GFY Foods, Inc. (OTCBB -- GFYO)

Upgraded to Immediate Buy

Market Price: $0.07

Target Price: $0.24

52 Week Range: 0.03 - 175,000.00

Average Daily Volume: 7,146,205 shares

Common Shares Outstanding: 2 Billion

Estimated Public Float: 1 Billion

GFY Foods, Inc. Announces Launch of Corporate Web Site

BUFFALO GROVE, Ill., June 24 /PRNewswire-FirstCall/ -- GFY Foods, Inc. (OTC Bulletin Board: GFYO.OB - News ) announced today that it has launched its new corporate web site http://www.gfyfoodsinc.com and will utilize this web site as the centerpiece of all of its advertising and marketing processes moving forward.

About GFY Foods, Inc.

Ed Schwalb, the founder and CEO of the company, founded GFY FOODS, INC. in the spring of 2003. The company is aggressively acquiring Frullati franchise locations and is working closely with the Kahala Corporation to locate new locations for restaurants. GFY Foods has four locations in operations at present; all are located in the Midwestern United States. The company intends to open 8-10 new locations by the end of calendar 2004, in metropolitan areas where there is minimal competition and significant upside to build a brand and establish the company nationally. GFY Foods is also actively seeking partnerships with food and/or nutritional product manufacturers in order to assess the viability of introducing a private label line of snack foods and vitamin products.