Dave Moran, EVP, President & CEO of Heinz North America, to Present at the Lehman Brothers 2008 Back-to-School Consumer Conference Thursday, August 28, 2008 4:19 PM
Symbols: HNZ
H. J. Heinz Company (NYSE:HNZ) today announced that Executive Vice
President, President & CEO of Heinz North America, Dave Moran, will
present at the Lehman Brothers 2008 Back-to-School Consumer Conference.
Mr. Moran will speak on Wednesday, September 3, at 1:30 p.m. ET,
focusing on the excellent track record and exciting growth plans for the
North America Consumer Products business. Mr. Moran will also address
the initiatives underway to restore the U.S. Foodservice business to
profitable growth.
To access the live webcast and slides, go to www.heinz.com
and click on the button for the Lehman Brothers conference. The
presentation will be available for playback at the Heinz Web site in an
archived format following the conference.
SAFE HARBOR PROVISIONS FOR FORWARD-LOOKING STATEMENTS:
This press release and our other public pronouncements contain
forward-looking statements within the meaning of the "safe harbor"
provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are generally identified by the words "will,"
"expects," "anticipates," "believes," "estimates" or similar expressions
and include our expectations as to future revenue growth, earnings,
capital expenditures and other spending, dividend policy, and planned
credit rating, as well as anticipated reductions in spending. These
forward-looking statements reflect management's view of future events
and financial performance. These statements are subject to risks,
uncertainties, assumptions and other important factors, many of which
may be beyond Heinz's control, and could cause actual results to differ
materially from those expressed or implied in these forward-looking
statements. Factors that could cause actual results to differ from such
statements include, but are not limited to:
-
sales, earnings, and volume growth,
-
general economic, political, and industry conditions, including those
that could impact consumer spending,
-
competitive conditions, which affect, among other things, customer
preferences and the pricing of products, production, and energy costs,
-
increases in the cost and restrictions on the availability of raw
materials, including agricultural commodities and packaging materials,
the ability to increase product prices in response, and the impact on
profitability,
-
the ability to identify and anticipate and respond through innovation
to consumer trends,
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the need for product recalls,
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the ability to maintain favorable supplier relationships,
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currency valuations and interest rate fluctuations,
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changes in credit ratings, leverage, and economic conditions and the
impact of these factors on the cost of borrowing and access to capital
markets,
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our ability to effectuate our strategy, which includes our continued
evaluation of potential acquisition opportunities, including strategic
acquisitions, joint ventures, divestitures and other initiatives,
including our ability to identify, finance and complete these
initiatives, and our ability to realize anticipated benefits from them,
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the ability to successfully complete cost reduction programs and
increase productivity,
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the ability to effectively integrate acquired businesses,
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new products, packaging innovations, and product mix,
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the effectiveness of advertising, marketing, and promotional programs,
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supply chain efficiency,
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cash flow initiatives,
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risks inherent in litigation, including tax litigation,
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the ability to further penetrate and grow in international markets,
economic or political instability in those markets, particularly in
Venezuela, and the performance of business in hyperinflationary
environments,
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changes in estimates in critical accounting judgments and changes in
laws and regulations, including tax laws,
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the success of tax planning strategies,
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the possibility of increased pension expense and contributions and
other people-related costs,
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the potential adverse impact of natural disasters, such as flooding
and crop failures,
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the ability to implement new information systems and potential
disruptions due to failures in information technology systems,
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with regard to dividends, dividends must be declared by the Board of
Directors and will be subject to certain legal requirements being met
at the time of declaration, as well as our Board’s
view of our anticipated cash needs, and
-
other factors described in "Risk Factors" and "Cautionary Statement
Relevant to Forward-Looking Information" in the Company's Form 10-K
for the fiscal year ended April 30, 2008.
The forward-looking statements are and will be based on management's
then current views and assumptions regarding future events and speak
only as of their dates. The Company undertakes no obligation to publicly
update or revise any forward-looking statements, whether as a result of
new information, future events or otherwise, except as required by the
securities laws.
About Heinz
H. J. Heinz Company, offering “Good Food Every
Day” is one of the world’s
leading marketers and producers of healthy and convenient foods
specializing in ketchup, sauces, meals, soups, snacks and
infant/nutrition. Heinz provides superior quality, taste and nutrition
for all eating occasions whether in the home, restaurants, the office or “on-the-go.”
Heinz is a global family of leading branded products, including Heinz®
Ketchup, sauces, soups, beans, pasta and infant foods (representing over
one third of Heinz’s total sales), Ore-Ida®
potato products, Weight Watchers® Smart Ones®
frozen entrees, Boston Market® meals, T.G.I.
Friday’s® frozen
snacks, and Plasmon® infant nutrition. Heinz
is famous for its iconic brands on five continents, showcased by Heinz®
Ketchup, The World’s Favorite Ketchup®.
More information on Heinz is available at www.heinz.com.
H. J. Heinz Company Media: Ted Smyth, 412-456-5780 Michael
Mullen, 412-456-5751 michael.mullen@us.hjheinz.com or Investors: Margaret
Nollen, 412-456-1048
(Source: Business Wire )
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