H.j. heinz co. and ceva announce transformational oceanfreight agreement
H.J. Heinz Co. and CEVA announce transformational Oceanfreight agreementHoofddorp, The Netherlands, 28 August, 2012 – H. J. Heinz Company (NYSE: HNZ) and CEVALogistics, one of the world’s leading non-asset based supply chain management companies, todayannounced a groundbreaking five year Oceanfreight contract.In a strategy led by Heinz’s global procurement organization, the agreement represents the first timethat a shipper with an annual ceva tracking volume of 60,000 TEUs (Twenty foot Equivalent Units)has entrusted a single logistics provider with exclusive management of its Oceanfreight. Thebenefits of this agreement for Heinz include a considerable complexity reduction, enhanced supplychain visibility and reduced supply chain cost. This contract is further evidence of CEVA’s stronggrowth in Oceanfreight, one of the company’s key strategic priorities.For more information contact:CEVA Group Marketing & Communicationskay.email@example.com+1 281 618 3292CEVA - Making business flow CEVA Logistics, one of the world’s leading non-asset based supply chain management companies,designs and implements industry leading solutions for large and medium-size national andmultinational companies. Approximately 51,000 employees are dedicated to delivering effectiveand robust supply chain solutions across a variety of sectors and CEVA applies its operationalexpertise to provide best-in-class services across its integrated network, with a presence in over 170countries. For the year ending 31 December 2011, the Group reported revenues of €6.9 billion. Formore information, please visit www.cevalogistics.com SAFE HARBOR STATEMENT: This news release may contain forward-looking statements. These statements include, but are notlimited to, discussions regarding industry outlook, the Company’s expectations regarding theperformance of its business, its liquidity and capital resources, its guidance for 2012 and the othernon-historical statements. These statements can be identified by the use of words such as “believes”“anticipates,” “expects,” “intends,” “plans,” “continues,” “estimates,” “predicts,” “projects,”“forecasts,” and similar expressions. All forward-looking statements are based on management’scurrent expectations and beliefs only as of the date of this press release and, in addition to theassumptions specifically mentioned in the above paragraphs, there are a number of factors thatcould cause actual results and developments to differ materially from those expressed or implied bythese forward-looking statements, including the effect of local and national economic, credit andcapital market conditions, a downturn in the industries in which we operate (including theautomotive industry and the airfreight business), risks associated with the Company’s globaloperations, fluctuations and increases in fuel prices, the Company’s substantial indebtedness,
restrictions contained in its debt agreements and risks that it will be unable to compete effectively.Further information concerning the Company and its business, including factors that potentiallycould materially affect the Company’s financial results, is contained in the Company’s annual andquarterly reports, available on the Company’s website, which investors are strongly encouraged toreview. Should one or more of these risks or uncertainties materialize or the consequences of such adevelopment worsen, or should underlying assumptions prove incorrect, actual outcomes may varymaterially from those forecasted or expected. CEVA disclaims any intention or obligation to updatepublicly or revise such statements, whether as a result of new information, future events orotherwise.