BLUE BELL, Pa., May 25, 2004 (PRIMEZONE) -- Tasty Fries, Inc. (OTCBB:TFRY) announced today it has received and accepted a purchase order for 5,000 French fry vending machines and associated ancillary products from Classic Vending, Inc. located in Las Vegas, Nevada. Classic Vending has substantially secured its purchase order for the first 250 production French fry machines with a 2.5 million dollar Letter of Credit. The Letter of Credit guarantees payment to the manufacturer upon the release of the first 250 machines. After successful delivery and acceptance of 250 machines, each subsequent quantity of 250 will be secured with additional Letters of Credit. "A Tasty Fries French fry vending machine will be installed at Classic Vending in Las Vegas, Nevada on June 15, 2004 for the purpose of demonstrating the machine's functionality, dependability and quality. The installation of the production machines is expected to commence in August 2004," 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.
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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.