Di Giorgio Corporation Creates new Division.Business Editors CARTERET, N.J.--(BUSINESS WIRE)--Oct. 16, 2003 Di Giorgio Corporation has established a new division, DGI DGI Direction Générale des Impôts (French: Department of Revenue) DGI Dirección General Impositiva (Argentina) DGI Danske Gymnastik- & Idrætsforeninger (Denmark) DGI Drummond Group Inc. Specialty Foods. The new division will offer a complete line of specialty food products including ethnic, gourmet, imported, and organic food items. "We believe that DGI Specialty Foods will provide retailers a high quality and cost effective supply alternative in this rapidly expanding area of the grocery business," said Steve Bokser, Co-Chairman, President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Di Giorgio Corporation. He added, "the growing demand for product variety and selection, particularly in Hispanic, Carribean, Asian, Kosher kosher [Heb.,=proper, i.e., fit for use], in Judaism, term used in rabbinic literature to mean what is ritually correct, but most widely applied to food that is in accordance with dietary laws based on Old Testament passages (primarily Lev. 11 and Deut. 14). and organic foods, has fundamentally changed the way consumers shop, and through this new division, Di Giorgio is committed to being a major player in this arena." The company has named Jeff Kolpen to head up the new division. Jeff has more than thirty years experience in specialty and international foods with such organizations as Kolpen Distributors, KDI KDI Knowledge and Distributed Intelligence (NSF) KDI Korean Development Institute KDI Kernel Debug Interface KDI Kernel Downloadable Image (LynxOS) KDI Kosovo Democratic Institute Specialty Foods, and most recently JEM Marketing Group. "I am very excited about this new venture," said Jeff. "We have put together a strong and experienced team of buyers and merchandisers, including Charlie Poll and Joe Quinn Joe Quinn can refer to:
Forward-looking statements in this release include, without limitation, statements relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the Company's plans, strategies, objectives, expectations, intentions, and adequacy of resources and are made pursuant to the 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. provisions of 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. These forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievement of the Company to be materially different from any future results, performance, or achievements, expressed or implied, by such forward-looking statements. These factors include, among others, the following: general economic and business conditions, and those in particular in the New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. metropolitan area; the Company's reliance on several significant customers; potential losses from loans to its retailers; restrictions imposed by the documents governing the Company's indebtedness; current wholesale competition, as well as future competition from presently unknown sources; competition in the retail segment of the supermarket business; the Company's labor relations; potential environmental liabilities which the Company may incur; dependence on key personnel; business abilities and judgment of personnel; changes in, or failure to comply with government regulations; potential commercial vehicle restrictions; inflation, especially with respect to wages and energy costs; the results of terrorism or terrorist acts against the Company; and other factors described in filings of the Company with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. About Di Giorgio Corporation Di Giorgio Corporation, through its White Rose division, is one of the largest independent food distributors in the New York City market. The White Rose Food Division of the Di Giorgio Corporation serves supermarket chains, independent retailers and members of voluntary cooperatives from Maryland to New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. . The Division provides over 18,000 food and non-food products to more than 1,500 customer locations. The White Rose brand label consists of over 800 items and has been a fixture in 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 homes for over a century. For more information on White Rose, please visit the company's Web site at www.whiterose.com. |
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