TASTY FRIES, INC.
COMPLETES TOOLING PROGRAM,
PRODUCTION UNITS NEAR COMPLETION
Blue Bell, Penna.-August 27, 1998 -- Tasty Fries, Inc. (OTC:TFRY), a development stage company which has commenced the commercial production of its French fry vending machine announced today it has successfully completed 100% of their tooling program. All components have been successfully integrated into our production units. Edward C. Kelly, President and CEO of Tasty Fries, Inc. stated "the conclusion of this program marks a milestone for Tasty Fries, At a cost of $1,500,000 and two years of intense work it brings our corporate goal clearly in sight." According to Kelly, "we intend to launch a production run of 1000 of our French fry machines immediately following the placement of the initial 25 production units."
Further, management has entered into preliminary negotiations with the merchandising agent for a large, high traffic retail chain of discount department stores to begin distribution of Tasty Fries vending machines in at least 500 stores as production units become available. According to the proposal full distribution to over 10,000 stores will follow. The company anticipates a letter of intent within the next 30 days.
For more information about the company, please visit their web site at www.TastyFries.com or call for a free investor package to 877-827-8937.
The Tasty FriesT vending machine is a revolutionary advance-one of the first multi-patented vending machines to prepare, cook and dispense French fries with the flavor, aroma and texture of freshly cut French fries. Total vend time is a little less than one and a half minutes. Tasty Fries are made from top-quality Idaho russet potato and cooked in cholesterol-free oil using a patented state-of-the-art robotic technology. The machines are expected to be located in high-traffic locations such as universities, airports, bus and train stations, schools, military bases, theaters, work areas and recreational venues.
Except for any historical information contained herein. The matters discussed in this press release Contain "forward looking statements " that involve risks and uncertainties which are described in the Company's SEC reports.
Sincerely,
Edward C. Kelly
President
TASTY FRIES, INC.
tastyfries.com
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