Interfoods in Talks With an Internet Company for Possible Merger or Acquisition
ENCINO, Calif.--(BUSINESS WIRE)--July 26, 1999--Interfoods Consolidated Inc. (OTC BB:IFCO) Monday announced that it has entered into discussions with a fast-growing Internet-services company for a possible merger or acquisition.
Among the services of this Internet-services company are Internet access, Web hosting and Web design.
Interfoods is exploring the possibility of entering the high- growth Internet industry to help enhance shareholder value. Interfoods officials and their Internet counterparts are expected to finalize a structure for a possible deal. Details of a possible transaction will follow.
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 constitute "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 |
