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GROWING HEALTHY COMPLETES SECOND EQUITY PLACEMENT; NAMES KEY EXECUTIVES AND BOARD MEMBERS

 GROWING HEALTHY COMPLETES SECOND EQUITY PLACEMENT;
 NAMES KEY EXECUTIVES AND BOARD MEMBERS
 MINNEAPOLIS, June 4 /PRNewswire/ -- Growing Healthy Inc., the frozen baby food company, announced today that it has completed a second round equity placement of $6,000,000.
 The offering was oversubscribed by $1,500,000 and more than half of the funds came from individual investors. The balance of the funding came from Hambro International Venture Fund and other institutional investors.
 Growing Healthy Inc. was founded by Julia Knight, an experienced Minneapolis marketing executive, who perceived the need among health conscious parents for a naturally nutritious, more flavorful baby food. Growing Healthy all natural frozen baby food is significantly higher in nutrition and taste than jarred baby food. Because Growing Healthy is gently cooked, then fresh frozen, the vitamins and nutritional content are locked-in. The preparation process for jarred baby foods cooks the foods at very high temperatures for long periods of time, so many vitamins and nutritional benefits are destroyed. And unlike many jarred baby foods, Growing Healthy contains no fillers or additives such as salt, sugar or modified food starch.
 Growing Healthy has achieved unusually broad distribution in each of the markets it has entered. The company's line of 18 products, which includes strained fruits, vegetables and dinners, as well as junior and chunky dinners, is currently in distribution at all major grocery retailers in the state of Minnesota and St. Louis, Mo., and is currently being introduced very successfully in Chicago.
 In addition to Ms. Knight, CEO, other executives of Growing Healthy include:
 -- William Bastian - vice president of sales. Bastian joined Growing Healthy from the Pillsbury company, where he was director of sales planning, specializing in frozen foods, with responsibility for all trade, marketing and food broker relations on the Totino's/Jeno's line and Pillsbury Toaster/Microwave brands.
 -- William Gunter - vice president of operations. Gunter joined Growing Healthy from Quali-Tech, Inc. where he was director of operations. Prior to that, he was with Pillsbury/Green Giant in a series of positions from quality manager to manufacturing manager.
 -- Donald Frank, C.P.A. - controller. Frank joined Growing Healthy from Dahl & Associates where he was controller and prior to that, Peat Marwick Main.
 Growing Healthy's board of directors includes Knight; Robert Furst, owner of Furst Capital Management, a securities and commodities trading and investment firm; Francis Janis, partner, Hambro International Venture Fund; Lloyd Sigel, president and CEO, Lloyd's Food Products; and Thomas Wilkolak, executive vice president/general manager - motivation division, Carlson Frequency Marketing Company.
 Julia Knight, CEO of Growing Healthy said, "We are very pleased to have gone over the top in our funding effort. This is certainly a measure of the enthusiasm everyone seems to feel for the Growing Healthy product. Also, we are gratified to have assembled such an experienced group of officers and board members. We are off to a great start and are looking forward to further expanding our distribution."
 -0- 6/4/92
 /CONTACT: Jack Falker or Susan Eilertsen of Swenson Falker Eilertsen, 612-371-0000, for Growing Healthy, or Julia Knight of Growing Healthy, 612-942-5655/ CO: Growing Healthy, Inc. ST: Minnesota IN: FOD SU: PER


AL -- MN008 -- 6946 06/04/92 10:02 EDT
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Publication:PR Newswire
Date:Jun 4, 1992
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