Printer Friendly

SARATOGA BRANDS INC. COMPLETES FINANCING TRANSACTIONS

 NEW YORK, Feb. 11 /PRNewswire/ -- Saratoga Brands Inc. (NASDAQ: STGA), a manufacturer and distributor of premium snack foods, announced today the sale to a group of European institutional investors under Regulations S of the Securities Act of 1993, as amended, of 80,000 Saratoga Brands common shares and warrants expiring on Feb. 16, 1993 (unless extended) to purchase an additional 720,000 shares. President Daniel J. Feld said that, assuming the warrants are exercised as anticipated, the total value of the transaction is $500,000. He said that the funds will be used for working capital purposes.
 Saratoga Brands, Inc. whose premium potato chips include brand names, "Saratoga Potato Chips" and "George Crum's Special Batch," also manufactures "Mom & Popcorn" and distributes "Reisman Pretzels," "New York's Muncho Crunchy Tortilla Chips," and other premium snack foods in metropolitan New York City. Saratoga supplies private label kettle cooked potato chips for Waldbaum's and ShopRite in metropolitan New York, and provides a variety of snack foods to airline and institutional customers.
 -0- 2/11/93
 /CONTACT: Dan Feld of Saratoga Brands, 718-893-2100, or Michelle Sotnikow of Howard Bronson & Company, 212-867-6160, for Saratoga Brands/
 (STGA)


CO: Saratoga Brands Inc. ST: New York IN: FOD SU:

KD-LR -- NY032 -- 5626 02/11/93 10:54 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:Feb 11, 1993
Words:209
Previous Article:NATIONAL STARCH CONTINUES EXPANSION IN THE PACIFIC
Next Article:INTERNATIONAL GAMING MANAGEMENT, INC. STOCK APPROVED FOR NASDAQ
Topics:


Related Articles
SARATOGA BRANDS BEGINS SHIPPING TO DELTA
SARATOGA BRANDS TO BEGIN DISTRIBUTING NEW SNACKS IN METRO NEW YORK
SARATOGA BRANDS REPORTS RESULTS
SARATOGA BRANDS SIGNS LETTER OF INTENT TO ACQUIRE DIXIE BRANDS; PLANS $2.5 MILLION FINANCING
SARATOGA BRANDS REPORTS SECOND QUARTER RESULTS
REPTRON ELECTRONICS, INC. COMPLETES THE ACQUISITION OF THE ELECTRONIC SEMICONDUCTOR COMPONENTS DISTRIBUTION BUSINESS OF WESTERN MICRO TECHNOLOGY, INC.
SARATOGA BRANDS COMPLETES SECOND ACQUISITION IN R.I. SINCE BEGINNING OF THIS YEAR
Saratoga Beverage Group and The Fresh Juice Company Announce Execution of Agreement and Plan of Merger
North Castle Partners Acquires Saratoga Beverage Group.
Saratoga Partners Completes Advanced Lighting Investment.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters