Brussels Chocolates Completes Distribution Deal With Hudson's Bay Company.Business Editors, Food Writers BLAINE, Wash.--(BUSINESS WIRE)--Sept. 18, 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"), plans to open its first retail operation in Ontario inside the Hudson's Bay Company Hudson's Bay Company, corporation chartered (1670) by Charles II of England for the purpose of trade and settlement in the Hudson Bay region of North America and for exploration toward the discovery of the Northwest Passage to Asia. ("The Bay") store located within the flagship Hudson's Bay Centre in Toronto. The store is scheduled to open on October 15, 2001, in time for Christmas season. Brussels products are now being sold within Brussels-designed boutiques in the specialty food section of the Bay. The Toronto location, Brussels first retail 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 Ontario, represents the second such boutique to be opened in a Bay store. The first boutique opened in Victoria has been in operation for 3 months. Mark Paxin, General Manager of Brussels said, "Brussels looks forward to a longstanding relationship with the Bay and hopes to open more boutiques in the months to come in other major Canadian metropolitan centers." "This is just the tip of the iceberg tip of the iceberg n. pl. tips of the iceberg A small evident part or aspect of something largely hidden: afraid that these few reported cases of the disease might only be the tip of the iceberg. ," said Evan Baergen, president of Green Fusion. "Brussels is expanding rapidly in Canada and the addition of Martin Kelly to the Board of Directors (September 11, 2001) is intended to give us new avenues of expansion in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. ." As previously stated, under Mr. Kelly's direction marketing and successful distribution programs have been implemented with several high profile US retail chains, including 7-Eleven, Walgreen's, Duane Reade Duane Reade is a chain of drugstores/convenience stores, primarily located in New York City. History Founded in 1960, the chain started with three stores, named after the location of the company's warehouse between Duane and Reade Streets on Broadway in lower Manhattan. and Rite Aid. About Hudson's Bay Company Hudson's Bay Company, established in 1670, is Canada's largest department store retailer and oldest corporation. The Company provides Canadians with the widest selection of goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. available in over 100 locations from coast to coast. The Bay is predominately a full line department store chain offering quality merchandise at mid-to-upper price points. Committed to delivering excellent value and consistent, reliable service, Bay stores are located in suburban and urban markets, with a strong franchise in the downtown core of Canada's major cities. Hudson's Bay Company employs 70,000 associates and has operations in every province in Canada. 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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