BLUE BELL, Pa, Feb. 4, 2002 (PRIMEZONE) -- Tasty Fries(R), Inc. (OTCBB:TFRY) and SilverLeaf LLC, following over six months of extensive negotiations, announced today a groundbreaking agreement appointing SilverLeaf as Tasty Fries' exclusive worldwide U.S. sales and marketing agent.
The comprehensive agreement follows announcements last week, transferring Tasty Fries' manufacturing facilities from Moore North America's location in Dover, New Hampshire to Advantage Metal Products (AMP) in Livermore, California and Tasty Fries reacquisition of all of California Food and Vending's royalty rights.
"SilverLeaf's global and domestic business synergies, marketing and sales expertise and investor capital will allow Tasty Fries to move to an entirely different level and to redefine this part of fast food vending." said Edward Kelly, President of Tasty Fries, Inc.
The global agreement follows over a year of searching and due diligence by SilverLeaf to identify a state-of-the-art product that could literally change the terms of competition in the vending world.
"This agreement represents an enormous opportunity to build a powerful global brand," said David Morey, Vice President of Marketing for SilverLeaf and CEO of DMG, Inc. "The Tasty Fries product and delivery system is different, special and better than the competition."
Tasty Fries has developed a multi-patented vending machine that prepares, cooks and dispenses freshly made French fries with a superior flavor, aroma and texture. Total cooking time is approximately 90 seconds. The fries are made from top quality potatoes and are cooked in cholesterol free oil using state-of-the-art robotics and technology.
SilverLeaf is a global investment, marketing and sales organization comprised of a diverse team of corporate strategists, marketing, sales management, vending and leasing experts and investment bankers.
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.