Vaughan Foods Sets Record Date and Stockholder Meeting Date
06 August 2011 - 5:31AM
On July 6, 2011, Reser's Fine Foods, Inc. and Vaughan Foods, Inc.
(OTCBB:FOOD), announced that they had entered into an agreement for
Reser's to acquire Vaughan Foods for $18.25 million in cash.
The special meeting of stockholders will be held at 10:00 AM
Central Time on September 15, 2011, for the purpose of considering
and voting upon the proposal to approve, adopt and ratify the
Agreement and Plan of Merger, dated as of July 6, 2011, by and
among Vaughan Foods, Inc., Reser's Fine Foods, Inc. and Reser's
Acquisition, Inc., a wholly owned subsidiary of Reser's, and to
consider and vote on certain other matters which will be outlined
in the definitive proxy statement to be mailed to stockholders on
or about August 15, 2011. Stockholders of record as of the close of
business on August 9, 2011 may vote on these proposals.
About Reser's Fine Foods,
Inc.
Reser's Fine Foods is a fourth generation family-owned company.
Based in Beaverton, Oregon, Reser's has facilities located across
the United States. Reser's is an industry leader in salads, side
dishes, dips, Mexican foods, and specialty products. Sixty years
after Mildred Reser perfected her world-famous potato salad, the
company now serves up a variety of comfort food classics. From
picnics, to tailgaters, to holiday entertaining, Reser's is proud
to be part of the extended American family. Founded in 1950 by Earl
and Mildred Reser, the company remains privately owned and operated
and committed to providing delicious comfort food classics.
About Vaughan Foods, Inc.
Vaughan Foods is an integrated manufacturer and distributor of
value-added, refrigerated foods and is uniquely able to distribute
fresh-cut produce items along with a full array of value-added
refrigerated prepared foods multiple times per week. Vaughan sells
to both food service and retail sectors. Its products consist of
fresh-cut vegetables, fresh-cut fruits, salad kits, prepared
salads, dips, spreads, soups, sauces and side dishes.
The Vaughan Foods, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=4726
Additional Information
This communication does not constitute an offer to sell or the
solicitation of an offer to buy securities or the solicitation of
any vote or approval. This communication is being made in respect
of the proposed transaction involving Reser's Fine Foods, Inc. and
Vaughan Foods, Inc. In connection with the proposed transaction,
Vaughan will be filing documents with the SEC, including a
definitive proxy statement. Vaughan intends to mail the definitive
proxy statement regarding the proposed merger to its stockholders.
Before making any voting or investment decision, investors and
stockholders are urged to read carefully in their entirety the
proxy statement regarding the proposed transaction and any other
relevant documents filed by Vaughan Foods, Inc. with the SEC when
they become available because they will contain important
information about the proposed transaction. You may obtain copies
of all documents filed with the SEC regarding this transaction,
free of charge, at the SEC's website www.sec.gov, by accessing
Vaughan's website at www.vaughanfoods.com, under the heading
"Investor Relations" and from Vaughan Foods, Inc., by directing a
request to Vaughan Foods, Inc., 216 NE 12th Street, Moore, Oklahoma
73160, attention Investor Relations.
Reser's Fine Foods, Inc. and Vaughan Foods, Inc., and their
respective directors and executive officers and certain other
members of management and employees may be deemed to be
participants in the solicitation of proxies in respect of the
proposed transaction. You can find information about Vaughan Foods,
Inc. directors and executive officers in its preliminary proxy
statement filed with the SEC on June 18, 2010. Other information
regarding the participants in the proxy solicitation and a
description of their direct and indirect interests, by security
holdings or otherwise, will be contained in the proxy statement and
other relevant materials to be filed with the SEC when they become
available. You can obtain free copies of these documents from
Vaughan Foods, Inc., using the contact information above.
CONTACT: Investor Relations Contact
Reser's Fine Foods, Inc.
Paul Leavy
Chief Financial Officer
Reser's Fine Foods, Inc.
503.643.6431
sarahh@resers.com
Vaughan Foods, Inc.
Cameron Associates
Paul Henning
212.554.5462
Paul@cameronassoc.com