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Dogs Will Sit, Shake and Roll over for New Del Monte Pet Products; Company Drives Category Innovation With Highest Percentage of Sales from New Items.


SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden  -- Building on last year's successful new pet product introductions, Del Monte Monte (Italian, Portuguese and Spanish meaning mount) may refer to various things:

Monte is the name of several places: In Brazil
  • Barão de Monte Alto, Minas Gerais
  • Belo Monte, Alagoas *Buriti dos Montes, Piauí
 Pet Products today announced that it has launched major new product introductions across the dog food and dog snacks categories -- solidifying so·lid·i·fy  
v. so·lid·i·fied, so·lid·i·fy·ing, so·lid·i·fies

v.tr.
1. To make solid, compact, or hard.

2. To make strong or united.

v.intr.
 Del Monte Pet Products' position as a leader in innovation and new product introductions. New products include: Kibbles 'n Bits Kibbles 'n Bits is a brand name of dog food manufactured and marketed by Del Monte Foods. It was originally created in 1981 as the first dual textured dog food, having soft chewy pieces as well as hard crunchy ones.

In 1995, the brand was acquired by Del Monte.
(R) wet dog food; new Meaty Bone(R) Chew-Lotta(TM) dog snacks; and Snausages(R) to Go!, Pup-Peroni(R) to Go! and Meaty Bone(R) to Go! dog treats.

"Innovation is a core commitment, and we believe, a core competency A core competency is something that a firm can do well and that meets the following three conditions specified by Hamel and Prahalad (1990):
  1. It provides customer benefits
  2. It is hard for competitors to imitate
  3. It can be leveraged widely to many products and markets.
 of Del Monte Foods Del Monte Foods (NYSE: DLM) is an American food production and distribution company based in San Francisco, California.

It offers canned goods in Del Monte, S&W and Contadina brands, pet foods under Kibbles n' Bits, 9Lives, Pounce, Milk-Bone and several premium brands,
," said Richard G. Wolford, chairman and chief executive officer of Del Monte Foods. "This broad-based broad-based

Of or relating to an index or average that provides a good representation of the overall market. The S&P 500 and NYSE Composite are generally regarded as broad-based stock indexes, while the popular Dow Jones Industrial Average is biased
 launch of new products across the spectrum of pet products exemplifies that commitment."

According to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 Del Monte Foods Company (NYSE NYSE

See: New York Stock Exchange
:DLM See ILM.

DLM - Distributed Lock Manager on distributed VMS systems.
), these exciting, new products and line extensions will continue to play an integral role in driving top-line company and category growth. Leveraging its strong brands in dog food and building upon its dog snacks leadership, over the past three years the company has had the highest percentage of sales from new items of any other manufacturer. Last year the Company successfully launched four new products including Kibbles 'n Bits(R) HomeStyle dog food, Pup-Peroni(R) NawSomes! (R) Mini's and Scooby Snacks Scooby Snacks are a fictional food item of unknown and undetermined origin. They are used as a form of bribery for the characters of Scooby-Doo and Shaggy (Norville Rogers) from the Hanna-Barbera cartoon series Scooby-Doo and its various spinoffs.  "Far Out Snacks(TM)"; and Pounce(R) Caribbean Catch(TM) cat snacks.

"We're proud of the role that our pet products play in the Del Monte Foods family and in families across the nation," said Todd Todd , Sir Alexander Robertus 1907-1997.

British chemist. He won a 1957 Nobel Prize for his study of nucleic acids and nucleotide structures.
 Lachman, managing director, Del Monte Pet Products. "With last year's successful product launches and this year's exciting new product introductions, we continue to have a heritage of bringing exciting, new products to our famous table of brands, providing pets with great taste and nutrition, and enhancing the pet-owner relationship."

As the number of dogs and dog-owning households across the U.S. continues to climb, Del Monte's new and existing products will continue to play a starring role in strengthening the pet-owner relationship. In fact, by the year 2006, the Pet Food Institute projects that the U.S. canine canine
 or canid

Any domestic or wild dog or doglike mammal (e.g., wolf, jackal, fox) in the family Canidae, found throughout the world except in Antarctica and on most ocean islands.
 population will increase to 74 billion and that 42 percent of households will own a dog.

Each of the following new products is expected to be available on grocer's shelves this summer:
--  Kibbles 'n Bits(R) Wet Dog Food

        After last year's successful introduction of Kibbles 'n Bits
        HomeStyle dog food, Del Monte is introducing a new product to
        the $1.4 billion wet dog food category. This true innovation
        expects to inject life into the somewhat dormant category.
        Celebrating the great taste dogs and their owners have come to
        expect from Kibbles 'n Bits, the new product, in canned
        varieties, is one of the best-looking products in the category
        with unsurpassed taste. The product boasts intensely aromatic,
        hearty cuts made from real beef and chicken along with
        wholesome vegetable chunks and for added convenience, the
        product features an easy-open lid -- supporting Kibbles 'n
        Bits slogan More Taste. More Joy.

