TORONTO, Oct. 1, 2004 (PRIMEZONE) -- Food Safe International, Inc. (Pink Sheets:FSIJ) announced today that it has completed its first week of negotiations with Exus Global, Inc. (OCTBB:EXGO). Food Safe believes that EXGO may enhance FSIJ's strategy of increasing growth by broadening its product offerings and expanding to new markets in Eastern Europe. EXGO may provide Food Safe's emerging Eastern European client companies that are seeking to establish US subsidiaries with a variety of services including investment, managerial and administrative assistance, back office support, pre-IPO and public listing planning, public relations and investor relations, marketing, feasibility studies and identification of strategic or financial partners.
EXGO has initiated a strategy to create value for shareholders by investing in emerging companies that are positioned for strong industry growth or that have business models with strong cash flow potential.
"Food Safe and Apollo see this possible alliance with EXGO as a natural fit with FSIJ - Apollo marketing and sales strategy to become a global presence. We believe that this move could significantly contribute to Food Safety - Apollo and Exus's growth," commented Jason Wong, CEO of Food Safe, Inc. "We look forward to reporting on future developments that will help Food Safe, Inc. reach its goals of growing revenues, earnings and increased shareholder value."
About Exus Global, Inc. -- www.Exusglobal.com
Exus Global is a publicly traded EXGO Business Development Company (BDC) located in New York City. The company has initiated a strategy to create value for shareholders by investing in emerging companies that are positioned for strong industry growth or that have business models with strong cash flow potential. In addition to initial financing, Exus provides its portfolio companies with a variety of services including managerial and administrative assistance, back office support, pre-IPO and public listing planning, public relations and investor relations, marketing and feasibility studies and identification of strategic or financial partners. For more information see http://www.Exusglobal.com.
Safe Harbor Statement:
The foregoing, as well as other statements made by Food Safe International, Inc. may contain forward-looking statements regarding The Company. The words and phrases "expect," "estimate," "anticipate," "should," and similar expressions identify forward-looking statements. Such statements reflect, when made, the Company's current views, beliefs and expectations with respect to current events and financial performance, and are and will be, as the case may be, subject to significant risks, uncertainties and factors relating to the Company's operations and business environment which may cause the actual results to be materially different from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, but are not limited to, the following: the ability of the Company to operate pursuant to the terms of its financing arrangements; the Company's ability to obtain additional financing; the Company's ability to maintain contracts that are critical to its operations; potential adverse developments with respect to the Company's liquidity or results of operations; the ability to fund and execute its business plan; the ability to attract, retain and compensate key executives and associates; and the ability of the Company to attract and retain customers, as well as those discussed or identified from time to time in any of the Company's filings. Food Safe International, Inc. assumes no obligation to update or revise any forward-looking statements, set forth in these news releases, which speaks as of the date specified.