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June 16, 1999
Orlando, FL
Contact: Tracy Rushwin
(407) 855-5500, extension 105
GALAXY FOODS ELECTS PEPSI COLA V.P. TO BOARD OF DIRECTORS
ORLANDO, FLORIDA (June 16, 1999) - Galaxy Foods Company (NASDAQ: GALX), makers of healthy cheese and dairy-related products, today announced the expansion of its Board of Directors to five members, and the appointment of Mr. Joseph Juliano, Vice President of Pepsi Cola Company's Entertainment Sales division.
Mr. Juliano began his career with Pepsi Cola Company in 1973, as Manager of Pepsi Cola's General Ledger Financial Department. In 1980, he was promoted to Regional Sales Manager for the Mid-Atlantic Territory and was responsible for sales revenue of $500 million. Mr. Juliano was the youngest manager in company history to hold such a position.
In 1988, Mr. Juliano managed Pepsi Cola Company Bottling Operations where he achieved record sales and profits during his three-year tenure in this position. In 1991, he was promoted to Vice President of Prestige, Sports and Gaming for Pepsi Cola North America. During his eight years in this position, Mr. Juliano and his staff increased Pepsi Cola's share in these important channels from 5% to 40%. Most recently, he was promoted to Vice President of Entertainment Sales, with expanded domestic and international account responsibilities encompassing movie theaters, theme parks, sports venues, theme restaurants, hotels, and casinos. Mr. Juliano received his Masters in Business Administration from St. John's University in New York City.
Angelo S. Morini, President & CEO, stated "The addition of Mr. Juliano to Galaxy's Board of Directors is extremely positive and exciting. We are very fortunate to have gained the assistance of his many years of high-level sales and global brand marketing experience. I look forward to his counsel in an effort to make major advances for Galaxy both domestically and internationally. "
Galaxy Foods Company is the leading producer of health-promoting dairy and dairy-related alternatives for the retail, foodservice and industrial markets. These plant-based products, which are low or no fat (no saturated fat), have no cholesterol and no lactose and contain more vitamins and minerals than conventional dairy products, are part of the nutraceutical or functional food category, the fastest growing segment of the retail food market. The Company also markets conventional dairy products for all three channels of distribution. Galaxy brand names include Veggie Slices, Veggie Milk, formägg, Soyco, Soymage, Wholesome Valley, and Lite Bakery. For more information, contact Tracy Rushwin at (407) 855-5500, extension 105. You may also obtain more information from Galaxy's web site at www.galaxyfoods.com.