Tasty Fries Receives Purchase Order for French Fry Vending Machines
Tuesday May 25, 8:58 am ET
BLUE BELL, Pa., May 25, 2004 (PRIMEZONE) -- Tasty Fries, Inc. (OTC BB:TFRY.OB - News) announced today it has received and accepted a purchase order for 5,000 French fry vending machines and associated ancillary products from Classic Vending, Inc. located in Las Vegas, Nevada. Classic Vending has substantially secured its purchase order for the first 250 production French fry machines with a 2.5 million dollar Letter of Credit. The Letter of Credit guarantees payment to the manufacturer upon the release of the first 250 machines. After successful delivery and acceptance of 250 machines, each subsequent quantity of 250 will be secured with additional Letters of Credit. ``A Tasty Fries French fry vending machine will be installed at Classic Vending in Las Vegas, Nevada on June 15, 2004 for the purpose of demonstrating the machine's functionality, dependability and quality. The installation of the production machines is expected to commence in August 2004,'' stated Edward C. Kelly, President and CEO of Tasty Fries, Inc. |
