Dramatic rises in the coffee and milk sectors continue- B&D expected to benefit from its intended acquisitions
August 11, 2007 (PRLEAP.COM) Lifestyle News
B&D® food corp. (OTCBB: BDFC.OB) operating in the food and beverage industry, specializing in the trading, roasting and distribution of top quality Arabica coffee and related products. B&D has announced the signing of a non-binding LOI to acquire Leite Canaan(powdered milk) and Geskan Industria (specialty coffee).The acquisitions are expected to expand B&D's operations and market visibility in many ways. These companies have been chosen carefully and are expected to compliment B&D's abilities and operations in creating various synergies and marketing opportunities.
Leite Canaan- One of Brazil's largest powdered milk producers and a very strong brand name is South Brazil. The factory is able to produce 17 tons/day of high-quality powdered milk.
Geskan Industria- The producer of food service products such as ready-to-use espresso pads. Geskan is an operator of a wide-spread marketing and distribution system B&D hopes to utilize in marketing its various products across South-Brazil.
As well as signing the mentioned LOI's, B&D has also recruited Mr. Gilberto Codognotto, the current owner of the Canaan group to join B&D's board of directors, pending the final signing of the acquisition papers.
All three factories (including B&D) are located in close proximity to both Rio de Janeiro and Santos harbors- Brazil's two main export harbors, which intends to make the future products appealing to overseas costumers.
These acquisitions and others that are in various stages of negotiation, are the result of B&D's desire to expand its hold on the Brazilian and worldwide markets, hence becoming a multi-sectored company overseen by a professional and industry savvy management.
Safe Harbor Statement
This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," ''confident'' and similar statements. Among other things, expectations about the Brazilian coffee and food market and quotations from management in this announcement contain forward-looking statements. Statements that are not historical facts, including statements about B&D Food Corp's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties that could cause actual results to differ materially from those contained in any forward- looking statements. Further information regarding these and other risks is included in our annual report on Form 10KSB and other documents filed with the Securities and Exchange Commission. All information provided in this press release is as of July 18, 2007 and B&D Food Corp. undertakes no duty to update such information, except as required under applicable law.