        Kibbles 'n Bits wet dog food also lets owners give their dogs
        the kind of food they'll love while providing all the
        nutrition they need - it meets AAFCO standards for 100 percent
        complete and balanced nutrition. The product is available in
        eight great-tasting flavors, including Burger Dinner with Real
        Bacon and Cheese Bits in Gravy; Tender Slices with Real Beef
        and Vegetables in Gravy; Hearty Cuts with Real Beef, Chicken
        and Vegetables in Gravy; Tender Cuts with Real Turkey, Bacon
        and Vegetables in Gravy; Tender Cuts with Real Beef and
        Vegetables in Gravy; Tender Cuts with Real Lamb, Rice and
        Vegetables in Gravy; Tender Slices with Real Beef, Chicken and
        Vegetables in Gravy; and Ground Dinner with Real Beef Chunks
        and Vegetables. Kibbles 'n Bits wet dog food is available in
        13.2-ounce cans that retail for around $.69-$.79 and 22-ounce
        cans that retail for around $1.09-$1.19. The 13.2-ounce can
        size is also available in a convenient 12-can variety pack.

    --  Meaty Bone(R) Chew-Lotta(TM)

        New Chew-Lotta dog snacks extends the success of the popular
        Meaty Bone brand in the dog snacks category and is a
        deliciously long-lasting, gnawable dog snack available in
        varieties for both large and small dogs. Chew-Lotta dog snacks
        features a delicious baked-in meaty taste and a plastic tray
        that gives a "butcher fresh" appearance to the product. The
        product is available in a one-bone, 6.3-ounce package for
        medium to large dogs, which retails for $2.99. The product is
        also available in a two-bone, 5.0-ounce package for small to
        medium dogs, which retails for $2.99.

    --  Snausages(R)to Go!, Pup-Peroni(R) to Go! and Meaty Bone(R) to
        Go! Treats

        With new products called Snausages to Go!, Pup-Peroni to Go!
        and Meaty Bone to Go! dog treats, Del Monte Pet Products is
        poised to continue to drive innovation in the $1.75 billion
        dog snacks category. Great for training and perfect for
        on-the-go treating or snacking, these dog treats are delicious
        miniature versions of Pup-Peroni, Snausages and Meaty Bone
        treats packaged in portable, pocket-sized containers that
        feature a clip for easy attachment to a belt or leash. The
        miniature snacks provide full-sized taste and are packaged in
        a resealable container to keep the product fresh. The product,
        available in select markets, features a 2.0-2.5-ounce package,
        which retails for around $1.99.


"Looking ahead," Lachman added, "Del Monte Pet Products is a business with very strong brands, which competes in one of the fastest growing consumer goods consumer goods

Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and
 categories, and we are excited about these new products and the prospect of continuing to delight pets and their owners in the coming year."

Del Monte Foods is one of the country's largest and most well-known producers, distributors and marketers of premium quality, branded and private label food and pet products for the U.S. retail market, generating over $3 billion in pro forma As a matter of form or for the sake of form. Used to describe accounting, financial, and other statements or conclusions based upon assumed or anticipated facts.

The phrase pro forma
 net sales Net Sales

The amount a seller receives from the buyer after costs associated with the sale are deducted.

Notes:
This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight
 in fiscal 2003. With a powerful portfolio of brands including Del Monte(R), Contadina(R), StarKist(R), S&W(R), Nature's Goodness(TM), College Inn(R), 9Lives(R), Kibbles' n Bits(R), Pup-Peroni(R), Snausages(R), and NawSomes! (R), Del Monte products are found in nine out of 10 American households. For more information on Del Monte Foods Company, visit the Company's Web site at www.delmonte.com.

This press 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.
 conveying management's expectations as to the future based on plans, estimates and projections at the time such statements are made. The forward-looking statements contained in this press release include statements related to expected performance of new and existing products in our Pet Products reportable segment. Forward-looking statements involve inherent risks and uncertainties and the Company cautions you that a number of important factors could cause actual results to differ materially from those contained in any such forward-looking statement, including offerings by competitors, failure to achieve expected sales and other factors. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof here·of  
adv.
Of this.


hereof
Adverb

Formal or law of or concerning this

Adv. 1. hereof - of or concerning this; "the twigs hereof are physic"
. The Company does not undertake to update any of these statements in light of new information or future events.
COPYRIGHT 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jul 12, 2004
Words:1189
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