Demeter Group Facilitates Equity Investment in Galaxy Desserts

SAN FRANCISCO, CA, August 22, 2007 – Demeter Group, a boutique investment bank specializing in consumer companies, has facilitated an equity investment in Galaxy Desserts, Inc., the nation’s leading producer of individual portion gourmet desserts, by Pacific Community Ventures Investment Partners, an investment fund focused on high-potential growth companies.

Galaxy Desserts develops, manufactures and markets all-natural, gourmet desserts and pastries for retail, foodservice and catalog customers throughout the U.S. Under the guidance of co-founder and Master Pastry Chef Jean-Yves Charon, Galaxy is the leader in the development of the individual portion gourmet dessert category. Products have a handcrafted, artisan taste and homemade appearance, yet are designed to be efficiently produced at high volumes. Major customers include SuperTarget, Safeway, Whole Foods, Kroger, Williams-Sonoma and Marriott International. Paul Levitan, President, CEO and co-founder of Galaxy Desserts, said "Thanks to Demeter Group, we were able to find a partner that shares our vision for the business, and we look forward to working with Pacific Community Ventures as we continue to build our brand and expand our distribution."

"This investment demonstrates Demeter Group’s ability to leverage our considerable experience and expertise with innovative consumer brands and our skill in connecting entrepreneurs with the appropriate investor," said Jeff Menashe, CEO of Demeter Group.