Looks like things are happening.
LOS ANGELES, April 16 /PRNewswire/ -- Vitafort International Corporation (OTC Bulletin Board: VRFT) announced today that it had completed two Reg D private equity transactions with gross proceeds of $1,000,000 and net proceeds of approximately $900,000. The investors were a large institution and a U.S. fund.
Commenting on the transactions Mark Beychok, Vitafort's CEO and President said, "Our primary concern is to meet the company's immediate needs for working capital so that the company may begin to realize its growth potential."
Vitafort International Corporation develops and markets a proprietary line of low fat and fat free food products including toaster pastries, brownies, snack cakes, cookies, boxed chocolates and sundry healthy snack foods. Vitafort's products are sold under the names Auburn Farms, Natures Warehouse and Vitafort and are distributed through major food retailers including Publix, Ralph's, Winn-Dixie, Stop & Shop, Trader Joe's, et al.
SOURCE Vitafort International Corporation
CO: Vitafort International Corporation
ST: California
IN: FOD
SU: FNC
04/16/97 07:16 EDT prnewswire.com
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