~HBSL News...
HOUSTON--(BUSINESS WIRE)--March 3, 2004--House of Brussels Chocolates ("Brussels" or "the Company") (OTC BB:HBSL - News), through its CEO Grant Petersen, is pleased to announce the immediate appointment of Robert C. Wesolek, CPA to the position of Chief Financial Officer and Director of the Company. Wesolek replaces retiring CFO, Evan Baergen.
Wesolek is a veteran and accomplished CFO with a rare blend of financial management and information technology skills. His vast experience with public companies, SEC compliance and strong fiscal management will complement Brussels' expansion into the next phase of its business model.
From his roots as Senior Practice Manager at Arthur Andersen & Co. in the 1980's to his recent stint as President and CEO of The Navigates Corporation, Wesolek has demonstrated astute management and implementation of strong fiscal policies. He is a people-oriented leader who is uniquely skilled in team building, problem solving and results-oriented management.
Wesolek, a resident of Houston, TX, will be responsible for completing the transition of Brussels' administrative headquarters to Houston. Having a US based, operational CFO with budgeting, analysis and banking expertise is a clear message of Brussels' intent to focus on corporate development in the United States.
Wesolek graduated Magna Cum Laude with a B.A., Finance & Accounting from Michigan State University.
Wesolek was quoted saying, "Upon analyzing Brussels' business model and their upside prospects, I was compelled to join their winning team."
Grant Petersen, CEO of Brussels, said, "It has been a pleasure building Brussels with Evan over the last two years. His contributions to the company cannot be underestimated and our current success is in large part his doing. Evan is a turnaround and restructuring specialist. With that part of our rebirth complete, and the Company moving its administrative headquarters to Houston, I am not that surprised that Evan is ready for a new challenge in his home country of Canada." Petersen continued, "We look forward to growing to the next level with Bob."
About House of Brussels Chocolates Inc. (www.brusselschocolates.com)
For more than 20 years, House of Brussels Chocolates has manufactured and distributed high-end, award-winning chocolates. Headquartered in Houston, TX, HBSL has manufacturing plants in Vancouver and San Francisco. HBSL's signature product is the chocolate hedgehog, which marries the traditional Belgian symbol of good luck (i.e., the hedgehog) with taste (i.e., chocolate) for a strong customer appeal. Even though many of HBSL's 100 products are based on its signature hedgehog, including the recently released Sonic The Hedgehog® chocolate bar - under license from SEGA® of America, Inc., our future sales growth is directed towards emerging market trends. In addition to a broad spectrum of products in the Gourmet/Ultra-Gourmet category, HBSL now manufactures a complete line of no-sugar-added/low-carbohydrate line of chocolate bars and truffles and several nutritional supplement bars. In addition to house brands, HBSL creates custom packaging, shaping and sizing as well as private labels for several major North American retailers.
Safe Harbor: Certain statements in this news release regarding future expectations and plans may be regarded as "forward looking statements" as defined by federal law. Although the Company believes such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Any such statements are made in reliance on the "safe harbor" protections provided under the Private Securities Reform Act of 1995. They are subject to various risks, including uncertainties regarding timing, and capital availability, as discussed in detail in House of Brussels quarterly and annual reports filed with the SEC.
Regards,
John Veltheer, PhD
Chief Operating Officer
House of Brussels Chocolates Inc.
Corporate websites:
www.brusselschocolates.com
www.chocomed.com
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