The Inventure Group, Inc. Appoints Steve Weinberger Chief Financial Officer
July 27 2006 - 7:45AM
Business Wire
The Inventure Group, Inc. (FKA Poore Brothers, Inc.) (Nasdaq:SNAK),
a manufacturer and marketer of innovative snack food brands, today
announced the appointment of Mr. Steve Weinberger to the position
of Senior Vice President, Chief Financial Officer, Treasurer and
Secretary, effective August 8, 2006. Mr. Weinberger is a food
industry veteran who brings the company over 25 years of financial
leadership experience in food manufacturing, marketing, and
distribution. Mr. Weinberger, who is a Canadian citizen, has a
demonstrated track record of success in operations as well as
finance, including his most recent role as CFO and General Manager
at Fiera Foods Co., a mid-sized frozen baked goods manufacturer.
From 1999 to 2003, Mr. Weinberger was Senior Vice President of
Finance at Canada Bread Company LTD, a public company with annual
revenues of more than $Cdn 1 billion. He spent twenty years at
Nabisco Canada, including three years as Senior Vice President of
Finance of the Christie Brown & Company division, producer of
brands such as Chips Ahoy! and Oreo. Reporting to Chief Executive
Officer Eric Kufel, Mr. Weinberger will partner with the executive
team to drive profitable revenue growth. He will lead investor
relations, SEC compliance, contracting and acquisitions. His
management responsibilities include information technology,
financial planning, accounting and business intelligence. "We are
thrilled to have Steve join the company as Chief Financial Officer.
He has deep industry experience from similar roles at other food
manufacturers, where he produced substantial bottom line
improvements. Steve will assist the company in maturing through its
next stage of growth with better visibility of profit
opportunities, process improvements, effective risk management, and
a shareholder value-oriented culture," said Mr. Eric Kufel, Chief
Executive Officer. "I'm very eager to get started with the
Inventure Group. The company has a particularly strong balance
sheet, brands that are poised for growth, available manufacturing
capacity, an experienced senior executive team and a highly ethical
culture. These are the ingredients for success, and I'm privileged
to be part of the team," commented Mr. Weinberger, Chief Financial
Officer. About The Inventure Group, Inc. With facilities in Indiana
and Arizona, The Inventure Group is a marketer and manufacturer of
Intensely Different(TM) snack foods under a variety of owned or
licensed brand names, including T.G.I. Friday's(R), Cinnabon(R),
Tato Skins(R), Poore Brothers(R), Bob's Texas Style(R), Clamato(R)
and Boulder Canyon Natural Foods(TM). For further information about
The Inventure Group or this release, please contact Eric J. Kufel,
President and Chief Executive Officer, at (623) 932-6255, or logon
to http://www.poorebrothers.com. Statements contained in this press
release that are not historical facts are forward-looking
statements as that term is defined in the Private Securities
Litigation Reform Act of 1995. Because such statements include
risks and uncertainties, actual results may differ materially from
those expressed or implied by such forward-looking statements.
Factors that may cause actual results to differ from the
forward-looking statements contained in this press release and that
may affect the Company's prospects in general include, but are not
limited to, the potential need for additional financing,
acquisition-related risks, significant competition, customer
acceptance of new products, dependence upon major customers,
dependence upon existing and future license agreements, general
risks related to the food products industry, and such other factors
as are described in the Company's filings with the Securities and
Exchange Commission.
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