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Harry A. Blazer

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    NPIcenter - Natural Products Industry Center News... - [Cached Version]
    Published on: 10/24/2001    Last Visited: 2/24/2002  

    Announces Approval of Whole Foods Transaction, Election of Directors and Closing of Harry's In A Hurry Store on Peachtree Road

    SOURCE: Harry's Farmers Market, Inc.

    ROSWELL, Ga. -- Harry's Farmers Market, Inc. (OTC BB: HARY) today announced that its shareholders approved the sale of its three mega-stores and related support facilities to Whole Foods Market, Inc., as previously announced.

    Management expects the sale to be completed on or about October 31, 2001.

    ...
    In addition, at the Annual Meeting of Shareholders, the shareholders re-elected the following directors: Harry A. Blazer, President and Chief Executive Officer of the Company, Peter Barr, Robert C. Glustrom, Donald M. Pamenter and Charles W. Sapp.
    ...
    The Company is continuing to explore all viable strategic alternatives regarding its other Harry's In A Hurry stores, which may include, but are not limited to, continuing to operate some of the stores, selling some or all of the stores or closing some or all of the stores.There can be no assurances that any alternatives pursued by the Company will have a positive impact on the Company's stock price, financial performance or operating results.

    Harry's currently owns and operates megastores and convenience stores specializing in perishable food products - fresh fruits and vegetables; fresh meats, poultry and seafoods; fresh baked goods; freshly made ready-to-eat, ready-to-heat and ready-to-cook prepared foods; and deli, cheese and dairy products.Harry's stores also feature lines of specialty, hard-to-find and gourmet nonperishable food products that are complimentary to the fresh food offerings.In addition, Harry's stores carry kitchen-oriented housewares, floral items, natural health and beauty care items, and a full line of wines and imported and domestic beers.Harry's bakery and prepared foods departments are fully-integrated food manufacturing operations.

    Statements made in this press release, other than those concerning historical information, should be considered forward-looking and subject to various risks and uncertainties.Such forward-looking statements are made based on management's belief, as well as assumptions made by and information currently available to management, pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995.

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