Legends Foods Corporation Current on All Filings for OTC Markets
September 07 2011 - 3:00PM
Marketwired
Legends Foods Corporation (PINKSHEETS: LJWY) announced today the
Company is current on all of its filings on the OTC Markets and now
in full compliance with OTC Markets Alternative Reporting
Standards. Restrictions have now been eliminated from the stock
symbol LJWY.
Legends will expediently move to complete the audit of the June
30, 2011 financial statements as soon as possible. The Company will
then be in compliance as an SEC fully reporting company and qualify
for the OTC Markets Tier 2 OTCQB classification.
Laurence Briggs, President and CEO of Legends Foods, stated,
"The cleanup of the public company is complete and we can now focus
on building the future."
Mr. Briggs joined Legends Food Corporation in early July to
develop and implement a strategy of building a specialty food group
of upscale Texas and Gourmet Mexican Foods company.
Complementing Mr. Briggs and Jerry Grisaffi in the executive
management team are:
- Michael Welch, CFO/Controller (formerly CFO of Stephan Pyles
Restaurant Group)
- Sher Briggs, Chief Marketing Officer (formerly with Sherbee
Media) responsible for strategic market positioning, planning and
execution, Brand expansion, eCommerce and social media.
Joining the Board of Directors is:
- Mitch Pisik, a CEO of Private Equity deals and former brand
strategy manager at Gerber Foods
Russell Cleveland (Chairman of Renaissance Capital) has accepted
an appointment as Special Advisor to the Board in conjunction with
an investment by his family trust.
Since early July 2011, the Company has completed:
- Name change, symbol change, built out an excellent Executive
Management Team created the Republic of Texas Food Company™ brand (
for its wholly owned subsidiary)
- Signed eight private label deals for Republic of Texas Food
company
- Signed an LOI to acquire Mary of Puddin Hill, an iconic Texas
Cake, candy and chocolate manufacturer (Closing expected September
30th) with a significant seasonal direct mail catalog business
The Company is also announcing a change in its year end to June
30th to better reflect the activities of the Company's business
units which are currently seasonal. Contra cyclical product lines
are being sought.
For more information on Legends Foods Corporation, please visit:
www.legendsfoods.com.
Forward-Looking Statements:
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995
(the "Act"). Additionally, words such as "seek," intend,"
"believe," "plan," "estimate," "expect," "anticipate" and other
similar expressions are forward-looking statements within the
meaning of the Act. Some or all of the events or results
anticipated by these forward-looking statements may not occur.
Factors that could cause or contribute to such differences include
the future U.S. and global economies and the impact of competition.
Legends Foods Corporation does not undertake any duty nor does it
intend to update the results of these forward-looking
statements.
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For further information please contact: Laurence Briggs
214-213-6597 Email Contact Investor Relations Contact: Jack
Eversull The Eversull Group, Inc. 972 571 1624 214 469 2361 fax
Email Contact