Heathrow Natural Food & Beverage, Inc. Signs Letter of Intent to Acquire 100 Percent of the Assets of an Innovative Health Food
March 19 2009 - 7:30AM
Marketwired
Heathrow Natural Food & Beverage, Inc. (PINKSHEETS: HRNF) is
pleased to announce that the Company has signed a letter of intent
to acquire 100 percent of the assets of Natural Harmony Foods, Inc.
(PINKSHEETS: NHYF) for a combination of cash and restricted and/or
preferred stock. Both parties agreed to a thirty day due diligence
period before the signing of a definitive agreement.
Natural Harmony Foods, Inc. is an innovative food company
dedicated to producing healthy, flavorful, convenient foods that
fit the lifestyles of individuals looking to make better, health
conscious diet choices without sacrificing taste. Currently, the
company's SoLean� product line includes four breakfast sandwiches,
which are sold through several grocery chains including Super
Target and Whole Foods Market, amongst other grocery stores. During
the due diligence period, both parties have agreed to market and
promote each others' product line through their existing
distribution networks. Details of the acquisition will be announced
upon closing.
"We look forward to the possibility of joining forces with
Heathrow Natural Food & Beverage. I feel that their product
line is a nice complement to the SoLean� products we are currently
selling, as well as the products that are in development," stated
Sam Dewar, CEO of Natural Harmony Foods, Inc.
"This is a tremendous complement to our current food and
beverage line and gives us immediate presence in such high profile
national food chains, such as Super Target, Whole Foods Market,
Harris Teeter, Kings Super Markets and Shop Rite Supermarkets. Sam
Dewar, CEO of Natural Harmony Foods, Inc., brings many years of
extensive food and beverage industry experience to the table and
will be instrumental in the future growth of Heathrow Natural Food
& Beverage, Inc.," said Michael Pagnano, CEO of Heathrow
Natural Food & Beverage, Inc. "We look forward to the
progressive and prolonged growth this natural acquisition will
bring the shareholders of HRNF."
About Natural Harmony Foods, Inc.:
Natural Harmony Foods, Inc. is an innovative food company
dedicated to producing healthy, flavorful, convenient foods that
fit the lifestyles of individuals looking to make better, health
conscious diet choices without sacrificing taste. For more
information about Natural Harmony Foods, SoLean� products, and
helpful Internet links, please visit
http://www.naturalharmonyfoods.com. NHYF Shareholders are
encouraged to register on the "Investor Relations" page to receive
ongoing Natural Harmony Foods news updates.
About Heathrow Natural Food & Beverage, Inc.:
Heathrow Natural Food & Beverage, Inc., is a national
distributor of natural food products such as Exfuze, a very popular
nutritional beverage. HNFB is based in Florida and generates
revenue through online and call center sales. HNFB also owns WGL
Entertainment, the producer of the WGL Million Dollar Shootout
reality television series.
Statements contained in this news release, other than those
identifying historical facts, constitute "forward-looking
statements" within the meaning of Section 21E of the Securities
Exchange Act of 1934 and the Safe Harbor provisions as contained in
the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements relating to the Company's future
expectations, including but not limited to revenues and earnings,
technology efficacy, strategies and plans, are subject to safe
harbors protection. Actual Company results and performance may be
materially different from any future results, performance,
strategies, plans, or achievements that may be expressed or implied
by any such forward-looking statements. The Company disclaims any
obligation to update or revise any forward-looking statements.
Contact: Heathrow Natural Food & Beverage, Inc. Natural
Harmony Foods, Inc. Or call: Investor Relations
1-866-THE-APPL(E)
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