SOURCE: Overhill Farms, Inc.

September 30, 2005 09:30 ET

Overhill Farms, Inc. Announces Board Resignation

LOS ANGELES, CA -- (MARKET WIRE) -- September 30, 2005 -- Overhill Farms, Inc. (AMEX: OFI) today announced that Steven E. Hartman has voluntarily resigned, effective today, from the Company's board of directors. There was no disagreement between Mr. Hartman and the Company on any matter relating to the Company's operations, policies, practices or otherwise.

Mr. Hartman is Principal of Levine Leichtman Capital Partners, Inc., which manages an investment fund that holds significant debt and equity interests in Overhill Farms.

Jim Rudis, Chairman and CEO of Overhill Farms, said: "We appreciated Steve's services as a member of our Board and we look forward to continue working with him as a representative of Levine Leichtman." The Company has no current plans to fill the vacancy prior to the next stockholders meeting, at which time the Company will evaluate whether to seek qualified candidates for the position or reduce the size of its Board of Directors.

Overhill Farms (AMEX: OFI) (www.overhillfarms.com), with offices and production facilities in Vernon, California, is a leading high-volume provider of a broad range of high-quality, frozen food products, including meal entrees, complete plated meals and meal components; soups and sauces; and poultry, meat and fish specialties. The Company is a value-added supplier to companies in the foodservice, retail, airline and health care industries.

This news release contains disclosures that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. The Company cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors as may be discussed in the Company's Annual Report on Form 10-K for the year ended September 26, 2004, and other reports filed with the Securities and Exchange Commission.

Contact Information

  • Contacts:

    James Rudis
    Chairman, President and CEO
    Overhill Farms, Inc.
    323-582-9977

    Alexander Auerbach
    Auerbach & Co. Public Relations
    1-800-871-2583
    Email Contact