Changes

Press Release

For Immediate Release

Date : March 17th, 2009

Changes afoot at Cherry Capital Foods


Traverse City, Michigan

Cherry Capital Foods, the leading purveyor for northwest lower Michigan's burgeoning local food economy, is excited to announce several changes to its staff and their operating responsibilities. Founded in early 2007, Cherry Capital Foods' 2008 revenue more than doubled that of 2007, and the company's sales are on track to double again in 2009. This extremely rapid growth has demanded a greater division of duties, as well as the creation of several new job titles.

Evan Smith has joined the company as Senior Operating Manager having served for 8 years as Vice President and Chief Financial Officer of Food For Thought, a mission based social venture specializing in Organic and Fair Trade specialty food products based in Honor, Michigan. Evan brings over 30 years of general management and operations experience to Cherry Capital Foods, as well as a wealth of contacts throughout the food industry. In addition, while at Food For Thought, Evan was responsible for all compliance, procedure, and certification related issues. He will continue in his ownership role with Food For Thought as well as in an active advisory role.

David Hovest, who recently completed the training program at Zingtrain in Ann Arbor, has been promoted to Fleet Manager, and in addition will take a more active role in sales management and purchasing.

Company founder Eric Hahn will be leaving day to day responsibilities to pursue other interests, as well as to be able to spend more time with his family. He will retain an equity interest in Cherry Capital Foods and the company will continue to draw on his industry knowledge.

We wish to express our appreciation for his vision and drive, and to wish him well in his new endeavors.

Cherry Capital Foods, as the pioneering distributor of local food products sold throughout northwest lower Michigan, is dedicated to providing the best distribution service for this area's important local food and farm economy. It’s core market is roughly a 100 mile radius around Traverse City, where the firm is headquartered.

Press contact: Evan Smith - 231-943-5010