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Mar 28, 2014

Marketwired - March 28, 2014


BLVD Holdings Inc. (OTCQB:BLVO) Acquires Goudas Food Products and Investments Ltd.


March 28, 2014 09:24 ET

TORONTO, ONTARIO--(Marketwired - March 28, 2014) - BLVD Holdings Inc. ("the Company") (OTCQB:BLVO) - Today John G. Simmonds, Chairman and CEO of BLVD Holdings Inc., is pleased to announce the acquisition of Goudas Food Products and Investments Ltd.

From modest beginnings in 1967, Goudas Foods has grown to be a leading Canadian supplier of ethnic and international food products with more than 600 brands and specialties in the Chinese, South Asian, Caribbean, Filipino and other ethnic market segments.

"This gives us a secure foothold in a growth market which is strategically key to our long term success," said Simmonds.

"Goudas has built a successful operation with reliable brands and good market penetration.

We see numerous growth opportunities including Western Canada and the United States."

Goudas Food Products and Investments Ltd. will continue to be managed by its well-known founder, Spyros (Peter) Goudas including training and guidance.

Mr. Goudas has extensive experience in the industry and many successes serving ethnic markets and increasing sales to new and existing customers.

The acquisition gives Goudas Food Products and Investments Ltd access to capital to expand inventories and grow the business.

Revenue for Goudas Food Products and Investments Ltd. is projected to double by 2016.

Mr. Goudas created each of his products to be of the highest quality.

He has written extensively on multicultural foods and immigration and is noted for his philanthropy.

The agreement leverages Goudas Food Products and Investments Ltd excellent reputation and breadth of expertise in the industry with BLVD Holdings' extensive resources for expansion in the fast growing ethnic marketplace.

The goal is to become a leading ethnic food company.

About BLVD Holdings Inc.

BLVD Holdings Inc., (BLVO) is a publicly traded company which is now focused on acquiring profitable businesses for expansion and development.

John G. Simmonds began his career with AC Simmonds and Sons, now in its 96th year.

He co-founded the largest Canadian golf course operation and has successfully grown companies and built effective teams.

Simmonds has served as chairman and board director of several public companies.

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