Dallas, Texas (August 8, 2011) – StockGuru Shines its Spotlight on Reser’s Fine Foods, Inc. and Vaughan Foods, Inc. (OTCBB: FOOD), that they previously announced on July 6, 2011, they entered into an agreement for Reser’s to acquire Vaughan Foods for $18.25 million in cash. The Company traded on August 5, 2011, at $1.43 on above average volume, at the top of its fifty-two week range of $1.53 – 0.30.
The special meeting of stockholders will be held at 10:00 AM Central Time on September 15, 2011, for the purpose of considering and voting upon the proposal to approve, adopt and ratify the Agreement and Plan of Merger, dated as of July 6, 2011, by and among Vaughan Foods, Inc., Reser’s Fine Foods, Inc. and Reser’s Acquisition, Inc., a wholly owned subsidiary of Reser’s, and to consider and vote on certain other matters which will be outlined in the definitive proxy statement to be mailed to stockholders on or about August 15, 2011. Stockholders of record as of the close of business on August 9, 2011 may vote on these proposals.
About Reser’s Fine Foods, Inc.
Reser’s Fine Foods is a fourth generation family-owned company. Based in Beaverton, Oregon, Reser’s has facilities located across the United States. Reser’s is an industry leader in salads, side dishes, dips, Mexican foods, and specialty products. Sixty years after Mildred Reser perfected her world-famous potato salad, the company now serves up a variety of comfort food classics. From picnics, to tailgaters, to holiday entertaining, Reser’s is proud to be part of the extended American family. Founded in 1950 by Earl and Mildred Reser, the company remains privately owned and operated and committed to providing delicious comfort food classics.
About Vaughan Foods, Inc.
Vaughan Foods is an integrated manufacturer and distributor of value-added, refrigerated foods and is uniquely able to distribute fresh-cut produce items along with a full array of value-added refrigerated prepared foods multiple times per week. Vaughan sells to both food service and retail sectors. Its products consist of fresh-cut vegetables, fresh-cut fruits, salad kits, prepared salads, dips, spreads, soups, sauces and side dishes.
The Vaughan Foods, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4726
This communication does not constitute an offer to sell or the solicitation of an offer to buy securities or the solicitation of any vote or approval. This communication is being made in respect of the proposed transaction involving Reser’s Fine Foods, Inc. and Vaughan Foods, Inc. In connection with the proposed transaction, Vaughan will be filing documents with the SEC, including a definitive proxy statement. Vaughan intends to mail the definitive proxy statement regarding the proposed merger to its stockholders. Before making any voting or investment decision, investors and stockholders are urged to read carefully in their entirety the proxy statement regarding the proposed transaction and any other relevant documents filed by Vaughan Foods, Inc. with the SEC when they become available because they will contain important information about the proposed transaction. You may obtain copies of all documents filed with the SEC regarding this transaction, free of charge, at the SEC’s website www.sec.gov, by accessing Vaughan’s website at www.vaughanfoods.com, under the heading “Investor Relations” and from Vaughan Foods, Inc., by directing a request to Vaughan Foods, Inc., 216 NE 12th Street, Moore, Oklahoma 73160, attention Investor Relations.
Reser’s Fine Foods, Inc. and Vaughan Foods, Inc., and their respective directors and executive officers and certain other members of management and employees may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction. You can find information about Vaughan Foods, Inc. directors and executive officers in its preliminary proxy statement filed with the SEC on June 18, 2010. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the proxy statement and other relevant materials to be filed with the SEC when they become available. You can obtain free copies of these documents from Vaughan Foods, Inc., using the contact information above.
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