Vita Announces Appointment of New Directors
November 28 2005 - 1:10PM
PR Newswire (US)
CHICAGO, Nov. 28 /PRNewswire-FirstCall/ -- On Monday, November 28,
2005, Vita Food Products, Inc. (AMEX:VSF) announced two additions
to the Company's Board of Directors, effective immediately. The new
directors are Scott W. Levitt and Glenn S. Morris. Mr. Levitt is a
seasoned executive in the accounting field, with over 29 years of
industry experience. His career includes 22 years in public
accounting, most recently with BDO Seidman LLP, an international
accounting and consulting firm. During his tenure with BDO Seidman,
Mr. Levitt progressed from Audit Partner to Managing Director of
the firm's Chicago office. Since 1998, Mr. Levitt has served as the
Vice President of Finance and Chief Financial Officer of Czarnowski
Display Service, Inc., a leading provider of integrated trade show
and event solutions. Mr. Levitt has a B.S. degree in accounting
from the University of Illinois and is a Certified Public
Accountant. He will serve on the Audit Committee of the Company's
Board of Directors. Mr. Morris has been the Chairman and Chief
Executive Officer of American General Holdings, Inc., an insurance
holding company with operating subsidiaries underwriting $40
million annually of non-standard automobile insurance in Illinois,
since 1995. He has also served as the General Partner of General
American Equities, a company involved in real estate acquisition,
development, financing, syndication and management with 57
properties in 17 states, since 1977; as President of Morris
Securities, Ltd. a broker-dealer and equity portfolio manager,
since 1977; and as President of M & C Investments, Inc., which
provides debt and equity investment services with current
portfolios under contract totaling $50 million, since 1996. Mr.
Morris has a B.A. in Economics and Chemistry from Lawrence
University and an M.B.A. from Harvard University. He will serve on
the Compensation Committee of the Company's Board of Directors.
"Vita is pleased to welcome these new directors to our Board," said
Steve Rubin, the Company's chairman and chief executive officer.
"We look forward to drawing on the excellent reputation and vast
experience of both of these highly qualified individuals." Vita
seafood is a U.S. leader in the herring and retail packaged salmon
markets, and is engaged in several other food segments, including
cream cheese, cocktail sauce, tartar sauce and horseradish. More
than 95% of Vita's sales are in kosher foods. Vita's common stock
is currently traded on the American Stock Exchange and Chicago
Stock Exchange under the ticker symbol VSF. Vita Specialty Foods,
Inc., the Company's wholly owned subsidiary, combines the products
of former entities The Virginia Honey Company and The Halifax
Group, Inc. Virginia Honey was a manufacturer and distributor of
honey, salad dressings, including its' award-winning Vidalia(R)
Onion Vinegarette salad dressing, cooking sauces, jams &
jellies, and gift baskets. Halifax was a manufacturer and
distributor of licensed brand-named products including the
world-renowned Jim Beam(R) brand of steak sauce, barbeque sauce,
marinade and related products and The Drambuie(R) Gourmet
Collection. Halifax also manufactured and distributed the Artie
Bucco(TM) line of products based on the popular HBO(R) series The
Sopranos(R), the award-winning Scorned Woman(R) gourmet food line,
the Oak Hill Farms(R) line of salad dressings and various gourmet
products and branded gift items. This release contains
forward-looking statements about the Company's future growth,
profitability, products and competitive position. Any such
statements are subject to risks and uncertainties, including
changes in economic and market conditions, industry competition,
raw material prices, the success of new product introductions,
management of growth and other risks noted in the Company's filings
with the Securities and Exchange Commission. Readers are cautioned
not to place undue reliance on forward-looking statements, which
reflect management's analysis only as of the date hereof.
DATASOURCE: Vita Food Products, Inc. CONTACT: Clifford Bolen,
Senior Vice President, COO, CFO, of Vita Food Products, Inc.,
+1-312-738-4500
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