To: Dave Gore who wrote (7151 ) 3/10/1999 11:45:00 AM From: VMan Read Replies (1) | Respond to of 11130
*** STGA *** News out on Saratoga . . Importer and producer of specialty italian foods and cheeses Company is fully reporting . . Earnings through 9/98 is up 42% @ $800,000 Float is around 4.8 million stock price is around $1 Earnings report at the end of the month Building E-commerce site for their products Here is the latest PR today . . . Wednesday March 10, 9:36 am Eastern Time Company Press Release Saratoga Brands Enters Exclusive Agreement to Market Broadway Basketeers Gourment and Specialty Food Baskets On Its E-Commerce Web Site LAKEWOOD, N.J.--(BUSINESS WIRE)--March 10, 1999--Saratoga Brands Inc. (NASDAQ: STGA - news) today announced the signing of an exclusive marketing agreement that Saratoga's subsidiary, Cucina Classica Italiana, Inc., has entered into with Broadway Basketeers of Lakewood, New Jersey. The agreement provides for Cucina Classica Italiana to market newly created Gourmet and Specialty Food Baskets designed exclusively for sale on Cucina Classica Italiana's E-Commerce Web Site, which is currently under development by WebQuill Internet Services, LLC. ''Cucina Classica Italiana is committed to providing unique and upscale products for the discriminating internet buyer.'' said Peter Dardaganis, Cucina Classica Italiana's Vice President of Sales and Marketing. ''This agreement with Broadway Basketeers represents the first of a series of agreements that Cucina Classica Italiana is committed to developing in an effort to provide the best value for its customers,'' he added. Scott Halperin, Saratoga's Chairman added ''This agreement is in line with our focus to become a major player in the on-line specialty food arena.'' Cucina Classica Italiana, Inc. imports and produces under license Italian specialty cheeses and other premium specialty foods, including the world-renowned brands from Egidio Galbani S.p.A. Except for historical information contained herein, the matters discussed in this news release are forward looking statements that involve risk and uncertainties. The forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including without limitation the presence of competitors with broader product lines and greater financial resources; intellectual property rights and litigation, needs of liquidity; and the other risks detailed from time to time in the company's reports filed with the Securities and Exchange Commission. Contact: Jay Goldberg, President Carnegie Cooke and Company 1-(800) 262-2331