Fresh Promise Foods Announces DTC Chill Removed From Common Stock and Provides Updated Corporate Structure
January 31 2014 - 8:48AM
Fresh Promise Foods, Inc. (OTCQB:FPFI), a developer, processor and
marketer of healthy, better-for-you food products, announces the
removal of the DTC "chill" on the company's common stock. The
Company is pleased to announce that a DTC "chill" on its common
stock security has been lifted as the company continues to
restructure the corporation since taking over. This is a key
development that has been in the process for many months. The
removal of the chill increases the ability of the company to access
capital at more favorable rates therefore making the cost of
capital more appealing. It also gives investors easier access
to acquire common shares. Some key developments that have
occurred since current management took control of the public
vehicle in April of last year include…
- Hiring Kevin Quirk as CEO
- Retirement of 1.1 billion common shares
- Reduction of authorized shares from 4 billion to 475
million
- Name change to Fresh Promise Foods to better reflect the
company's mission and symbol change to coincide with that
direction
SHARE STRUCTURE
As of Jan. 2014, the Company had approximately 475 million
shares authorized, of which 65 million common shares were issued
and outstanding. A recent interview with Kevin Quirk, the CEO of
Fresh Promise Foods, where he discusses current and future
operational plans, can be accessed by going to
http://www.wallstreetnewscast.com/profile/fpfi.html.
Fresh Promise Foods will be releasing shortly a detailed plan of
their intended launch of their own line of branded health and
wellness products. Kevin Quirk, CEO, says, "Our vision has
always been to be a leading consumer products company in the health
and wellness industry. I and my team are doing what we do
best, launch and market consumer products. The results will be an
all-natural product and category creator which is scheduled to
launch in the second quarter of this year with line extensions to
follow strategically throughout the year. We have put
together all pieces on the technology, branding, marketing,
processing and distribution side and are very eager to share more
specifics about the brand to the public in the near future".
About Fresh Promise Foods Inc.:
Based in Atlanta, Ga, Fresh Promise Foods, and its subsidiaries
seek to be the catalyst to a better quality of life by offering
health and wellness solutions that make sense and fit into the
everyday lives of all consumers. Focused on three key
strategic areas, Food Technology, Consumer Products and Value
Added, Fresh Promise Foods will set itself apart from the
competition by marrying innovative technology and product
development with perceptive marketing and sales service strategy.
www.freshpromisefoods.com
Safe Harbor Statement:
Except for statements of historical fact, the matters discussed
in this press release are forward-looking, and are made pursuant to
the Safe Harbor provisions of the Private Securities Litigation
Reform Act of 1995. Statements made herein regarding the
intent, belief or current expectations of Fresh Promise Foods,
Inc./Anthus Life Corp. are forward-looking statements that reflect
numerous assumptions, risks and uncertainties, many of which are
beyond our control, and any of which could cause our actual future
results to differ materially from our stated expectations today.
Prospective investors are cautioned that our forward-looking
statements are never guarantees of future performance.
Important factors currently known to management that could
cause our actual future results to differ materially from those
indicated in our forward-looking statements today include our
limited operating history, fluctuations in our operating results,
our ability to compete successfully and our ability to attract
necessary capital on satisfactory terms. Except as required
by applicable law, we undertake no obligation to update or revise
our forward-looking statements to reflect changed assumptions, the
occurrence of unanticipated future events or changes in our future
operating results.
CONTACT: Fresh Promise Foods
info@freshpromisefoods.com