B&D Food Corp. Elects New Company Officers
18 Januar 2006 - 4:47PM
PR Newswire (US)
NEW YORK, Jan. 18 /PRNewswire-FirstCall/ -- B&D Food Corp.
(OTC:BDFC) (BULLETIN BOARD: BDFC) today announced that it has
appointed Mr. Yaron Arbell as Chief Executive Officer, Mr. Yossi
Haras as Chief Financial Officer and Mr. Jacques Ollech as
Executive Vice President, effective as of January 12, 2006. The
company also announced that Mr. Arbell and Mr. Jacques Ollech would
be joining Daniel Ollech on the company's Board of Directors. Mr.
Arbell has 14 years of executive management experience. Most
recently, he headed the reform of Israel's pension funds serving as
CEO of Mivtachim -- The Workers Social Insurance Pension Fund Ltd,
the largest pension fund in Israel and four other smaller pension
funds with total assets of more than $22 billion, and more than 400
employees. Throughout his career, Arbell has served as CEO for a
variety of companies. Arbell has also participated in the
restructuring of various companies including three banks, El Al --
Israel airlines and other companies in various sectors. Mr. Haras
has over nine years of finance experience. Most recently, Haras
served as Senior Account Manager for Kost Forer Gabbay &
Kasierer, a member of Ernst & Young Global. Besides managing
the audit of financial statements of foreign companies traded on
the U.S. stock exchanges, he worked on the initial public offerings
of major companies on various international stock exchanges. Mr.
Ollech has 20 years of experience in the coffee industry as a
manufacturer, broker and distributor in Brazil, Russia, China,
Europe and Israel. He is also the developer of "Brazilian Best,"
the second largest selling coffee brand in Russia from 1997-2001.
Mr. Ollech also serves as a director of the Livorno Group, an
international holding company with holdings in various world
trading companies in the areas of coffee, sugar, and oil. Daniel
Ollech, Chairman and President of B&D Food Corp stated, "We are
excited to have Yaron, Yossi and Jacque on board. Their management
and financial expertise will prove to be valuable as we continue to
grow as a company." About B&D Food Corp. B&D Food Corp. is
a holding company, which as of today holds a subsidiary coffee
manufacturing company in Brazil. The company's subsidiary is one of
the largest coffee manufacturing facilities in Brazil, and
manufactures coffee products such as roasted ground and soluble
coffee with the best basic key ingredient of Brazilian coffee
beans. Quality is at the forefront of their mission of producing
new and innovative coffee products. The company's management seeks
to expand its holdings and its international presence by acquiring
U.S. based coffee distributors in order to capitalize on the
combined production and marketing synergies. Certain
forward-looking statements made on this press release are made
pursuant to the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements are based
on current management expectations that involve risks and
uncertainties that may result in such expectations not being
realized. Potential risks and uncertainties include, but are not
limited to the risks described in the company filings with the
Securities and Exchange Commission. DATASOURCE: B&D Food Corp.
CONTACT: Tim Clemensen of Rubenstein Investor Relations,
+1-212-843-9337, Web site: http://www.bdfcorp.com/
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