Brussels Chocolates Completes Distribution Deal With Japan Based Nichimen Corporation.Business Editors BLAINE Blaine, city (1990 pop. 38,975), Anoka co., SE Minn., a suburb N of Minneapolis; settled 1862, inc. 1964. Diverse manufactures include medical equipment, gun parts, and optical components. The area was organized as a township in 1877 and was named in honor of James G. , Wash.--(BUSINESS WIRE)--Oct. 30, 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 received an order Nichimen Corporation, which operates the Sunkus store chain located in Japan. This order now provides two distribution agreements in Asia. Mark Paxin, General Manager of Brussels said, "Brussels is very pleased to be shipping our chocolates to Japan and we are excited about building on this order both in Japan and other Asian markets. Distribution contracts like this one help us to use up our extra manufacturing capacity. We currently manufacture only about 10% of what our facility is capable of." "Wholesale expansion into new markets is key to our success and all of Asia is certainly one of the targets," said Evan Baergen, president of Green Fusion. "A large distributor and retailer like the Nichimen Corporation is an excellent way to reach the consumers of Japan with Brussels' premium chocolates." About Nichimen Corporation and Sunkus Nichimen Corporation is an international conglomerate conglomerate, in business conglomerate, corporation whose asset growth, often very rapid, comes largely through the acquisition of, or merger with, other firms whose products are largely unrelated to each other or to that of the parent company. with offices throughout the world. In 1998 alone, revenue was almost US$30 billion. Sunkus is franchise store chain with 1000's of outlets throughout Japan that was started in the 1980's. 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 retail outlet n → punto de venta retail outlet n → point m de vente retail outlet retail n → 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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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