TUBAC, Ariz., April 29, 2005 (PRIMEZONE) -- Tubac Holdings, Inc. (Pink Sheets:TBAH), a holding company dedicated to enabling emerging businesses to succeed in the public marketplace, announced that affiliate Chef Selections, Inc. will utilize an innovative network marketing approach to sell its world class gourmet/specialty food products. Running a nationwide marketing organization of highly motivated independent distributors taps into the whitehot business trend of network marketing, a $150 billion industry that is growing 20% per year.
According to recent studies, 500,000 new millionaires emerged in the United States in the last five years, and 100,000 of them came from the network marketing industry. With corporate downsizing, at-home parents looking to supplement family incomes, the explosion of home-based businesses, and the ease and reach of Internet-based technology, market conditions are ideal for networking. Each week 45,000 people are entering the direct selling arena.
Capitalizing on this rising trend to take a novel, fresh approach to sales and marketing, Chef Selections will use the in-home party direct selling method to bring together good food, good friends and financial success. Chef Selections will sell lines of proprietary gourmet delights as well as those from small manufacturers looking to establish distribution channels for their high quality, small batch items. The company is targeting the $45 billion specialty foods market, which is the fastest growing segment of the $650 billion food and beverage industry.
"The time is right for network marketing and Chef Selections has the perfect product offering for a direct sales distribution channel," said Harold Tanner, President and CEO of Tubac. "The company's value proposition is based on delivering distinctive, high quality gourmet foods through a network of independent salespeople motivated by what we feel is the best compensation plan in the industry. It is a recipe for spectacular success."
About Chef Selections, Inc.
Chef Selections, Inc., a publicly traded Colorado company, markets high quality specialty/gourmet foods through a network of highly motivated independent salespeople. The company is strategically positioned within the $45 billion specialty foods market, the fastest growing segment of the $650 billion food and beverage industry. Chef Selections is implementing an innovative market strategy that embodies the best of direct selling combined with the explosive power of network marketing and the appeal of gourmet home cooking. For more information please visit the Chef Selections website at www.chefselections.com.
About Tubac Holdings, Inc.
Tubac Holdings, Inc. (Pink Sheets:TBAH) is a holding company built on the belief that the world's greatest potential for financial growth lies in emerging companies. Tubac finds undervalued small and microcap businesses with innovative products, services and technologies and delivers the equity, financial guidance, strategic counsel, consulting and business functions they need in order to succeed in the public marketplace. Taking an equity stake in standout emerging growth companies creates assets and drives shareholder value for Tubac, and the diversified holding company organizational structure and range of industries provides diversity of risk. For more information please visit Tubac's website at www.tubacholdings.com.
Certain statements above constitute forward-looking statements with respect to Tubac Holdings, Inc. and affiliated companies. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the companies to be materially different from any further results, performance or achievements expressed or implied by such forward-looking statements.