G. Willi-Food Announces That Gold Frost is Convening an Extraordinary General Meeting of Gold Frost Shareholders to Approve the
April 28 2008 - 2:29PM
PR Newswire (US)
YAVNE, Israel, April 28 /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 Gold Frost is convening an
Extraordinary General Meeting to approve the cancellation of its
ordinary share listing to the AIM Market of the London Stock
Exchange. Gold Frost Ltd. is Willi Food's 90% owned subsidiary and
a leading developer and distributor of premium kosher chilled and
frozen dairy food products. Willi-Food will continue to trade on
the NASDAQ Capital market in the U.S. Pursuant to the AIM Rules,
such an act requires shareholder approval of at least 75% of Gold
Frost's share capital represented and voted at a shareholders
meeting. A shareholders meeting for this purpose has been scheduled
for May 20, 2008. 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 400 food products
manufactured by some 100 top-tier suppliers throughout the world to
more than 1,700 customers. Willi Food excels in identifying
changing tastes in its markets and sourcing high-quality kosher
products to address them. The Company's Gold Frost Ltd. subsidiary
develops and distributes kosher chilled and frozen dairy food
products internationally, while its Laish Israeli subsidiary and
joint venture with the Baron Family engage in the global import,
export and distribution of kosher products worldwide. 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,
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. Gil Hochboim,
Vice President +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., Gil Hochboim, Vice President, +972-8-932-1000,
; IR Contact: The Global Consulting Group, Christopher Chu,
+1-646-284-9426,
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