Poore Brothers Announces Proposed Name Change to The Inventure Group, Inc.
April 10 2006 - 6:45AM
Business Wire
Poore Brothers, Inc. (Nasdaq: SNAK), a manufacturer and marketer of
innovative snack food brands, today announced it will ask
shareholders to approve changing the Company's name to The
Inventure Group, Inc. at its annual meeting scheduled for May 23,
2006. The change is designed to better reflect the Company's
diverse holdings of innovative consumer product ventures, including
T.G.I. Friday's(R) brand snack food and meat snack products, Poore
Brothers(R) brand snack food products, Boulder Canyon Natural
Foods(TM) brand snack food products, Cinnabon(R) brand cookie
products, Bob's Texas Style(R) brand snack food products, Tato
Skins(R) brand snack food products, Braids(R) brand snack food
products as well as private label potato chip manufacturing and
snack food distribution operations in Arizona. If shareholders
approve the change, the Company's shares will continue to be traded
under the symbol SNAK. Since an initial public offering in 1996,
the Company has evolved from a regional potato chip manufacturer
and distributor to a national marketer and manufacturer of
innovative consumer products, with the majority of the Company's
growth occurring as a result of acquisitions and new brands,
particularly with licensed brand partners such as T.G.I.
Friday's(R). The Company intends to continue growing all facets of
its existing business as well as build innovative new ventures
while it continues to pursue its strategic goal of becoming a $200
million marketer of Intensely Different(TM) consumer brands. "The
Company believes the name change better represents the diverse
array of products we currently market as well as communicate our
vision of continuing to deliver rapid growth from exciting and
innovative new ventures. We are proud of our Poore Brothers legacy
and intend to celebrate the 20th anniversary of the brand this fall
with a variety of marketing activities and new products, but we
also recognize the need to have a corporate identity that reflects
the diversity of our product lines and our expectation for
continued growth from innovation and new ventures," commented Mr.
Eric Kufel, the Company's Chief Executive Officer. About Poore
Brothers, Inc. With facilities in Indiana and Arizona, Poore
Brothers is a marketer and manufacturer of Intensely Different(TM)
snack foods under a variety of owned or licensed brand names,
including T.G.I. Friday's(R), Cinnabon(R), Tato Skins(R), Poore
Brothers(R), Bob's Texas Style(R), and Boulder Canyon Natural
Foods(TM). For further information about Poore Brothers or this
release, please contact Eric J. Kufel, Chief Executive Officer, at
(623) 932-6255, or logon to http://www.poorebrothers.com.
Statements contained in this press release that are not historical
facts are forward looking statements as that term is defined in the
Private Securities Litigation Reform Act of 1995. Because such
statements include risks and uncertainties, actual results may
differ materially from those expressed or implied by such
forward-looking statements. Factors that may cause actual results
to differ from the forward-looking statements contained in this
press release and that may affect the Company's prospects in
general include, but are not limited to, the potential need for
additional financing, acquisition-related risks, significant
competition, customer acceptance of new products, dependence upon
major customers, dependence upon existing and future license
agreements, general risks related to the food products industry,
and such other factors as are described in the Company's filings
with the Securities and Exchange Commission.
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