Brussels Chocolates Completes Distribution Deal With Hong Kong Based Park'nShop.Business Editors BLAINE, Wash.--(BUSINESS WIRE)--Sept. 20, 2001 Green Fusion Corporation ("Green Fusion") (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :GRFU) wishes to announce that its intended acquisition target House of Brussels Holdings Ltd., which owns and operates Brussels Chocolates Ltd. ("Brussels"), has struck a distribution agreement with Park'nShop Supermarkets, a retail grocery and fine food chain located in Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. . The agreement calls for Brussels chocolates to be sold in Park'nShop's Hong Kong locations. Mark Paxin, general manager of Brussels said, "This is Brussels first foray into Verb 1. foray into - enter someone else's territory and take spoils; "The pirates raided the coastal villages regularly" raid encroach upon, intrude on, obtrude upon, invade - to intrude upon, infringe, encroach on, violate; "This new colleague invades my the lucrative Asian market. Distribution through Park'nShop is a big coup given their huge brand recognition by Hong Kong shoppers." "This agreement with Park'nShop is a continuation of our wholesale distribution business plan," said Evan Baergen, president of Green Fusion. "Brussels believes that there exists unlimited markets for its products and expects significant sales in Canada, the US and Asia within this calendar year." About Park'nShop Hong Kong's Park'nShop supermarkets are owned by A. S. Watson & Company, 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 Hutchison Whampoa Hutchison Whampoa Limited or HWL (Traditional Chinese: 和記黃埔有限公司, HKSE: 0013 Limited. A. S. Watson is one of Asia's largest retailing operations with nearly 800 retail outlets including 189 Park'nShop supermarkets; 539 Watson's The Chemist personal care stores; and 61 Fortress consumer electronics stores. About Brussels Founded in 1983, Brussels manufactures and markets high quality, gourmet chocolates. The company sells in both retail and wholesale channels split approximately 50:50. With 11 retail outlets in the greater Vancouver area, sales of Brussels chocolates have been as high as $5.0 million annually. Upon completion of the transaction announced on June 26, 2001 Brussels intends to initiate sales in other regions of Canada and the United States The United States and Canada share a unique legal relationship. U.S. law looks northward with a mixture of optimism and cooperation, viewing Canada as an integral part of U.S. economic and environmental policy. . 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: This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussion with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact may be forward-looking statements. Forward-looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. |
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