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GFY Foods, Inc. Provides Operational Update to Shareholders and Other Interested Parties
TUESDAY , APRIL 20, 2004 10:00 AM
BUFFALO GROVE, Ill., Apr 20, 2004 /PRNewswire-FirstCall via COMTEX/ -- GFY Foods, Inc. (OTC Bulletin Board: GFYF) announced today that it is continuing to aggressively move forward in all aspects of its business and operational processes in order to position the company for continued growth, increase revenue and provide incremental products and services that fit its target market of health conscious consumers.
The company is working on a number of acquisitions of existing Kahala franchises and other restaurants and researching how it can introduce new products that will integrate well with its existing line of beverages and snacks for the health conscious consumers. Business processes, acquisitions and product development initiatives include: developing a marketing budget that will help the company invest the appropriate amount of resources to drive consumer awareness in key geographic locations; weighing the options to start selling a private label line of health and fitness products that could also include vitamins; negotiating with two parties to purchase additional franchise locations and/or a well established Italian Restaurant located in the Chicago metropolitan area.
"We want to let our shareholders and other interested parties know that we are moving forward in our business processes and that we hope to have some exciting things to announce in the next few weeks and months, said Ed Schwalb, President of GFY Foods, Inc. "We have a bright future as a company and are very focused on growing our business in ways that will help us to diversify our revenue opportunities and leverage the locations of existing and new franchises. We also intend to offer a new suite of products and services that we think will be well received by our customers in order to better leverage our geographic locations."
The company is currently operational in the Buffalo Grove, Illinois and Elkhart Indiana areas but plans to become national by rolling out additional locations in key market segments and to work closely with the Kahala Corporation to locate new locations for its restaurants. It intends to open 8-10 new locations by the end of calendar 2004, in metropolitan areas where there is minimal competition and significant upside to build a brand and establish the company nationally. And, to continue to aggressively private label new/existing products that may integrate well with its existing line up of products and services.
About GFY Foods, Inc.
Founded in the spring of 2003 by Ed Schwalb -- GFY Foods is operating restaurant locations in Buffalo Grove, Illinois and Elkhart, Indiana. The company believes in the importance of providing high quality foods at affordable prices that are healthy alternatives to food that is now being sold to the American public. For more information please contact Ed Schwalb, President, 847.353.7554, 601 Deerfield Parkway, Buffalo Grove, IL 60089. ares@bwwonline.com
This release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the company's current views with respect to future events that involve risks and uncertainties including uncertainties related to successful negotiations with other parties, closing of transactions, capital availability, operational and other risks, uncertainties and factors described from time to time in the company's publicly available SEC reports. In light of these risks and uncertainties, the forward-looking events described in this release might not occur.
SOURCE GFY Foods, Inc.
CONTACT: Ed Schwalb, President, +1-847-353-7554, or ares@bwwonline.com,
for GFY Foods, Inc.
(GFYF)
GFY Foods, Inc. Provides Operational Update to Shareholders and Other Interested Parties
TUESDAY , APRIL 20, 2004 10:00 AM
BUFFALO GROVE, Ill., Apr 20, 2004 /PRNewswire-FirstCall via COMTEX/ -- GFY Foods, Inc. (OTC Bulletin Board: GFYF) announced today that it is continuing to aggressively move forward in all aspects of its business and operational processes in order to position the company for continued growth, increase revenue and provide incremental products and services that fit its target market of health conscious consumers.
The company is working on a number of acquisitions of existing Kahala franchises and other restaurants and researching how it can introduce new products that will integrate well with its existing line of beverages and snacks for the health conscious consumers. Business processes, acquisitions and product development initiatives include: developing a marketing budget that will help the company invest the appropriate amount of resources to drive consumer awareness in key geographic locations; weighing the options to start selling a private label line of health and fitness products that could also include vitamins; negotiating with two parties to purchase additional franchise locations and/or a well established Italian Restaurant located in the Chicago metropolitan area.
"We want to let our shareholders and other interested parties know that we are moving forward in our business processes and that we hope to have some exciting things to announce in the next few weeks and months, said Ed Schwalb, President of GFY Foods, Inc. "We have a bright future as a company and are very focused on growing our business in ways that will help us to diversify our revenue opportunities and leverage the locations of existing and new franchises. We also intend to offer a new suite of products and services that we think will be well received by our customers in order to better leverage our geographic locations."
The company is currently operational in the Buffalo Grove, Illinois and Elkhart Indiana areas but plans to become national by rolling out additional locations in key market segments and to work closely with the Kahala Corporation to locate new locations for its restaurants. It intends to open 8-10 new locations by the end of calendar 2004, in metropolitan areas where there is minimal competition and significant upside to build a brand and establish the company nationally. And, to continue to aggressively private label new/existing products that may integrate well with its existing line up of products and services.
About GFY Foods, Inc.
Founded in the spring of 2003 by Ed Schwalb -- GFY Foods is operating restaurant locations in Buffalo Grove, Illinois and Elkhart, Indiana. The company believes in the importance of providing high quality foods at affordable prices that are healthy alternatives to food that is now being sold to the American public. For more information please contact Ed Schwalb, President, 847.353.7554, 601 Deerfield Parkway, Buffalo Grove, IL 60089. ares@bwwonline.com
This release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the company's current views with respect to future events that involve risks and uncertainties including uncertainties related to successful negotiations with other parties, closing of transactions, capital availability, operational and other risks, uncertainties and factors described from time to time in the company's publicly available SEC reports. In light of these risks and uncertainties, the forward-looking events described in this release might not occur.
SOURCE GFY Foods, Inc.
CONTACT: Ed Schwalb, President, +1-847-353-7554, or ares@bwwonline.com,
for GFY Foods, Inc.
(GFYF)
