Greenfield Farms Food Inc
Announces Receipt of Significant Trial Order and Intellectual
Property Update
WEST PALM BEACH, FL -- December 15, 2017 --
InvestorsHub NewsWire -- Greenfield Farms Food, Inc. ("GRAS"
or the "Company") (OTC
PINK: GRAS) confirmed today that the Company has secured a
significant trial order with a major automotive manufacturer
related to the Company's proprietary technology for an automotive
application. The initial production is expected to commence in
first quarter of 2018.
Jason Koo, the Company's chief executive officer stated "the
Company has developed a unique technology which will greatly
improve fuel efficiency. Based on independently validated current
test data, confirming double digit fuel savings, consumers can
expect significant cost savings."
Additionally, the Company announced it will soon be launching a
new line of humanoid robotic assistants designed for healthcare
sector. The fully automated robots are designed to dispense
medication and perform around the clock monitoring of a patient's
overall health and vital signs. The robotic personal assistant will
be best utilized for in home health care applications, nursing care
facilities and other health care industry services.
Koo stated "We are very excited with the ongoing success of the
beta testing currently being conducted. The personal service
robotics market is growing to the scale of the global consumer
appliance market. According to P&S Market Research, the "Global
Personal Robots Market Size, Share, Development, Growth and Demand
Forecast to 2022" is projected to reach $34 billion up from $3.8
billion in 2015. We are positioning our company to capitalize on
this growth."
About Greenfield Farms Food, Inc.
Greenfield Farms Food, Inc. is a publicly-traded nominally
capitalized company operating through its wholly-owned subsidiary
Carmela's Pizzeria Co, Inc. through the Carmela's Pizzeria Dayton
restaurant locations that include pizza buffets, alcohol service,
delivery and carry-out depending on the location. On December 1,
2017, the Company entered into a Letter of Intent (the "LOI) to
acquire certain assets of Ngen Technologies USA, Corp. ("Ngen").
The assets to be acquired center around Ngen's automotive
technologies business. Pursuant to the LOI, the Company will issue
the 1,000 authorized shares of Series E Preferred Stock that is
convertible into 85% of the issued and outstanding common stock of
the Company at the time of the conversion.
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.
For more information call Edward Carter at 980-348-8825