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Business Description We manufacture, sell and distribute a diverse portfolio of shelf-stable foods, many of which have leading retail market shares in our relevant markets. In general, we position our retail products to appeal to the consumer desiring a high quality and reasonably priced branded product. In our relevant retail markets, 10 of our branded products hold number one or two retail market share nationally or regionally or are unique products. We complement our retail product sales with a growing institutional and food service business. Over the past five years, we have achieved consistent growth in net sales and EBITDA through a combination of internal growth, including long-term licensing of a brand, plus the addition of eight brands through acquisitions, our most recent being the acquisition of the Ortega line of branded Mexican food products in August 2003. In fiscal 2003, our net sales and EBITDA were $328.4 million and $61.9 million, having increased at compound annual growth rates since fiscal 2001 of 8.3% and 6.9%, respectively. Our pro forma as adjusted net sales and EBITDA for the latest twelve months ended July 3, 2004, reflecting the full year impact of the Ortega acquisition, were $377.9 million and $73.4 million, respectively. During the nine months ended July 3, 2004, which includes the results of the Ortega line of products after the completion of the integration of the acquired assets into our existing business, our net sales, EBITDA and EBITDA margin were $285.6 million, $56.0 million and 19.6%, respectively, compared to net sales, EBITDA and EBITDA margin of $222.5 million, $40.3 million and 18.1%, respectively, for the comparable period in the prior year nine month period ended June 28, 2003. We sell and distribute our products through a multiple-channel sales and distribution system including to the following: º supermarket warehouses; º distributors and food service accounts; º mass merchants, warehouse clubs and other non-food outlets; º specialty food distributors; º direct-store-organization on a regional basis to individual grocery stores in the greater New York Metropolitan area; and º catalogs and the Internet. We are a Delaware corporation. Our corporate headquarters are located at Four Gatehall Drive, Suite 110, Parsippany, New Jersey 07054, and our telephone number is (973) 401-6500. Our web site address is www.bgfoods.com.