SALINAS, Calif.--(BUSINESS WIRE)--July 23, 2002--Monterey Pasta Company (Nasdaq:PSTA)
-- Albertson's Northwest Division selects Monterey Pasta 13 new items for 137 stores.
-- Albertson's Rocky Mountain Division selects Monterey Pasta 12 new items for 59 stores.
Monterey Pasta Company (Nasdaq:PSTA) has been chosen by Albertson's Northwest Division for distribution of 13 new items to 137 stores in Spokane (24), Seattle (59) and Portland (54). The new items include; Sweet Tomato Basil Sauce, Roasted Garlic Chicken Ravioli, Spinach, Feta Cheese and Pesto with Red Onions Calzones, Portobello Mushroom and Artichoke Calzones, Artichoke and Cheese Ravioli with Ripe Olives, Snow Crab Ravioli with Dill, Potato Parmesan Gnocchi, Rainbow Five Cheese Tortellini, Basil Cream Sauce with Artichokes, Fresh Pesto Sauce with Basil and Pinenuts, Shredded Parmesan Cheese, Feta Cheese with Spinach Borsellini, and Aged Italian Cheeses Borsellini.
Also, Albertson's Rocky Mountain Division selected 12 new items for 59 stores throughout the Greater Denver Area including Feta Cheese with Spinach Borsellini, Aged Italian Cheeses Borsellini, Shredded Parmesan Cheese, Potato Parmesan Gnocchi, Spinach and Feta Calzone, Italian Sausage, Pepper with Onion Calzone, Artichoke and Cheese Ravioli with Ripe Olives, Snow Crab Ravioli with Dill, Fresh Herb Alfredo Sauce, Roasted Garlic Pesto, Pesto Sauce with Garlic and Basil, and Rainbow Five Cheese Tortelloni Grandi.
The Monterey Pasta Sales Manager for these two Albertson's divisions is Jim Pitkethley of Eugene, Ore. Headquartered in Boise, Idaho, Albertson's is the Second largest food-drug retailer in the nation with a total of 2,492 stores in 37 states.
R. Lance Hewitt, President and CEO of Monterey Pasta said, "We are very pleased to be adding Monterey Pasta to these two divisions of Albertson's. Albertson's is one of the leading grocery chains in the U.S. and we are proud of this association."
Founded as a regional brand, Monterey Pasta now has national distribution in over 7,500 retail and club stores throughout the United States and selected regions of Canada. Monterey Pasta manufactures USDA inspected, fresh gourmet refrigerated food products at its integrated 130,000 square foot corporate headquarters, distribution, and manufacturing facilities in Salinas, (Monterey County) Calif.
This press release contains forward-looking statements that involve a number of uncertainties and risks that could cause actual results to differ materially from those discussed in the forward-looking statements. Risks that could cause actual results to differ materially from those discussed in the forward-looking statements, include risks associated with timely and cost-effective introduction of new products in the coming months, risks associated with accomplishing the anticipated results of the current plant expansion program, retention of key personnel and retention of key management, the risks inherent in food production, and intense competition in the market in which the Company competes. Future projections are based on the assumption that we will continue to sell in existing retail and club stores and will continue to add new stores. For additional information regarding these and other risks, please read the Company's Annual Report on Form 10-K, for the year ended December 30, 2001, its Quarterly Report on Form 10-Q for First Quarter 2002, and its 2001 Proxy Statement.