Exhibit 99.1
ASCENDIA BRANDS, INC. TO FILE FORM 10-Q BY OCTOBER 26, 2007
Hamilton, NJ – October 17, 2007 -- Ascendia Brands, Inc. (AMEX: ASB) today announced a delay in the filing of its Quarterly Report on Form 10-Q for the period ended August 26, 2007. The Company requires additional time to complete the review of its financial statements for the second quarter of its 2008 fiscal year and expects to complete this review and file its Form 10-Q not later than October 26, 2007.
About Ascendia Brands
Ascendia Brands, Inc. is a leader in the value and premium value segments of the health and beauty care products sector. In November 2005, Ascendia expanded its range of product offerings through the acquisition of a series of brands, including Baby Magic®, Binaca®, Mr. Bubble® and Ogilvie®, and in February 2007 it acquired the Calgon™* and the healing garden® brands. The Company is headquartered in Hamilton, New Jersey, and operates two manufacturing facilities, in Binghamton, New York, and Toronto, Canada. Visit http://www.ascendiabrands.com for additional information.
Certain statements contained herein may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, 21E of the Exchange Act of 1934 and/or the Private Securities Litigation Reform Act of 1995. Such statements include, without limitation, statements regarding business plans, future regulatory environment and approval and, the Company’s ability to comply with the rules and policies of independent regulatory agencies. Although the Company believes the statements contained herein to be accurate as of the date they were made, it can give no assurance that such expectations will prove to be correct. The Company undertakes no obligation to update these forward-looking statements.
*Calgon is a licensed trademark.
Investor Relations Contact:
John G. Nesbett
IMS, Inc.
(203) 972-9200
jnesbett@institutionalms.com
