IRVINE, CA, United States, via ETELIGIS INC., 10/28/2014 – – Glow Holdings, Inc. (OTC Pink: GLOH) (PINKSHEETS: GLOH), announced today that the company closed the merger transaction and acquired Cedar River Foods, LLC on October 24, 2014. As a result of the closing Cedar River Foods’ operations are now contained in Cedarriver, Inc., a wholly-owned subsidiary of Glow Holdings, Inc.
Colgate Holmes, the Chairman of Glow Holdings stated, “This is a momentous occasion for Glow and its shareholders and we are thrilled to acquire the Cedar River Foods operations. This is our first step in executing our strategic plan, which is to merge with and/or acquire operating companies in key targeted business segments, to aggressively and strategically grow Glow. To achieve our goals as a company, and to facilitate growth and expand current business initiative, we intend to raise sufficient growth capital through debt and/or equity financing. Financing Glow’s growth will be management’s top priority for the near future.”
RJ Selfridge, Chief Executive Officer of Glow Holdings, and President of Cedar River Inc., added, “This is indeed a major milestone for Cedar River. It is a rare opportunity to be able to work with Glow’s visionary, seasoned management team to grow the Cedar River brand, explore new product opportunities, and leverage this synergy into additional sales pipelines. The legendary success, proven leadership, and innovative focus of the Glow team is a perfect fit for Cedar River.”
In addition, RJ Selfridge, Cedarriver Inc. announced today that the company has begun working with the Sinclair Group in order to both better define its branding presence and marketing efforts. In addition to these efforts the Sinclair Group brings an ability to immediately open up markets for the Ultimate Pancake Sandwich product line. The immediate impact of the support will be the opening of the large California markets as well as the national presence and expertise that Sinclair brings to Cedar River.
Selfridge added, “It is great timing for Glow to enter into this strategic partnership with The Sinclair Group, a leading-edge marketing and sales firm with major success in consumer packaged goods.” Dwight Sinclair, co-founder and partner in The Sinclair Group says, “We have been aware of Cedar River Foods for some time now, and have been impressed with their completely unique product line, unwavering commitment to the quality of the products and their determination. In addition to working with Cedarriver Inc., we also intend to leverage The Sinclair Group’s documented success and experience to identify other prospective strategic partners and acquisition targets for Glow Holdings. Our corporate philosophies and goals align perfectly with Glow. Our primary directive is to increase the speed and efficiencies of getting Glow’s retail initiatives successfully to market. We are thrilled to be part of the team.”
About Glow Holdings, Inc.
Glow Holdings, Inc. is a holding company traded on the Current Information tier of OTC Markets, Inc. Glow Holdings intends to explore acquisitions in a variety of different market segments.
About Cedar River Foods, LLC
Cedar River Foods, LLC, is a food manufacturer based in Seattle, Washington. Cedar River Foods uses innovative, proprietary technology and expertise to make unique, delicious food products. The Ultimate Pancake Sandwich is the first product launched by Cedar River Foods, and can be found in grocery stores such as Kroger, Thriftway, as well as other specialty retailers.
Forward Looking Statements:
This news/information release/document contains certain "forward-looking statements." Forward-looking statements are based on current expectations and assumptions and are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified, and many of which are beyond the company’s control. The forward-looking statements are also identified through the use of words such as “believe,” “enable,” “may,” “will,” “could,” “intends,” “estimates,” “anticipates,” “plans,” “predicts,” “probable,” “potential,” “possible,” “should,” “continue,” and other words of similar meaning. Actual results could differ materially from these forward-looking statements as a result of a number of factors. Given these risks and uncertainties, investors are cautioned not to place undue reliance on such forward-looking statements and no assurances can be given that such statements will be achieved. Although the Company believes the facts and information contained in this news release to be as correct and current as possible, it does not warrant or make any representation as to the accuracy, validity, or completeness of any facts or information contained herein and these statements should not be relied upon as representing its views subsequent to the date of this news release. While the Company anticipates that subsequent events may cause its views to change, it expressly disclaims any obligation to update the forward-looking statements contained herein except where outcomes have varied materially from the original statements.
Glow Holdings, Inc.
SOURCE: Glow Holdings, Inc.