Tasty Baking Corrects Error in Philadelphia Inquirer Regarding Senior Management of Company
PHILADELPHIA-(Business Wire)-September 22, 2009 - Tasty Baking Company (NasdaqGM: TSTY) would like to correct an error in the business section of the Philadelphia Inquirer published on September 22, 2009. The newspaper wrote an article about Charles P. Pizzi’s appointment as the next chairman of the board that oversees the Federal Reserve Bank of Philadelphia. The newspaper incorrectly described Mr. Pizzi as the “ex-CEO of Tasty Baking.” There has been no change in senior leadership of the company. Mr. Pizzi remains the President and Chief Executive Officer of Tasty Baking Company. His appointment to the chairman’s position at the Federal Reserve Bank of Philadelphia does not impact or affect his current role at Tasty Baking Company.
Mr. Pizzi commented, “I believe that Tasty Baking Company has many opportunities ahead of it and I remain committed to realizing these opportunities for the benefit of shareholders. I continue to focus on leading this company and on the successful completion of our new bakery, which we expect to begin transitioning into during the fourth quarter of 2009.”
ABOUT TASTY BAKING COMPANY
Tasty Baking Company (NasdaqGM: TSTY), founded in 1914 and headquartered in Philadelphia, Pennsylvania, is one of the country’s leading bakers of snack cakes, pies, cookies, and donuts with manufacturing facilities in Philadelphia and Oxford, Pennsylvania. Tasty Baking Company offers more than 100 products under the Tastykake brand name. For more information on Tasty Baking Company, visit www.tastykake.com. In addition, consumers can send Tastykake products throughout the United States from the company’s website or by calling 1-800-33-TASTY.
“Safe Harbor Statement” Under the Private Securities Litigation Reform Act of 1995
Except for historical information contained herein, the matters discussed herein are forward-looking statements (as such term is defined in the Securities Act of 1933, as amended) that are subject to risks and uncertainties that could cause actual results to differ materially from those stated or implied herein. These forward-looking statements may be identified by the use of words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "plan," "predict," "project," "should," "would," "is likely to," or "is expected to" and other similar terms. There are a number of factors that may cause actual results to differ from these forward-looking statements, including, without limitation, the costs to lease and fit-out a new facility and relocate thereto, the risks of business interruption while transitioning to a new facility, possible disruption of production efficiencies arising out of the company’s announcement of and subsequent reduction in workforce, the costs and availability of capital to fund improvements or new facilities, the success of marketing and sales strategies and new product development, the ability to enter new markets successfully, the price of raw materials, and general economic and business conditions. Other risks and uncertainties that may materially affect the company are provided in the company’s annual report to shareholders and the company’s periodic reports filed with the Securities and Exchange Commission from time to time, including, without limitation, reports on Forms 10-K and 10-Q. Please refer to these documents for a more thorough description of these and other risk factors. There can be no assurance that the company will succeed in implementing its manufacturing and sales strategies or that estimated operating cash savings will be realized. The company assumes no obligation to update publicly or revise any forward-looking statements.
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