CORRECTION FROM SOURCE: Essex Angel Capital Inc. Announces 3Gyros Expands Product Distribution to U.S.
30 Settembre 2011 - 10:19PM
Marketwired Canada
A correction from source is being issued for the press release that was
disseminated at 1:24 p.m. ET on September 30, 2011 due to an error in the ticker
symbol. The complete and correct release follows.
Essex Angel Capital Inc. (TSX VENTURE:EXC) (the "Corporation") is pleased to
announce that 3Gyros, one of the companies in the Corporation's portfolio, is
expanding its product distribution to several large supermarket chains in the
United States. 3Gyros' complete line of full-flavor zero-calorie, fat- and
gluten-free salad dressings are currently available at many Canadian outlets,
including WalMart Supercenters, Metro, Sobeys Urban, Ontario Foodland, and
Loblaws stores. The expansion into the U.S. market will more than double the
number of stores stocking 3Gyros dressings.
"3Gyros is positioned for dramatic sales growth in 2012, with our increased
store listing base, launch of new creamy dressings, such as Ranch and Caesar,
and a social media program targeted to our key consumers," said International
Sales Manager Tim Fittler. "3Gyros Zero dressings are being well received by
both the health-conscious retailer and their increasingly health-conscious
customer base, for bringing great-tasting salad dressings to market without
compromising their dietary goals."
3Gyros is rapidly expanding through recently secured listing agreements with
KeHE distributors, a leading retail food distributor in the United States, with
more than 4,000 outlets. The target date for the launch into the U.S. market is
January 2012. The company is also securing listing agreements with HEB
Supermarkets, which has 329 outlets in Texas and Mexico, and will initially
place five of their dressings in 175 HEB stores beginning in January. 3Gyros
previously completed a successful U.S. pilot launch in 170 Hannaford
supermarkets in New England in August 2011. Hannaford is part of the Delhaize
Group.
3Gyros salad dressings were developed to accommodate nearly all diet
plans-hence, the company's slogan, "No Diet Left Behind." The dressings' profile
is not only calorie-free, but also fat-free, sugar-free, gluten-free, and
dairy-free, as well as low-sodium, making them suitable for all weight loss,
diabetes, celiac disease, heart disease, and lactose-intolerance diets. The
company is increasing the product line from four to nine flavors, with Ranch,
Caesar, Thousand Island, French, and Balsamic scheduled to be added in January
2012, to the original flavors of Mediterranean Vinaigrette, Italian Vinaigrette,
Raspberry-Flavored Vinaigrette, and Mango-Flavored Vinaigrette. The products are
packaged in a distinctively shaped bottle that is shrink-wrapped in the bright
3Gyros label. All nine dressings carry the Health Check(TM) of the Heart and
Stroke Foundation of Canada.
"We are thrilled to be growing and expanding into the U.S. market," said 3Gyros
president/CEO Thanos Zikantas, a successful Windsor restauranteur. "We are
expanding product distribution while developing strong partnerships with
retailers throughout North America. Building relationships is one of our
fundamental principles, along with passion and commitment to produce the best
products. What is revolutionary is that we've managed to bridge zero-calories
with a great taste profile, all the while upholding 'No Diet Left Behind.'"
"This is a milestone moment for 3Gyros," according to Rick Galdi, CEO &
president of Essex Angel Capital. "This company is fully prepared for their
launch into the huge United States market, where their unique products will find
a whole new range of customers."
About Essex Angel Capital
Essex Angel Capital of Windsor, Ontario, is a publicly traded company engaged in
the business of debt and equity investment in privately held early-stage
companies. Essex is traded on the TSX Venture Exchange under the symbol "EXC."
This press release contains certain forward-looking statements about the future
plans and intentions of companies in the Corporation's portfolio. Wherever
possible, words such as "may," "will," "should," "could," "expect," "plan,"
"intend," "anticipate," "believe," "estimate," "predict," or "potential," or the
negative or other variations of these words, or similar words or phrases, have
been used to identify these forward-looking statements. These statements reflect
Management's current beliefs and are based on information currently available to
Management as at the date hereof. Forward-looking statements included or
incorporated by reference in this press release include statements with respect
to future business activity of 3Gyros.
Forward-looking statements involve significant risk, uncertainties, and
assumptions. Many factors could cause actual results, performance, or
achievements to differ materially from the results discussed or implied in the
forward-looking statements. These factors should be considered carefully and
readers should not place undue reliance on the forward-looking statements.
Although the forward-looking statements contained in this press release are
based upon what management believes to be reasonable assumptions, the
Corporation cannot assure readers that actual results will be consistent with
these forward-looking statements. These forward-looking statements are made as
of the date of this press release, and the Corporation assumes no obligation to
update or revise them to reflect new events or circumstances, except as required
by law.
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