BLUE BELL, Pa., Oct. 21, 2004 (PRIMEZONE) -- Tasty Fries, Inc.(r) (OTCBB:TFRY) announced today that the $2.5 million Letter of Credit issued on May 20, 2004, in favor of Lintelle Engineering, Inc. and scheduled to expire on October 20, 2004, has been extended for an additional 90 days. "This extension ensures that our manufacturer, Lintelle, will complete the first 250 production models of our French fry vending machine with a guaranteed payment schedule. At this time, we are rapidly approaching the installation of our first production units. We are extremely pleased with the final configuration of our machine and we are confident in its ability to perform in the marketplace. The Company will announce the locations of the first customer sites immediately after the machines are installed and operational," stated Edward C. Kelly, President and CEO of Tasty Fries, Inc.
About Tasty Fries, Inc.:
Tasty Fries has developed a patent-protected vending machine that prepares, cooks and dispenses freshly made fries with superior dietary attributes, flavor, aroma and texture. Total cooking time is approximately 90 seconds for each order. 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 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 know 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.