Glow Holdings Inc. Announces Signing of Definitive Merger Agreement to Acquire Cedar River Foods LLC
Irvine, CA, September 4, 2014 - Glow Holdings, Inc. (GLOH:PK) announced today that the company signed a definitive agreement to merge Cedar River Foods LLC into a subsidiary of the company, such that Cedar River Foods’ operations will be a wholly-owned subsidiary of Glow Holdings, Inc.. RJ Selfridge, managing member of Cedar River Foods, LLC, added, “This is a major milestone for Glow that is taking its first step in executing its strategic plan, which is to merge and/or acquire operating companies in certain business segments in order to attempt to dramatically accelerate growth, and for Cedar River Foods, this is a strategic opportunity to work with Glow and its management to execute its business plan and ultimately take Cedar River to the next phase of domestic and international growth.”
Glow Holdings and Cedar River Foods hope to close the merger within the next two weeks, sometime in the middle of September, and will make a further announcement once the merger transaction has closed.
Glow Holdings, Inc. is a holding company traded on the Current Information tier of OTC Markets, Inc., and it recently announced its “Grow with GLOW” Strategic Business Development Program. Selfridge added, “The key expertise of GLOW management is to identify M & A targets that are uniquely poised for fast growth via innovative products, strategies, and concepts. GLOW will provide critical mass, strategic direction and access to capital to facilitate the growth and success of these targets.”
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.
Cedar River Foods is committed to using only the highest quality ingredients. The Company selects 100% natural sausages, real cheddar cheese, and no artificial colors or additives ever. The products are low in calories and fat, with no trans-fats or GMO ingredients.
At the closing of the merger, Cedar River Foods, LLC will be merged into a wholly-owned subsidiary of Glow Holdings, Inc., with the Glow subsidiary remaining as the surviving entity after the merger. The surviving subsidiary will continue to execute the current business initiatives of Cedar River Foods, growing the current product line into additional retail pipelines. The company will also plan to introduce new product offerings and business initiatives by leveraging the current retail consumer goods and retail food products core competencies.
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 release 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 “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.
Contact: RJ Selfridge
Or info@glowholdings.com