TUBAC, Ariz., Oct. 12, 2004 (PRIMEZONE) -- Tubac Holdings, Inc. (Pink Sheets:TBAH), a holding company, is pleased to announce specialty/gourmet foods marketer, Chef Selections, Inc., as its latest subsidiary.
Chef Selections, Inc., www.chefselections.com, a publicly traded Colorado company, was formed for the primary purpose of marketing high-quality food products by itself and in association with others. The company has created a unique direct sales structure which embodies principles of direct selling and combines them with the explosive power of network marketing, utilizing an Internet infrastructure.
Tubac Holdings, Inc.'s strategy utilizes a diversified holding company organizational structure, performing common creative, administrative and financing functions, while the operating affiliates make and execute business decisions specific to their activities.
The holding company structure is favored by management because, in the long term, it provides diversity of risk, while at the same time creating unlimited possibilities for explosive but controlled growth and expansion.
The Tubac management team is highly experienced in the public marketplace, and the foundation of its business plan is a belief that the greatest growth potential in the world lies in emerging-growth companies.
To that end, Tubac is prepared to make an investment in high-growth potential companies and to assist them in entering the public arena. In this way Tubac will create a family of companies which will assist and support each other for added strength and stability.
Tubac has already taken a financial position in two companies -- adding assets to the balance sheet -- and is finalizing negotiations with a number of others.
About Tubac Holdings, Inc.
Tubac Holdings is a holding company which offers consulting, public and private equity services. Tubac specializes in finding undervalued smallcap and microcap companies with exciting products, services or technology that are poised for explosive growth. Tubac provides these companies with equity, guidance and strategic counseling to help them succeed. Tubac has taken an equity stake in several public companies, and is in negotiations with several others.
For more information visit the website at www.tubacholdings.com or contact the company at 520-398-2235.