Fresh Promise Foods Announces DTC Chill Removed From Common Stock and Provides Updated Corporate Structure
(GlobeNewswire Via Acquire Media NewsEdge) ATLANTA, Jan. 31, 2014 (GLOBE NEWSWIRE) -- Fresh Promise Foods, Inc. (OTCQB:FPFI), a developer, processor and marketer of healthy, better-for-you food products, announces the removal of the DTC "chill" on the company's common stock.
The Company is pleased to announce that a DTC "chill" on its common stock security has been lifted as the company continues to restructure the corporation since taking over. This is a key development that has been in the process for many months. The removal of the chill increases the ability of the company to access capital at more favorable rates therefore making the cost of capital more appealing. It also gives investors easier access to acquire common shares. Some key developments that have occurred since current management took control of the public vehicle in April of last year include…
- Hiring Kevin Quirk as CEO
- Retirement of 1.1 billion common shares
- Reduction of authorized shares from 4 billion to 475 million
- Name change to Fresh Promise Foods to better reflect the company's mission and symbol change to coincide with that direction
As of Jan. 2014, the Company had approximately 475 million shares authorized, of which 65 million common shares were issued and outstanding.
A recent interview with Kevin Quirk, the CEO of Fresh Promise Foods, where he discusses current and future operational plans, can be accessed by going to http://www.wallstreetnewscast.com/profile/fpfi.html.
Fresh Promise Foods will be releasing shortly a detailed plan of their intended launch of their own line of branded health and wellness products. Kevin Quirk, CEO, says, "Our vision has always been to be a leading consumer products company in the health and wellness industry. I and my team are doing what we do best, launch and market consumer products. The results will be an all-natural product and category creator which is scheduled to launch in the second quarter of this year with line extensions to follow strategically throughout the year. We have put together all pieces on the technology, branding, marketing, processing and distribution side and are very eager to share more specifics about the brand to the public in the near future".
About Fresh Promise Foods Inc.:
Based in Atlanta, Ga, Fresh Promise Foods, and its subsidiaries seek to be the catalyst to a better quality of life by offering health and wellness solutions that make sense and fit into the everyday lives of all consumers. Focused on three key strategic areas, Food Technology, Consumer Products and Value Added, Fresh Promise Foods will set itself apart from the competition by marrying innovative technology and product development with perceptive marketing and sales service strategy. www.freshpromisefoods.com
Safe Harbor Statement:
Except for statements of historical fact, the matters discussed in this press release are forward-looking, and are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements made herein regarding the intent, belief or current expectations of Fresh Promise Foods, Inc./Anthus Life Corp. are forward-looking statements that reflect numerous assumptions, risks and uncertainties, many of which are beyond our control, and any of which could cause our actual future results to differ materially from our stated expectations today. Prospective investors are cautioned that our forward-looking statements are never guarantees of future performance. Important factors currently known to management that could cause our actual future results to differ materially from those indicated in our forward-looking statements today include our limited operating history, fluctuations in our operating results, our ability to compete successfully and our ability to attract necessary capital on satisfactory terms. Except as required by applicable law, we undertake no obligation to update or revise our forward-looking statements to reflect changed assumptions, the occurrence of unanticipated future events or changes in our future operating results.
CONTACT: Fresh Promise Foods
Source: Fresh Promise Foods
2014 GlobeNewswire, Inc.
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