International Food Products Group Inc. 170 Newport Center Drive Suite 260 Newport Beach, CA 92660 United States - Map Phone: 949-759-7775
DETAILS Index Membership: N/A Sector: Services Industry: Food Wholesale Full Time Employees: 3
BUSINESS SUMMARY International Food Products Group, Inc. operates as an international importer and the U.S. representative for various domestic and foreign product companies. Its products include coffees from Columbia, organic fruits and vegetables from Asia and the U.S., breath strips from Japan, and potato chips from a U.S. manufacturer. The company sells its products through a broker/distributor network. International Food Products Group was founded in 1996 and is based in Newport Beach, California.
Key Statistics
COMPANY WEBSITES No websites available for IFDG.OB
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KEY EXECUTIVES Pay Exercised Mr. Richard Damion , 62 Chairman, Chief Exec. Officer, Sec. and Treasurer $ 0 N/A Mr. Joseph R. Rodriguez Jr., 57 Chief Financial Officer, Principal Accounting Officer $ 0 N/A Mr. Ketan Mehta , Pres N/A N/A
Jul 17, 2006 7:00:19 AM
NEWPORT BEACH, Calif., Jul 17, 2006 (PRIMEZONE via COMTEX News Network) --
International Food Products Group (OTCBB:IFDG) Chairman/CEO Mr. Richard Damion today confirmed that IFPG has delivered its first in a series of orders of high-demand cheese products to a major institutional customer. The order, for over $200,000, was shipped mid-June and it is anticipated that IFPG will have recurring monthly orders building to $500,000 to a $1 million to the industrial and food services sectors. Shipment of an additional $250,000 in orders is expected to be completed by the end of July 2006. Commenting, Mr. Damion said, "We are extremely pleased that after months of fine tuning, this program is now underway, with a first shipment delivered. We have partnered with one of the most innovative cheese processing companies, Coachella Valley Edibles; this alliance is a major opportunity for IFPG. We anticipate annualized cheese sales of $10 to $15 million and are currently evaluating the viability of expanding our market and exporting to Mexico and Asia."
The US is the largest supplier of cheese in the world, producing more than 4 million metric tons a year, accounting for sales of more than $75 billion. Damion concluded, "I anticipate that through our relationship with CVE, additional opportunities exist for significant distribution to the international marketplace. Cheese sales are forecasted to grow by an additional 17% by 2009. Clearly we have entered this category at an extremely opportune time and intend to take full advantage. This, coupled with our soon to be announced Golden Choice Foods(r) bakery products line placements, should result in a significant increase in value for our shareholders."
About International Food Products Group, Inc: IFPG is a public company trading on the OTCBB with the ticker symbol "IFDG." The Corporate Offices are at 170 Newport Center Drive, Newport Beach, CA, 92660. www.goldenchoice.com. IFPG is the manufacturer and marketer of a variety of food products including: Golden Choice 100% Colombian Roasted Coffees, Golden Choice Organic Harvest(tm) and Supreme Harvest(tm) lines of Frozen Fruits and Vegetables, and 100% Fresh Squeezed Pure Fruit Juices. Other products include: "Got Fries(r)," Just Popped(tm), and other fine domestic and imported food products.
Safe Harbor Disclaimer: Certain statements contained herein constitute forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. Such statements include, without limitation, statements regarding business and financing plans, business trends and future operating revenues and expenses. Although the Company believes that the expectations reflected in such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by the words: believe, expect, anticipate, intend, estimate and similar expressions, or which by their nature refer to future events. You should independently investigate and fully understand all risks before investing. These descriptions of the Company contain forward-looking statements that involve risk and uncertainties including, but not limited to, quarterly fluctuations and results, the management of growth, competition and other risks detailed in the company's SEC filings if any. Actual results may differ materially from such information set forth herein.
Last Trade Time : Aug 25, 2006 09:30:00 EST Refresh Last Sale 0.0240 Open 0.0240
Change -0.001 Prev. Close 0.0250
% Change -4.00% Tick Type DOWN
Volume 20,000 Shares (last trade) 20,000
Day High 0.0240 52 Week High 0.0830
Day Low 0.0240 52 Week Low 0.0210
Bid 0.0240 Ask 0.0290
Bid Size 5,000 Ask Size 5,000
# Trades N/A Industry Food Wholesale
Fundamental Data P/E N/A Market Cap (m) 6.23
Earnings/Share N/A Shares Out. (m) 259.47
Dividend per share N/A Exchange OBB
Current Div. Yield N/A Ex Dividend Date N/A
NYSE and AMEX data delayed 20 min. All other exchanges
-------------------- LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!
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posted
guys I have made a bunch of money on this bad boy.it moves on very little volume and moves pennys at a time.Dont know when it will move again.I waited for the 52wk low and got back in.take a look at this your selves.thanks for the company profile imakemoney.
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Date Open High Low Last Change Volume % Change 10/03/06 0.0200 0.0205 0.0200 0.0205 +0.0005 133400 +2.50%
Composite Indicator Trend Spotter TM Sell
Short Term Indicators 7 Day Average Directional Indicator Sell 10 - 8 Day Moving Average Hilo Channel Hold 20 Day Moving Average vs Price Sell 20 - 50 Day MACD Oscillator Sell 20 Day Bollinger Bands Hold
Short Term Indicators Average: 60% - Sell 20-Day Average Volume - 272315
Medium Term Indicators 40 Day Commodity Channel Index Sell 50 Day Moving Average vs Price Sell 20 - 100 Day MACD Oscillator Sell 50 Day Parabolic Time/Price Sell
Medium Term Indicators Average: 100% - Sell 50-Day Average Volume - 264132
Long Term Indicators 60 Day Commodity Channel Index Sell 100 Day Moving Average vs Price Sell 50 - 100 Day MACD Oscillator Sell
Long Term Indicators Average: 100% - Sell 100-Day Average Volume - 426762
Overall Average: 88% - Sell
Price Support Pivot Point Resistance
0.0205 0.0198 0.0203 0.0208
-------------------- LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!
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-- Period -- -- High -- -- Low -- 5-Day 0.0300 on 10/20/06 0.0180 on 10/13/06 20-Day 0.0300 on 10/20/06 0.0110 on 10/05/06 65-Day 0.0300 on 10/20/06 0.0110 on 10/05/06 100-Day 0.0300 on 10/20/06 0.0110 on 10/05/06 260-Day 0.0300 on 10/20/06 0.0110 on 10/05/06 Year to Date 0.0300 on 10/20/06 0.0110 on 10/05/06
For The Last Made New High Percent From Made New Low Percent From 5 days 2 time(s) -3.57% 1 time(s) +50.00% 20 days 5 time(s) -3.57% 1 time(s) +145.45% 65 days 5 time(s) -3.57% 1 time(s) +145.45% 100 days 5 time(s) -3.57% 1 time(s) +145.45% 260 days 5 time(s) -3.57% 1 time(s) +145.45% Year to Date 5 time(s) -3.57% 1 time(s) +145.45%
Analytics are from close of previous session Subscribers have access to latest information
-------------------- LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!
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posted
I got in oct 05 at .012 sold at .29.I have been playying this stock for over a year.Always pays off.Add to you watch list.Imho it will make money again soon.
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