Greenfield Farms & Carmela's Pizzeria Announce Completion of Closing with Accounting Effective Date of October 1, 2013; Compa...
October 29 2013 - 7:00AM
Business Wire
Greenfield Farms Food, Inc. ("Greenfield" or the "Company")
(OTC/QB: GRAS) announced today that is has closed the acquisition
transaction with Carmela’s Pizzeria. The accounting effective date
is October 1, 2013. This closing completes the acquisition of 100%
of the equity interests of Carmela’s in a newly created
wholly-owned operating subsidiary of Greenfield in exchange for
shares of Greenfield stock and warrants.
The Company also announced today the effectiveness of a 1 for
100 share reverse split of its common stock that will take effect
as of the market open on Thursday, October 31, 2013. Beginning with
the open of business on October 31, 2013 and for a period of 20
business days, the Company's common stock will trade under the
stock symbol "GRASD". The "D" will drop off and the stock will
continue to trade under the symbol "GRAS" on the 21st business
day.
Holders of shares of the Company's common stock in certificate
form are not required to exchange their certificates with the
Company's transfer agent, however, they are welcome to do so if
they wish by contacting the Company's transfer agent, West Coast
Stock Transfer, Inc. at (619) 664-4783.
Mr. Ronald Heineman has been appointed to serve as President and
Chief Executive Officer of Greenfield and Mr. Henry Fong, following
his resignation as President and Chief Executive Officer of
Greenfield, has been appointed to serve as Chief Financial Officer
and Corporate Secretary of Greenfield.
Carmela's Chairman, and newly appointed Greenfield CEO, Ron
Heineman said, “We are excited to finally have completed this
transaction and are ready to move forward expeditiously with our
business plan. We are confident in the Carmela’s Pizza restaurant
concept and the solid base we have built with our Dayton, Ohio
areas locations. We believe this transaction is the springboard we
need to grow the Carmela’s brand and create shareholder value for
the Greenfield stockholders.”
Greenfield Chief Financial Officer and former CEO, Henry Fong,
said, “Although this transaction took a little longer than
originally anticipated, I believe we have created the right
environment to build on the successful concept Carmela’s has
created and I have full confidence in Ron and his team to do just
that.”
About Carmela's Pizzeria
Carmela's presently has three Dayton, Ohio area locations
offering authentic New York style pizza with a fourth slated to
open within 30 days. Carmela's offers a full service menu for Dine
In, Carry out and Delivery as well as pizza buffets in select
stores. Carmela’s has been noted in Dayton Daily News as one of
“The Best Pizzerias” in Dayton. Visit the Carmela's website at:
www.carmelasohio.com
About Greenfield Farms Food,
Inc.
The Company is a publicly-traded nominally capitalized producer
and marketer of "grassfed" beef supplying a North Carolina based
grocer on a very limited basis and with the acquisition of
Carmela’s Pizzeria now also operates through its wholly-owned
subsidiary Carmela’s Pizzeria CO, Inc. through the Carmela’s
Pizzeria Dayton restaurant locations.
Safe Harbor for Forward-looking Statements
This news release may contain forward-looking statements that
are made pursuant to the “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1995. While these statements
are made to convey to the public the company’s progress, business
opportunities and growth prospects, they are based on management’s
current beliefs and assumptions as to future events. However, since
the company’s operations and business prospects are always subject
to risk and uncertainties, the forward-looking events and
circumstances discussed in this news release might not occur, and
actual results could differ materially from those described,
anticipated or implied. For a more complete discussion of such
risks and uncertainties, please refer to the company's filings with
the Securities and Exchange Commission.
Contact Information:
Greenfield Farms Food, Inc.
Carmela's Pizzeria Thomas B. Olson, Public Relations Ron Heineman,
Chairman & CEO (303) 796-8940 (513) 602-3268
Greenfield Farms Food, Inc.Thomas B. Olson, 303-796-8940Public
RelationsorCarmela's PizzeriaRon Heineman, 513-602-3268Chairman
& CEO
Integrated Ventures (QB) (USOTC:INTV)
Historical Stock Chart
From Mar 2024 to Apr 2024
Integrated Ventures (QB) (USOTC:INTV)
Historical Stock Chart
From Apr 2023 to Apr 2024