EX-99.1
3
d18112exv99w1.txt
PRESS RELEASE
EXHIBIT 99.1
THE UNIMARK GROUP, INC.
NEWS RELEASE
FOR IMMEDIATE RELEASE
THE UNIMARK GROUP, INC.
ANNOUNCES SALE OF ITS
PACKAGED FRUIT BUSINESS SEGMENT
Bartonville, TX August 31, 2004 - The UniMark Group, Inc. (OTC Pink Sheets:
"UNMG.PK") announced today that it has sold its packaged fruit business segment
to Del Monte Corporation in a transaction valued at approximately $11.0 million.
The transaction included the sale of all outstanding shares of the company's
Mexican subsidiary, Industrias Citricolas de Montemorelos, S.A. de C.V.
("ICMOSA"). In connection with the transaction, UniMark anticipates receiving
approximately $950,000 in cash. As part of the transaction, approximately $7.0
million of defaulted ICMOSA bank debt was retired. In 2000, UniMark sold Del
Monte its Sunfresh(R) brand.
Said Jakes Jordaan, President and CEO, "The packaged fruit divestiture
represents a significant step in our new business strategy to become a producer
and marketer of high quality branded fruit products".
ABOUT THE UNIMARK GROUP, INC.
The UniMark Group, Inc. is a producer and marketer of high quality branded
fruit.
Further information about UniMark may also be obtained from a number of sources
via the Internet. UniMark is filing the Purchase Agreement as an Exhibit to its
Current Report on Form 8-K with the Securities and Exchange Commission.
Government filings may be accessed through http://www.freeedgar.com or
http://www.sec.gov and at http://finance.yahoo.com.
This press release contains forward-looking statements conveying management's
expectations as to the future based on plans, estimates and projections at the
time such statements are made. The forward-looking statements contained in this
press release include statements related to business strategy and receipt of
consideration in connection with the transaction described herein.
Forward-looking statements involve inherent risks and uncertainties and the
Company cautions you that a number of important factors could cause actual
results to differ materially from those contained in any such forward-looking
statement, including risks and uncertainties described in more detail, from time
to time, in the Company's filings with the Securities and Exchange Commission,
including its quarterly report on Form 10-Q for the quarterly period September
30, 2003. Investors are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date hereof. The Company
does not undertake to update any of these statements in light of new information
or future events.
COMPANY CONTACT: Jakes Jordaan, President and CEO
817-491-2992
-END-

EX - 99 . 1 3 d18112exv99w1 . txt PRESS RELEASE EXHIBIT 99 . 1 THE UNIMARK GROUP , INC . NEWS RELEASE FOR IMMEDIATE RELEASE THE UNIMARK GROUP , INC . ANNOUNCES SALE OF ITS PACKAGED FRUIT BUSINESS SEGMENT Bartonville , TX August 31 , 2004 - The UniMark Group , Inc . ( OTC Pink Sheets : " UNMG . PK " ) announced today that it has sold its packaged fruit business segment to Del Monte Corporation in a transaction valued at approximately $ 11.0 million . The transaction included the sale of all outstanding shares of the company 's Mexican subsidiary , Industrias Citricolas de Montemorelos , S . A . de C . V . ( " ICMOSA " ) . In connection with the transaction , UniMark anticipates receiving approximately $ 950,000 in cash . As part of the transaction , approximately $ 7.0 million of defaulted ICMOSA bank debt was retired . In 2000 , UniMark sold Del Monte its Sunfresh ( R ) brand . Said Jakes Jordaan , President and CEO , " The packaged fruit divestiture represents a significant step in our new business strategy to become a producer and marketer of high quality branded fruit products " . ABOUT THE UNIMARK GROUP , INC . The UniMark Group , Inc . is a producer and marketer of high quality branded fruit . Further information about UniMark may also be obtained from a number of sources via the Internet . UniMark is filing the Purchase Agreement as an Exhibit to its Current Report on Form 8 - K with the Securities and Exchange Commission . Government filings may be accessed through http://www.freeedgar.com or http://www.sec.gov and at http://finance.yahoo.com . This press release contains forward - looking statements conveying management 's expectations as to the future based on plans , estimates and projections at the time such statements are made . The forward - looking statements contained in this press release include statements related to business strategy and receipt of consideration in connection with the transaction described herein . Forward - looking statements involve inherent risks and uncertainties and the Company cautions you that a number of important factors could cause actual results to differ materially from those contained in any such forward - looking statement , including risks and uncertainties described in more detail , from time to time , in the Company 's filings with the Securities and Exchange Commission , including its quarterly report on Form 10 - Q for the quarterly period September 30 , 2003 . Investors are cautioned not to place undue reliance on these forward - looking statements , which speak only as of the date hereof . The Company does not undertake to update any of these statements in light of new information or future events . COMPANY CONTACT : Jakes Jordaan , President and CEO 817 - 491 - 2992 - END -
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