GFY Foods, Inc. Provides Operational Update to Shareholders and Other Interested Parties
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BUFFALO GROVE, Ill., April 20 /PRNewswire-FirstCall/ -- GFY Foods, Inc. (OTC Bulletin Board: GFYF) announced today that it is continuing to aggressively move forward in all aspects of its business and operational processes in order to position the company for continued growth, increase revenue and provide incremental products and services that fit its target market of health conscious consumers. The company is working on a number of acquisitions of existing Kahala franchises and other restaurants and researching how it can introduce new products that will integrate well with its existing line of beverages and snacks for the health conscious consumers. Business processes, acquisitions and product development initiatives include: developing a marketing budget that will help the company invest the appropriate amount of resources to drive consumer awareness in key geographic locations; weighing the options to start selling a private label line of health and fitness products that could also include vitamins; negotiating with two parties to purchase additional franchise locations and/or a well established Italian Restaurant located in the Chicago metropolitan area. "We want to let our shareholders and other interested parties know that we are moving forward in our business processes and that we hope to have some exciting things to announce in the next few weeks and months, said Ed Schwalb, President of GFY Foods, Inc. "We have a bright future as a company and are very focused on growing our business in ways that will help us to diversify our revenue opportunities and leverage the locations of existing and new franchises. We also intend to offer a new suite of products and services that we think will be well received by our customers in order to better leverage our geographic locations." The company is currently operational in the Buffalo Grove, Illinois and Elkhart Indiana areas but plans to become national by rolling out additional locations in key market segments and to work closely with the Kahala Corporation to locate new locations for its restaurants. It 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. And, to continue to aggressively private label new/existing products that may integrate well with its existing line up of products and services. About GFY Foods, Inc. Founded in the spring of 2003 by Ed Schwalb -- GFY Foods is operating restaurant locations in Buffalo Grove, Illinois and Elkhart, Indiana. The company believes in the importance of providing high quality foods at affordable prices that are healthy alternatives to food that is now being sold to the American public. For more information please contact Ed Schwalb, President, 847.353.7554, 601 Deerfield Parkway, Buffalo Grove, IL 60089. ares@bwwonline.com 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. -0- 04/20/2004 /CONTACT: Ed Schwalb, President, +1-847-353-7554, or ares@bwwonline.com, for GFY Foods, Inc./ (GFYF) CO: GFY Foods, Inc. ST: Utah IN: FOD RST OTC SU:
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Im not sure what happened..I bought in at .0013 about a month ago and I wasn't expecting anything from it for a while..I was pretty shocked Friday when I seen it had moved..sold half my shares yesterday to get my money back out plus a little profit..riding on free shares today.people might be thinking that with a new CEO and the new chain of cafe's they bought that they might be able to turn the company around.
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Are we done for the day? Seems like another run to bring it back to .007 is unlikely. Does anyone have some behind the scenes input they can share?
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im such a dumbass, i sold all my shares at 0.004, thinking it was gonna drop like a log, just to buy them all back at 0.0047. Im so stupid!!!!!!
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This is going up and turning around!!! Keep it up guys! Don't sell.....it should look pretty good tomorrow!! What do you all think?
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I sold most yesterday at .003 and some at .0067 today with 10K left over. I just bought a little more at .0038-not sure if that is the bottom but it is close. GLTA-Debi
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Just replaced a server HDD, nice to see it holding above .004 while I was gone. Pretty suprised it came this far down, I must admit. All the better to buy more I suppose
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They match buyers and sellers of stocks. Making a small percentage from every sale which is a ton of money with so many shares trading hands. They keep liquidity in the markets.
Most are crooks....but just part of the Bulletin Board process.
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IF the daytraders get after it again it could run up nicely. Lots of selling today but should be expected after yesterday's run. Its trying to move up.
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At first I thought you were talking about M and M candies... Those darn M and M's are beating it down today. That's okay....it'll pick up tomorrow when the real investors jump on board.
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Trade: I hope you are right. Picked up over 4M shares today at .0043. The PR looked pretty good to me and reading what you all have to say. Why not get some and see what happens. Good luck all.
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DOG: I am here for a short time. Hoping for a quick 10K. I will be departing this stock NLT friday. Trying to correct a big mistake I made earlier today.
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