SOURCE: Snak King

July 10, 2007 10:01 ET

Snak King's Barry Levin Wins Entrepreneur Of The Year Award

LOS ANGELES, CA--(Marketwire - July 10, 2007) - Barry Levin, Chairman and Chief Executive Officer of Snak King Corp., has received the Greater Los Angeles Entrepreneur Of The Year Award in Manufacturing and Distribution.

Founded and produced by Ernst & Young LLP, the Entrepreneur Of The Year Awards recognize outstanding entrepreneurs who are building and leading dynamic, growing businesses. Winners are selected by an independent panel of judges, including former award winners.

Snak King's success as an innovative manufacturer and marketer of unique, creative snack food products has made it one of the largest snack food companies on the West Coast. Snak King's branded snacks are sold nationwide, and it is generating record-high sales.

Mr. Levin joined Snak King in 1979, a year after it was formed and shortly after he graduated from college. The company made pork rind snacks in a cramped 1,200 square foot facility with two employees, and had been running up huge losses. Under Mr. Levin it soon turned a profit, and over the next several years he bought the company, steadily expanding its operations.

In 1994 Snak King moved into a 179,000 square foot facility in City of Industry, California. Ten years later, torrential rains caused a 12,000 square foot section of the roof to collapse onto key production machinery. Sheltered by the tall equipment, no one in the plant was seriously injured.

Friends and advisors told Barry to take the insurance and walk away. Instead, he and his 300 employees worked around the clock to get the plant back into operation. Competitors offered the use of their factories. An equipment supplier shipped in seven expensive pieces of machinery based solely on a phone call from Barry.

Areas of the plant were back into operation in days, and within three weeks productions was at 60% of normal capacity. Over the next two years, Snak King completed its recovery, adding new equipment that gives it a capacity twice what it was prior to the roof collapse, and sales have been climbing at double-digit rates.

As a Greater Los Angeles award-winner, Mr. Levin is eligible for consideration for the Ernst & Young Entrepreneur Of The Year 2007 national program, whose winners will be announced at an awards gala in Palm Springs, California on November 17, 2007.

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