Friday, November 07, 2014 6:28:44 PM
Mr. Nicholas Dunn, the Sr. Director of Operations and Product Research for Bella Vida commented, "Bella Vida Brands is excited about the opportunity to merge into a public entity that has such an experienced management team, including Mr. Leonard F. Genovese of the Genovese drug store chain. We are confident that the merger of our two entities will provide enhanced distribution channels and market exposure for Bella Vida Brands, and the ability to raise capital as a public venue will enable Bella Vida to add significant inventory and brand exposure to the marketplace."
Steven Baritz, the CEO of NSAV said, "Fox Business News Small Business Center has provided researched input into the Artisanal food and beverage space, and their findings showed that Artisanal and specialty food sales have soared by 19.1% since 2011, according to the National Association for the Specialty Food Trade. Additionally, the research firm Packaged Facts reports that nearly 46% of U.S. Adults agree or strongly agree that they "like to eat food or beverage products with artisan appeal." Mr. Baritz continued, "Clearly, these findings from these reputable sources dovetail with our own due diligence evaluation of this space, and more particularly, with Bella Vida Brands as that partner for NSAV in that space." Baritz continued, "More press releases will be forthcoming as we close on this acquisition, which we expect to complete by year's end 2014."
$NSAV
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