BLUE BELL, Pa., June 24, 2002 (PRIMEZONE) -- Tasty Fries(r), Inc. (OTCBB:TFRY) announced today its plan to install six of its newest- generation French fry vending machines with one of the largest vending service companies in the New York metropolitan area. Several vending companies have agreed to install the Tasty Fries machines in some of their high traffic locations.
"We are excited to begin introducing the Tasty Fries vending machines at campus locations, malls and transportation centers with the aid of proven leaders in the industry," said Edward C. Kelly, President and CEO of Tasty Fries, Inc. "We are also negotiating with leading vending management companies for high traffic University locations in California."
The Company has also retained 3rd Millennium Management, LLC to provide investor and public relations services and aid the Company's business-to-business marketing efforts as it begins rolling-out machines into the marketplace.
"3rd Millennium will work with Tasty Fries to build upon its existing investor base and help communicate business developments, product innovations and milestones toward the goal of creating long-term shareholder value," explained Richard Schineller, President of 3rd Millennium Management. "Tasty Fries has invested considerable time and resources over the last several years perfecting their next generation machines. The deployment of Tasty Fries vending machines will create significant business and investor interest and we look forward to helping maximize awareness of the company, its technology and its business."
About Tasty Fries:
Tasty Fries has developed a patent-protected vending machine that prepares, cooks and dispenses freshly made French fries with superior dietary attributes, flavor, aroma and texture. Total cooking time is approximately 90 seconds for each order, then under 60 seconds for subsequent orders. The fries are made from top-quality potatoes and are cooked in cholesterol-free oil using state-of-the-art robotics and technology.
Safe Harbor Statement:
Except for the historical information contained herein, the statements in this press release are 'forward-looking' statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results in the future to differ materially from forecasted results. These risks and uncertainties include, among other things, product price volatility, product demand, market competition and risk inherent in the operations of a company.