Published:
CEO of Natural Harmony Foods Presents Updated Guidance for 2006
NHYF Announces Steps to Become Fully Reporting Company Over the Next Year
Sam Dewar, CEO and founder of Natural
Harmony Foods, Inc. (OTC: NHYF), a producer and marketer of unique, natural
protein foods, presented updated guidance for 2006 at the company's annual
shareholders meeting this month.
In a statement to the company's shareholders and board of directors, Dewar
reported several key corporate objectives for the remainder of the 2006
fiscal year. These include the launch of an active investor relations
initiative to enhance shareholder value and increase investor awareness, as
well as the procurement of additional capital for future product line
enhancements and expansion into additional grocery chains.
Central to these efforts, Dewar noted that Natural Harmony Foods reported
financials on a quarterly basis, and in a timely fashion, throughout 2005
and is taking steps to become a fully reporting company over the next 12
months. Additionally, Dewar reported that the company will seek potential
acquisition candidates in the natural and organic foods space as its stock
price and volume improve.
Dewar also emphasized Natural Harmony Foods' intent to retain a leading
advertising agency and public relations firm to generate consumer brand
awareness for the company's SoyLean® brand and facilitate new product
introductions over the coming months.
"Only SoyLean® blends the taste and texture of lean meat with
heart-healthy soy protein, catering to a growing demand for heart healthy
foods that are also flavorful and convenient," said Dewar. "Our company's
ongoing work with our partner Solae and our co-packer will result in the
development of eight to ten additional healthy protein products, which we
believe will create considerable value for our shareholders, over the
remainder of 2006. We have every confidence that we will meet our new
goals for this year."
According to recent diet survey conducted by market research firm The NPD
Group, 78.3 percent of American adults want to reduce the amount of fat in
their diets. Natural Harmony Foods' SoyLean® brand products combine the
taste and nutrition of real, natural meat -- raised without
growth-promoting hormones and fed an all-vegetable diet -- with
heart-healthy soy protein. SoyLean® products offer 75 percent less fat
and saturated fat than regular ground beef with fewer calories and
cholesterol, and since meat is the first ingredient, they deliver a meaty
taste and texture absent in today's soy-based foods.
Natural Harmony Foods' SoyLean® Flame-Broiled Beef Patties are currently
available in the meat department freezer cases at all of the more than 850
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.
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.
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