Big Daddy's BBQ Sauce & Spices Clinches National Roll-Out With Clements Foods Co-Packing Agreement.Business Editors YUKON, Okla.--(BUSINESS WIRE)--June 29, 2000 Big Daddy's BBQ Sauce Big Daddy's BBQ Sauce (Pink Sheets: BIGD) is a company that produces barbecue sauce. Based in Yukon, Oklahoma, it came from the result of two friends merging their famous recipes together. & Spices, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Big Daddy's BBQ Racing Co., (Pink Sheets:BIGD) is pleased to announce the signing of an agreement with Clements Foods Company of Oklahoma City as the co-packer and hub-supplier of Big Daddy's products. Clements has a major presence in the United States food industry as the co-packer of private label products for Super Value, Fleming, Wal-Mart and Safeway. "We got the checkered flag on this one," said Big Daddy's 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. Dan Lloyd Sr. "Our outsourcing agreement with Clements -- second only to Red Wing as a premier co-packer in America -- is the final piece in our roll-out plan. We have great market presence with our auto-racing and rodeo sponsorships. We have an enviable distribution agreement with the nation's leading marketer and distributor of natural and specialty foods -- Tree of Life Gourmet Award Foods. Now we have cost-effective production through Clements and with their state-of-the-art facilities, the capacity to supply our BBQ sauces, marinades and dry rub coast-to-coast. This launches Big Daddy's from a central-south-west regional brand to a national brand." Big Daddy's national sales & marketing director, Ron Kasbaum, said the company's positioning is the ultimate in cost-effective and efficient production and distribution. "All Big Daddy's needs are met with two companies. Clements produces and ships directly to Tree of Life which has 19 regional warehouses and supplies 33,000 stores worldwide. The Clements deal allows the expansion of Big Daddy's products throughout the Wal-Mart and Safeway retail chains and we anticipate a national roll-out through Wal-Mart stores within 60 days. Our products on those shelves will have an updated look with distinctive checkered flag labels and the latest in packaging." Big Daddy's BBQ Sauce & Spices is an Oklahoma-based company specializing in barbecue condiments. Currently, the company's products include Big Daddy's BBQ Sauce, mild and hot, Big Daddy's Meat Marinade and Big Daddy's Gourmet Seasoning. The products are distributed by Tree of Life Gourmet Award Foods and are available in Wal-Mart SuperCenters in the south-central states as well as other national and regional grocery chains. Big Daddy's also has a letter of intent to acquire the award-winning Big Daddy's/Sonora Brewery of Phoenix which won the World Beer Cup 2000 Silver Medal in the English-Style Mild Ale category on June 19 in New York. The largest and one of the most prestigious international brewery competitions, the World Beer Cup featured 64 categories of beer-types, with 1,127 entries from breweries in 39 countries. Big Daddy's has strong affiliations with the Indy Racing League The Indy Racing League, better known as IRL, is the sanctioning body of a predominantly American based open-wheel racing series. The League consists of two series, the premiere IndyCar Series (IRL), the International Hot Rod Association The International Hot Rod Association also known as IHRA is the 2nd largest drag racing sanctioning body after the NHRA. The Carrier Era The IHRA was formed in November 1970 by businessman Larry Carrier. (IHRA), the National Hot Rod Association
The National Hot Rod Association (NHRA) (NHRA) and NASCAR NASCAR (National Association for Stock Car Auto Racing), organization that sanctions American stock-car races, est. 1948. It held its first race in Daytona Beach, Fla. on the auto-racing circuits and the Professional Rodeo Cowboys Association The Professional Rodeo Cowboys Association (PRCA) is an organization whose members compete in rodeos around the United States. The PRCA sanctions rodeo venues and events through the PRCA Circuit System. (PRCA), the Professional Bull Riders Professional Bull Riders, Inc. (PBR) is an international professional bull riding organization based in Pueblo, Colorado, USA. PBR events are televised on Versus, FOX, and NBC. More than 800 cowboys from the U.S., Canada, Brazil, Australia, and Mexico hold PBR memberships. (PBR) and BULLNANZA on the rodeo circuit as the sponsor of teams at a number of venues. 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 provides a "safe harbor" for forward-looking statements. Certain of the statements contained herein, which are not historical facts, are forward-looking statements with respect to events, the occurrence of which involve risks and uncertainties. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the company is detailed from time to time in the company's reports filed with the Securities and Exchange Commission. |
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