Leading Brands, Inc. Announces Key Appointments And New Bottling Division
VANCOUVER, CANADA - March 5, 2002 - LEADING BRANDS, INC. LBIX, Canada's largest independent, fully integrated premium beverage company, today announced several new corporate appointments and the formation of a new bottling division.
Gerry Kenyon has been appointed President and Chief Operating Officer of Leading Brands, Inc. Formerly the head of a large regional grocery chain, and presently the President of the Company's Quick, Inc. subsidiary, Mr. Kenyon brings more than 30 years of food and beverage experience to the Company. Having spent the past 18 months developing and implementing the Quick technology and system, Mr. Kenyon will continue to have primary responsibility for that business, in addition to his new responsibilities. Ralph McRae relinquishes the title of President of Leading Brands, Inc. to Mr. Kenyon and continues as Chairman and Chief Executive Officer of the Company.
To better serve its hot-fill bottling and private label juice customers, the Company has formed a separate operating division, North American Bottling. Tim Dagg has been appointed President of North American Bottling and will run that division out of Vancouver. A former Co-Chief Operating Officer of Leading Brands of Canada, Inc., Mr. Dagg will be responsible for overseeing the continued growth and expansion of the Company's premium hot-fill bottling operations, both in Canada and the United States. In particular, Mr. Dagg will be tasked with seeking out hot-fill bottling opportunities in support of the Company's expansion into the United States.
Dave Read has been appointed President of LBI Brands, Inc., the Company's brand management subsidiary. In that capacity Mr. Read will be responsible for developing new beverage and food products, as well as the growth and expansion of the Company's existing brand portfolio. Also a former Co-Chief Operating Officer of the Leading Brands of Canada, Mr. Read will continue to work out of the Company's Edmonton operation.
Pat Wilson has been appointed Vice-President of Sales and Jody Christopherson has been appointed Vice-President of Operations for Leading Brands of Canada, Inc. Formerly Vice-President of Sales for Eastern Canada, Mr. Wilson will continue to be located in the Company's St. Jean, Quebec office, near Montreal. Mr. Christopherson, formerly Assistant Vice-President of Sales for Western Canada, will work out of Edmonton.
These appointments are in addition to those announced on February 12, 2002 of Bob Miller as President of Leading Brands of America, Inc. and Howard Wishner as Executive Vice-President of Marketing and Chief of Corporate Communication of Leading Brands, Inc.
In commenting on these appointments, Ralph McRae, Chairman and Chief Executive Officer of Leading Brands, Inc., stated, "These new appointments and expanded capabilities will help support the tremendous growth which we anticipate over the next few years. Each of these people brings to us years of experience and impressive accomplishments in the food and beverage industry. More importantly, however, they have exhibited the entrepreneurial zeal necessary to succeed in this rapidly changing industry.
Mr. McRae concluded, "Additionally, these changes are focused on supporting our drive into the United States market where we believe our opportunities are boundless."
About Leading Brands, Inc.
Leading Brands, Inc. (NASDAQ:LBIX) is North America’s only fully integrated premium beverage company. The Company’s unique Integrated Distribution System (IDS) ™ offers turnkey, one-stop shopping to food and beverage brand owners, including manufacturing, distribution, sales/marketing and licensing. In addition, Leading Brands produces their own line of beverages such as TrueBlue®, LiteBlue®, TREK® Natural Sports Drinks, NITRO® Energy Drinks, INFINITY® Health Water™, Country Harvest® Juices, and Caesar’s® Cocktails.
Forward Looking Statements
Certain information contained in this press release includes forward-looking statements. Words such as “believe”, “expect,” “will,” or comparable terms, are intended to identify forward-looking statements concerning the Company’s expectations, beliefs, intentions, plans, objectives, future events or performance and other developments. All forward-looking statements included in this press release are based on information available to the Company on the date hereof. Such statements speak only as of the date hereof. Important factors that could cause actual results to differ materially from the Company’s estimations and projections are disclosed in the Company’s securities filings and include, but are not limited to, the following: general economic conditions, weather conditions, changing beverage consumption trends, pricing, availability of raw materials, economic uncertainties (including currency exchange rates), government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other risk factors described from time to time in securities reports filed by Leading Brands, Inc.