This POS has still another R/S. Big Time Rip Off
Posted by Doctoall on :
GFY Foods, Inc. Announces Reverse Split and Ticker Symbol Change; Announces New Focus on Acquiring Real Estate and Other Non Employee Driven Assets
February 11, 2005 06:30:00 (ET)
BUFFALO GROVE, Ill., Feb 11, 2005 (BUSINESS WIRE) -- GFY Foods, Inc. (GFYD, Trade) announced today they have completed a ten thousand for one reverse split. In addition to the reverse split, the Company has also initiated a ticker symbol change from (GFYO) to (OTC BB: GFYD). The above changes were effective as of February 8, 2004.
Based on the recent restructuring, the current estimated shares outstanding are now 680,000 with an estimated float of 250,000.
Management hopes that these changes will better position the Company to make further acquisitions as well as provide an increased ability for upward price momentum in the company stock. GFY Foods, Inc. seeks to focus their investment and growth efforts on non-employee driven assets. These assets comprise but may not be limited to life settlement policies and the purchase and development of undervalued commercial and residential properties.
GFY Foods will remain in the health foods sector but will do so for the purpose of becoming partners with other health food vendors or companies. GFY Foods may consider purchasing these companies or product lines with the intention of increasing the value of the asset for a return on investment (ROI).
For more information please contact Investor Relations at (973) 351-3868.
About GFY Foods, Inc.
Founded in the spring of 2003 by Ed Schwalb - GFY Foods is currently operating two restaurant locations as well as a cafe. The company believes in the importance of providing high quality foods at affordable prices that are healthy alternatives to what is now being sold to the American public. In addition to focusing on the health food sector, the Company is now focusing on non-employee driven assets such as the life settlement policies and the purchase, rehabbing and flipping of commercial and residential properties.
This release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the company's current views with respect to future events that involve risks and uncertainties including uncertainties related to successful negotiations with other parties, closing of transactions, capital availability, operational and other risks, uncertainties and factors described from time to time in the company's publicly available SEC reports. In light of these risks and uncertainties, the forward-looking events described in this release might not occur.
SOURCE: GFY Foods, Inc.
Taylor Capitol Inc. Investor Relations: Stephen Taylor, 973-351-3868 STEPHTAYL9@AOL.COM
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Posted by golfshop on :
quote:Originally posted by Doctoall: This POS has still another R/S. Big Time Rip Off
Posted by golfshop on :
What's up with this guy.........again......? Seems he's becoming "king of the hill". I had for whatever reason held a few shares that had shrunk and shrunk to nothing, now they've disappeared. Anyone know anything else except having been had by this Ed guy again??