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B&G Foods Files Universal Shelf Registration Statement

Posted on: Friday, 8 December 2006, 18:00 CST

B&G Foods, Inc. (AMEX: BGF), a manufacturer and distributor of high quality, shelf-stable foods, announced today that it has filed a universal shelf registration statement on Form S-3 with the Securities and Exchange Commission. Upon being declared effective by the SEC, the shelf registration will allow the Company the flexibility to offer and sell from time to time up to $200 million of Enhanced Income Securities (EISs), common stock, preferred stock, debt securities, warrants or any combination thereof in one or more future public offerings. The actual amount and type of securities, or combination of securities, and the terms of those securities, will be determined at the time of sale, if such sale occurs. When a particular series of securities is offered, the prospectus supplement relating to that offering will set forth B&G Foods' intended use of the net proceeds received from the sale of those securities.

David L. Wenner, Chief Executive Officer of B&G Foods stated, "We have filed a universal shelf registration statement because it is a practical and efficient way to access the public markets. Although we currently have no specific plans to issue securities, filing the shelf registration statement is consistent with our announced acquisition and growth strategy and positions us to move quickly to take advantage of acquisition, financing and other business opportunities when and if such opportunities arise."

The registration statement related to these securities has not yet become effective. Such securities may not be sold nor may offers to buy be accepted before the time the registration statement becomes effective, nor may sales be effected in the absence of a definitive prospectus and a prospectus supplement setting forth the terms and conditions of any specific offering of securities.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to any registration or qualification under the securities laws of such jurisdiction. At the time any securities covered by the registration statement are offered for sale, a prospectus supplement will be provided containing specific information about the terms of any such offering.

Forward-Looking Statements

Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of B&G Foods to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe such risks and uncertainties readers are urged to consider statements labeled with the terms "believes,""belief,""expects,""intends,""anticipates" or "plans" to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in B&G Foods' filings with the Securities and Exchange Commission.

About B&G Foods, Inc.

B&G Foods and its subsidiaries manufacture, sell and distribute a diversified portfolio of high-quality, shelf-stable foods across the United States, Canada and Puerto Rico. B&G Foods' products include jams, jellies and fruit spreads, canned meats and beans, spices, seasonings, marinades, hot sauces, wine vinegar, maple syrup, molasses, salad dressings, Mexican-style sauces, taco shells and kits, salsas, pickles and peppers and other specialty food products. B&G Foods competes in the retail grocery, food service, specialty store, private label, club and mass merchandiser channels of distribution. Based in Parsippany, New Jersey, B&G Foods' products are marketed under many recognized brands, including Ac'cent, B&G, B&M, Brer Rabbit, Emeril's, Grandma's Molasses, Joan of Arc, Las Palmas, Maple Grove Farms of Vermont, Ortega, Polaner, Red Devil, Regina, San Del, Ac'cent Sa-Son, Trappey's, Underwood, Vermont Maid and Wright's.

Source: Business Wire

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