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Microcap & Penny Stocks : Cuisine Solutions (CUIS)

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To: leigh aulper who wrote ()6/22/1999 3:13:00 PM
From: leigh aulper  Read Replies (1) of 29
 
Cuisine Solutions Signs Letter of Intent to Purchase European Food Manufacturer

ALEXANDRIA, Va., June 22 /PRNewswire/ -- Cuisine Solutions, Inc. (OTC Bulletin Board: CUIS), announced today that it has entered into a letter of intent to acquire Nouvelle Carte, the leading quality sous vide manufacturer in Europe.

Nouvelle Carte has already established itself as a high quality producer of sous vide products and has strong relationships with major international retailers, airline caterers and a growing foodservice segment.

"The synergies of both the manufacturing technology and business strategy of Nouvelle Carte make it an ideal acquisition for Cuisine Solutions," says Cuisine Solutions CEO Stanislas Vilgrain. "The acquisition is expected to meet the current demand for manufacturing capabilities on both sides of the Atlantic to service international flights to and from Europe, and strengthen ties to our growing international customer base."

Under the proposed terms of the acquisition, Cuisine Solutions will issue stock to complete the transaction.
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