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Non-Tech : All American Food Group(AAFG)

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To: MeDroogies who wrote (139)6/26/1998 2:28:00 PM
From: melinda abplanalp   of 618
 
This is latest release. Sounds a little better to me. Can't remember if the approval part was in the other releases though.

Friday June 26, 1:46 pm Eastern Time

All American Food Agrees to Acquire CRT Corp. Companies

ALL AMER. FOOD GROUP INC. Agrees to Acquire Companies from CRT Corp.

June 26, 1998, All American Food Group (Nasdaq:AAFG - news) announced that it agreed to purchase three operating food
companies from CRT Corp. (OTC BB:CRTP - news) for $11 million in stock.

AAFG said the three operating companies are Delta Valley Farms, which is a cheese manufacturer, New World Pizza
Company, and Safari Yogurt. All three are operating profitably, with combined sales of approximately $18 million. The
acquisition will result in a fourfold increase in AAFG's operating revenue.

AAFG stated that the closing is subject to various regulatory conditions, including stockholder and other approvals. In addition,
AAFG recently announced the acquisition of Benny's Bagels, a 25-store bagel chain in Dallas, scheduled to close on July 8.

More Quotes
and News:
All American Food Group Inc (Nasdaq:AAFG - news)
CRT Corp (OTC BB:CRTP - news)
Related News Categories: retail, supermarkets
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