June 3, 1997
Orlando, Florida
Galaxy Foods has signed an agreement with International Management, Inc. (IMG) whereby IMG has agreed to act as the Company's exclusive agent and representative in Japan for prospective licensing arrangements of Galaxy's proprietary technology.
IMG, a global leader in marketing and sports management with over 2,000 employees in 60 offices throughout 26 countries, was established in 1960 by Mark McCormack with Arnold Palmer as its first client. The Company now represents many athletes (including golf phenom Tiger Woods), performing artists, writers, fashion models, broadcasters, leading corporations, world-class events, cultural institutions and recreational resorts throughout the world.
"IMG is the perfect partner to assist Galaxy in locating and consulting with potential licensees for Galaxy's technology in Japan", said Angelo S. Morini, Galaxy's President. "We are hopeful for a successful venture in a country where our technology would be ideal. Galaxy's tofu-based and lactose free products can be made into many flavors and forms suited for traditional Japanese tastes as well as for popular western cuisine," Morini concluded.
Galaxy Foods Company produces a complete line of healthy cheese and dairy related products for the retail, food service and industrial markets. Galaxy Foods is the inventor and originator of form�gg�, a new, healthier and better way to make cheese. Form�gg products are low fat, have no cholesterol and no lactose and contain more vitamins and minerals than conventional cheese. Other brands names include Soyco�, Soymage� Wholesome Valley™and Lite Bakery�. For more information, contact Rebecca Barksdale at 407-855-5500, extension 105.
