To all FYI. Interesting how the management is all of a sudden communicating with the shareholders ... and announcing all this positive news. hmmm .. when are those earnings due out again ?
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SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Sept. 25, 1997--Alanco Environmental Resources
Corp. (NASDAQ:ALAN) Thursday announced that its Fry Guy division has begun installation of its
Integrated Food Services Marketing Program in Mann Theatres with initial installations in the Denver
market and Southern California.
``Motion picture theaters are a new venue with enormous potential for the Fry Guy program,'' said
Edward Maley, president of Fry Guy Inc. ``We began with three theaters in metropolitan Denver
and four in California with an average of two Fry Guy units per theater. The results have been very
positive, so we will begin adding more theaters right away.''
Mann Theatres operates more than 60 state-of-the-art motion picture theaters in the western United
States, primarily in Colorado and California.
Wally Helton, vice president of concessions for Mann Theatres, said, ``Our objective is to provide
our customers with the finest motion picture theater experience possible. The convenience of the Fry
Guy food program and the high quality Sgt. Fry foods have enabled Mann Theatres to provide a
new dimension of enjoyment and service to our customers. They have welcomed Fry Guy
enthusiastically.''
The Fry Guy proprietary, private label SGT. FRY menu items being offered in Mann Theatres
include french fries, onion rings, chicken fries, chicken tenders and cheese sticks.
Alanco also announced the establishment of a working capital line of credit. Dennis Schlegel,
chairman and chief executive officer of Alanco, said, ``This new credit line demonstrates the
tremendous progress Alanco has made in our core business. Nothing is a greater endorsement of
our business than the willingness of a financial institution to undertake a due diligence review and
provide additional capital.''
The Fry Guy Integrated Food Services Marketing Program supplies a patented, self-ventilating fryer
in a convenient counter top unit that requires little shelf space and operates on 110-volt power.
Under the private label SGT. FRY, Fry Guy provides end users the finest quality finger food
products in conjunction with prominent food suppliers as its strategic partners. These include Tyson
Foods, Anchor Foods, and the Lamb Weston division of Beatrice Foods, with cooking oil provided
by Cargill.
The Fry Guy Integrated Food Services Marketing Program is operating in more than 1,300
Wal-Mart stores nationwide. >> |
