NewsBlaze logo
Newsletter logo   Search News     Daily News   
web2.0 logo   win logo
Published:

Natural Harmony Foods Reports Recent Sales Milestones and Major Developments at Annual Shareholders Meeting

Founders Announce Substantial Debt to Equity Conversion; Reaffirm Their Confidence in Natural Harmony Foods

Natural Harmony Foods, Inc. (OTC: NHYF), a producer and marketer of unique, natural protein foods, reported the achievement of several financial and operational milestones for 2005 at the company's annual shareholders meeting held earlier this month.

According to Sam Dewar, CEO and founder of Natural Harmony Foods, the company's SoyLean® Flame-Broiled Beef Patties are currently available in the meat department freezer cases at approximately 600 Publix supermarket locations across Florida, Georgia, Alabama, South Carolina and Tennessee, with additional SoyLean® products expected to be added to the Publix lineup in the near future.

Shipments of SoyLean® Flame Broiled Patties totaled $113,224.00 for the last four months of 2005, and the company conducted product demonstrations in more than 100 supermarket locations along the Southeastern United States.

Sales of SoyLean® Flame Broiled Beef Patties increased substantially over previous periods in all markets where demonstrations were conducted -- ranging from a low of 154 percent in Publix's Atlanta division to a high of 382 percent in the chain's Lakeland division -- confirming consumer product acceptance and repeat purchasing. The company is scheduling additional demonstrations throughout 2006.

Dewar also reported that at Natural Harmony Foods' board of directors meeting this past January, the founders of the company voted to convert $317,911 of debt to equity thereby reducing the company's debt to less than $200,000 and reaffirming their confidence in the future of Natural Harmony Foods. Concurrently, the company's board of directors approved the issuance of common and preferred stock to raise $3-3.5 million for expansion, according to Dewar.

In addition, Dewar confirmed substantial general market media interest in the company's SoyLean® brand products. The February 2006 issue of Runner's World, for example, included a very favorable article about SoyLean® Flame Broiled Beef Patties. The company anticipates additional media coverage over the coming months as it introduces additional products to the SoyLean® line and expands into new markets.

"Particularly from a financial standpoint, Natural Harmony Foods has strategically positioned itself for aggressive growth over the next 12 months," said Dewar. "Natural Harmony Foods and its shareholders are poised to capitalize on the new, growing demand for heart healthy products, and all of these developments will fuel our expansion over the coming year."

NHYF shareholders of record on March 3, 2006 were invited to the company's annual shareholders meeting on April 3, 2006. Shareholders representing 57,141,685 of the company's then current 73,575,470 shares, or 77.7 percent of the company's owners at the time, were present.

About Natural Harmony Foods

Natural Harmony Foods, Inc. (OTC: NHYF) is an innovative food company dedicated to producing healthy, flavorful, convenient foods that fit the lifestyles of individuals looking to make better, health conscious diet choices without sacrificing taste. For more information about Natural Harmony Foods, SoyLean® products, and helpful Internet links, please visit www.naturalharmonyfoods.com. NHYF Shareholders are encouraged to search "NHYF" on www.pinksheets.com for current financial information on the company.

Legal Notice Regarding Forward-Looking Statements: "Forward-looking statements'' as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. These statements are only predictions and may differ materially from actual future results or events. Natural Harmony Foods disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. Important risk factors -- including but not limited to risks associated with changes in general economic and business conditions, actions of our competitors, the extent to which we are able to develop new products and markets for these, the time and expense involved in such development activities, the level of demand and market acceptance for our products, and changes in our business strategies -- could cause actual results to differ from those contained in forward-looking statements.


Distributed by Market Wire

Tags: ,Agriculture:Equipment and Supplies, Agriculture:Farming, Agriculture:Forestry, Agriculture:Livestock, FoodandBeverage:Retailers, ,INTHPINK,FL,FORT LAUDERDALE, FL
   _   _

  care2 logo   digg logo   blogger logo   newsfeeder logo   netscape logo  
Is your favorite bookmark site missing? Ask for it.
marker


Sponsor Links:

Writers Wanted
Help NewsBlaze provide daily news, including top stories, Home and Garden, Technology, The Environment and more. NewsBlaze Writer
Relevant Sites:

NewsBlaze 

Copyright © 2004-2008 NewsBlaze LLC
Use of this website is subject to our Terms of Service and Privacy Policy       Support    Press Room