YAVNE, Israel, April 9 /PRNewswire-FirstCall/ -- G. Willi-Food International Ltd. (NASDAQ:WILC) (the "Company" or "Willi-Food"), one of Israel's largest food importers and a single-source supplier of one of the world's most extensive range of quality kosher food products, today announced that it expects to report an approximately 45% increase in revenues for the first quarter of fiscal 2008 over the prior year's period. Mr. Zwi Williger, President and COO of Willi-Food commented, "Willi Food is excited to start the New Year on firm ground. The solid revenues achieved in the quarter were, in part, attributable to our healthy organic business, in addition to the strategic acquisitions whose revenues are now fully recognized in the quarter. We expect our gross profit and margins to have improved as compared to the latter half of fiscal 2007." Mr. Williger continued, "We monitor the operating environment closely and hope that it improves as the year progresses. The addition of Shamir Salads and of the US import license acquired from our Danish subsidiary are important components that will help bolster our revenue stream in the coming year. We remain optimistic and hope to provide an update with respect to our operating and financial conditions during our first fiscal quarter conference call which is expected to occur at the end of May." About G. Willi-Food International Ltd. G. Willi-Food International Ltd. is one of Israel's largest food importers and a single-source supplier of one of the world's most extensive ranges of quality kosher food products. It currently imports, markets and distributes more than 600 food products manufactured by some 120 top-tier suppliers throughout the world to more than 2,000 customers. Willi Food excels in identifying changing tastes in its markets and sourcing high-quality kosher products to address them. The Company also operated several subsidiaries: Gold Frost Ltd. subsidiary develops and distributes kosher chilled and frozen dairy food products internationally together with its Danish dairy distributor subsidiary; Laish Israeli subsidiary and joint venture with the Baron Family engage in the global import, export and distribution of kosher products worldwide; Shamir Salads is a leading international distributor of pre-packaged Mediterranean foods. For more information, please visit the Company's website at http://www.willi-food.co.il/. This press release contains forward-looking statements within the meaning of safe harbor provisions of the Private Securities Litigation Reform Act of 1995 relating to future events or our future performance, such as statements regarding trends, demand for our products and expected revenues, operating results, and earnings. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied in those forward-looking statements. These risks and other factors include but are not limited to: changes affecting currency exchange rates, including the NIS/U.S. Dollar exchange rate, payment default by any of our major clients, the loss of one of more of our key personnel, changes in laws and regulations, including those relating to the food distribution industry, and inability to meet and maintain regulatory qualifications and approvals for our products, termination of arrangements with our suppliers, in particular Arla Foods, loss of one or more of our principal clients, increasing levels of competition in Israel and other markets in which we do business, increases in raw materials costs, including of raw dairy products, changes in economic conditions in Israel, including in particular economic conditions in the Company's core markets, our inability to accurately predict consumption of our products and risks associated with product liability claims. We cannot guarantee future results, levels of activity, performance or achievements. The matters discussed in this press release also involve risks and uncertainties summarized under the heading "Risk Factors" in the Company's Annual Report on Form 20-F for the year ended December 31, 2006, filed with the Securities and Exchange Commission. These factors are updated from time to time through the filing of reports and registration statements with the Securities and Exchange Commission. We do not assume any obligation to update the forward-looking information contained in this press release. Company Contact: G. Willi Food International Ltd. Yaron Levy, CFO +972(8)932-1000 IR Contact: The Global Consulting Group Christopher Chu +1-646-284-9426 DATASOURCE: G. Willi Food International Ltd CONTACT: Company Contact: G. Willi Food International Ltd., Yaron Levy, CFO, +972(8)932-1000, ; IR Contact: The Global Consulting Group, Christopher Chu, +1-646-284-9426,

Copyright