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HEAVENLY SLENDER SWEETS COMPLETES $12,000,000 PRIVATE PLACEMENT DEAL

 ANAHEIM, Calif., May 10 /PRNewswire/ -- Heavenly Slender Sweets Inc. (HVSS) announced today the signing of a private placement agreement with UNIVERSALE GENERALE, N.V.s.a., a reinsurance group of Antwerp, Belgium and their Canadian venture capital affiliate. The agreement provides for the sale of 5,000,000 HVSS common shares for a purchase price of $12,500,000, payable monthly by a guaranteed annuity at the rate of $1,250,000, per year for 10 years. UNIVERSALE GENERALE, N.V.s.a., through their Canadian company, will deposit approximately six months payments to the credit of HVSS to provide the necessary capital to launch the HVSS diet dessert product line, under the tradename "Love Me Slender."
 John Budd, senior marketing member of the HVSS advisory board and formerly chief operating officer of Lever Bros., Food Division (UNILEVER) accepted the full-time position to implement the HVSS national marketing and distribution program in April 1993. This capital infusion will provide for "full scale" national account program presentations to commence distribution of the rich tasting, low-calorie desserts. Heavenly Slender Sweets Inc. and the "Love Me Slender" product line will preview their "timely" and cost-effective restaurant product line at the National Restaurant Association Annual Convention, May 22-26, Chicago.
 The HVSS common shares are a "non-Designated Security" by virtue of the audited net worth of the company, under the SEC 15c2-6 exemption provision.


Audited financial statements and attorney's opinion letter available upon request. The company anticipates to comply with the necessary requirements to file for a listing on the American Stock Exchange, Emerging Growth Company Board or other regulated exchange within the near future.
 -0- 5/10/93
 /CONTACT: Beverlee Kamerling of Heavenly Slender Sweets, 800-245-4877/


CO: Heavenly Slender Sweets Inc. ST: California IN: SU: JVN

EH -- LA018 -- 6408 05/10/93 10:36 EDT
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Publication:PR Newswire
Date:May 10, 1993
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