The production and distribution of high-quality coffee is only one side of B&D's vision to potential market growth.
August 22, 2007 (PRLEAP.COM) Business News
B&D® food corp. (OTCBB: BDFC.OB) operating in the food and beverage industry, B&D specializes in the trading, roasting and distribution of top quality Arabica coffee and related products.B&D's growth strategy begins with arming the company with the professional personnel required to carry its vision forward. The B&D team members are all well experienced executives in their respective fields and we believe that the team’s skills, as a whole, cover all aspects of not only the coffee trade, but also the management skills required in operating the business and financial sides of a multileveled, international company.
In parallel to management upgrading, the company is engaged in various acquisition negotiations that will potentially reach closure in the short and medium term future. The strategy in selecting companies for acquisition is based on a simple concept:
B&D approached successful and healthy companies that, upon joining with B&D, will compliment the company's current operation with a vast distribution system or production synergies.
The first two companies are in their final stages of closure with non-binding LOIs signed.
The consideration used to acquire these companies is the faith of the acquirees that B&D’s stock price will rise upon the consummation of the acquisition of these companies and others that will potentially be acquired by B&D in the near future.
B&D is also expected to regain its production ability in the near future as the factory’s upgrading and refurbishment is nearing its end. Upon returning to production, B&D should be well placed to take advantage of its latest business accomplishments.
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.