LOI List Of Items ) with Venturelli-Denk Inc. to acquire the firm. Venturelli-Denk is a privately held San Diego-based marketing entity that, through Venturelli of Italy, has the exclusive rights to market the Venturelli product line throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . Some of the Venturelli products include superior olive oils, extra-virgin health olive oil candies, fine pasta, exquisite sauces and salsas Salsas is a Portuguese parish in the district of Bragança. The population in 2001 is 424, its density is 16.5/km² and the area is 25.76 km². , specialty honeys, natural fruit compote and distinguished Italian wines. "Venturelli-Denk will be a tremendous addition to our organization," stated Rendal Williams, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Barrington Foods. "The culmination of this acquisition will provide Barrington Foods a variety of superior food products to complement its existing proprietary products. In addition, the company will be able to realize a significant and reliable income stream. In that Barrington is dedicated to providing nourishing, wholesome and high-quality food products to health-conscious, discriminating consumers, the addition of the Venturelli product line enhances our ability to fulfill this goal." About Barrington Foods International Inc. Barrington Foods principal activities are focused in the wholesaling of select food products and proprietary formula development. The company's core product line is their instant powdered soy drink, Pride & Soy(R), and their soy-based infant formula, Pride & Joy(R). The company will be introducing other complementary products such as dried fruit snacks, and protein drinks for all ages as well as their own line of grocery items. Barrington Foods has distribution agreements for imported products such as coffee and dried fruit from Vietnam that are vertically integrated through the manufacture and wholesale distribution of proprietary products. (www.barringtonfoods.com/products.html) Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under 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: Statements contained in this document which are not historical fact are forward-looking statements based upon management's current expectations that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion