Interfoods Commences Dialog With French Fast-Food Company for Possible Joint Venture
ENCINO, Calif.--(BUSINESS WIRE)--May 27, 1999--Interfoods Consolidated Inc. (OTC BB:IFCO) Thursday announced that it has initiated discussions with a French fast-food operator with headquarters in Paris, regarding a joint venture partnership.
Interfoods is exploring the possibility of working with the French to establish a U.S. presence of their fast-food chain which was created in France in 1995. Management expects to develop a highly recognizable brand name chain of restaurants offering a high-quality product and friendly customer service.
Interfoods officials and their French counterparts are expected to meet in Paris during the second week of June to structure a possible transaction.
Interfoods Consolidated, through its operating subsidiaries, is a manufacturer, distributor and marketer of specialty gourmet and Mexican food products. Its wholly owned subsidiary, Holland American International Specialties, is a 56-year-old wholesaler and retailer of specialty gourmet foods. Interfoods also manufactures Mexican food products through its Sierra Vista Foods Inc. subsidiary.
Certain information and statements included in this release contain "forward-looking statements" within the meaning of the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the results, performance, or achievements of the company to be materially different from any future results, performance or achievements expressed or implied in such forward-looking statements.
CONTACT:
Interfoods Consolidated Inc., Encino
Eric Manlunas, 818/981-8030, ext. 2
KEYWORD: CALIFORNIA
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