Printer Friendly

HEAVENLY SLENDER SWEETS NAMES CEO, PRESIDENT

 ANAHEIM, Calif., March 4 /PRNewswire/ -- Heavenly Slender Sweets Inc. (OTC Bulletin Board: HVSS) announced today that John Budd, former chief executive officer, Lever Bros., Food Division, has given his letter of intent to become chief executive officer, president, of Heavenly Slender Sweets Inc. upon the completion of the private placement of 1 million units at $.75 per unit. Budd has launched such nationally known products as Imperial Margarine and Mrs. Butterworth's Syrup. In the Interim Financing Private Placement, each unit consists of one common restructured share and one-half share warrant, exercisable at $1.50 per share, within 36 months. All common shares will be restricted to trade for a period of at least two years from the date of purchase. Budd has acted as marketing consultant to HVSS since July 1992. Budd projects that the Love Me Slender desserts will be in the marketplace by summer 1993 with the possibility of national food chain distribution. Budd has developed a Pina Colada Sundae marketing program for a national Mexican fast- food chain. He projects that the "99 Calorie, 99 cents" soft-serve sundae will be one of the first major dessert contracts negotiated by Heavenly Slender Sweets Inc. Management anticipates that Budd's presidency will commence around March 15, 1993.
 Heavenly Slender Sweets Inc. also announced it has just entered into an agreement with INVESTL'INC. of Chicago, for financial and investor public relations. INVESTL'INC. recognized the business potential of DIGITRAN Inc. (OTC Bulletin Board 35 cents per share to full AMEX listing, $9.50 per share); and CAMI'Z Inc. (NASDAQ $1 per share to more than $6 per share). Troy Wiseman, president of INVESTL'INC., stated today that "Heavenly Slender Sweets Inc., because of its fundamentals and quality products, along with the exceptional management leadership of Mr. John Budd, could very well leap frog' into the consumer marketplace with significant impact in the very near future. This success will underline the value and be reflected in the market price of the company's common shares." INVESTL'INC. has negotiated a performance-based compensation contract for 300,000 warrants of HVSS common shares.
 The HVSS shares are considered a "non-Designated Security" by virtue of the audited net worth of the company. Audited financial statements and attorney's opinion letter available upon request.
 -0- 3/4/93
 /CONTACT: Beverlee Kamerling of Heavenly Slender Sweets, 800-245-4877/
 (HVSS)


CO: Heavenly Slender Sweets Inc. ST: California IN: FOD SU: PER

JL-KJ -- LA002 -- 2796 03/04/93 08:45 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Mar 4, 1993
Words:406
Previous Article:CIRCUIT CITY STORES, INC. REPORTS FEBRUARY AND FISCAL YEAR SALES
Next Article:CARTER HAWLEY HALE REPORTS FEBRUARY SALES
Topics:


Related Articles
HEAVENLY SLENDER SWEETS COMPLETES $12,000,000 PRIVATE PLACEMENT DEAL
HEAVENLY SLENDER ANNOUNCES REVERSE STOCK SPLIT
HSDF ACQUIRES PACIFIC PHARMACEUTICALS INC.
HEAVENLY SLENDER FOODS MAKES ANNOUNCEMENT REGARDING ACQUISITION OF PACIFIC PHARMACEUTICALS
SUNMARK INDUSTRIES I INC. ANNOUNCES PURCHASE OF GREAT NORTHWEST SEAFOOD
Washington Post Ranks Heavenly Ham #1.
All the President's woman..; Power of love hits Michael.
Gardening : These Plants Will Drive You Up The Garden Wall With Delight.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters