Crusader Securities Announces that BMW Holdings, Inc. has Merged with Heritage Food Group, Inc., a Wholly Owned Subsidiary Of United Heritage Corporation -NDSC:UHCP-.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- BMW BMW in full Bayerische Motoren Werke AG German automaker. Founded as an aircraft engine manufacturer in 1916, the company assumed the name Bayerische Motoren Werke and became known for its high-speed motorcycles in the 1920s. Holdings, Inc. (the "Company"), located in Farmingdale, New York Farmingdale is a village in Nassau County, New York in the United States. The population was 8,399 at the 2000 census. The 'Village of Farmingdale is inside the Town of Oyster Bay. Farmingdale School District includes parts of both Nassau County and Suffolk County. , has merged with Heritage Food Group, 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 United Heritage Corporation. The Company is the surviving entity in the merger; however, as part of the transaction, the Company has changed its name to Heritage Food Group, Inc. ("HFG HFG Home Friendship Groups (Christian-based small group ministry) HFG Hand-Foot-Genital syndrome HFG Harmonic Frequency Generator HFG Hinteregger, Fukai and Gilson Solar EUV Model "). This merger transaction is part of HFG's corporate strategy to acquire companies in the value-added segment of the meat industry, as HFG will now begin the process of registering its shares with the SEC, which, upon becoming effective, will be distributed to UHCP's approximate 4,400 existing shareholders. Once HFG becomes a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. , which is expected by the third quarter of 2005, the Company will be able to use its shares as currency to make additional acquisitions. The Company still intends to make additional acquisitions during the registration process and has already identified several acquisition opportunities that should be closed in the first quarter of 2005. Brian M. Weiner, Chairman and 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 Heritage Food Group, Inc., stated, "I am very excited about the closing of the BMW-Heritage merger as it moves HFG closer towards our corporate goal of becoming a public company. We are moving forward with our consolidation growth strategy and are finding a very receptive acquisition market. Being a public company should give us better access to more attractive sources of capital along with giving us an opportunity to offer prospective targets shares in HFG as part of the consideration. In the meantime Adv. 1. in the meantime - during the intervening time; "meanwhile I will not think about the problem"; "meantime he was attentive to his other interests"; "in the meantime the police were notified" meantime, meanwhile , we are continuing to aggressively pursue accretive acquisition targets." Walter G. Mize, Chairman and CEO of UHCP said, "We are pleased to have completed the merger with BMW Holdings, as UHCP has wanted to exit the meat business, which is non-core to our oil and gas operations. This transaction allows us to offer our shareholders an opportunity to derive value from our meat business by becoming part of HFG's growth strategy, while simultaneously allowing UHCP to focus on our core oil and gas operations. I anticipate maintaining a close relationship with HFG and possibly becoming a board member of HFG." BMW Holdings is represented by Crusader Securities (broker-dealer, member NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). ), a boutique investment bank headquartered in New York. To date, Crusader has assisted the Company with the closing of the St. James Gourmet acquisition in Farmingdale, New York and the execution of a letter of intent to acquire another private company located in Upstate New York Upstate New York is the region of New York State north of the core of the New York metropolitan area. It has a population of 7,121,911 out of New York State's total 18,976,457. Were it an independent state, it would be ranked 13th by population. . BMW intends to continue its aggressive growth strategy bringing together synergistic acquisitions to become the leader in the value-added segment of the meat industry. Crusader Capital, which provided some of the capital necessary to close the first acquisition, is prepared to consider funding additional acquisition opportunities for the Company. Crusader is a boutique investment bank with offices in New York and Los Angeles. Through its extensive relationships with institutional and private investors, Crusader provides its public and private clients access to attractive sources of capital through both private placements and public offerings. Crusader also offers traditional investment banking advisory services including merger and acquisition advice. Crusader's goal is to build enduring, long-term client relationships by providing professional, independent and strategically advantageous advice. For more information, please contact Blair A. West at 212-472-6200 or visit the Company's website at www.crusader.com. |
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