SOUTH PLAINFIELD, N.J.--(BUSINESS WIRE)--Sept. 8, 1998--All
American Food Group (OTC BB: AAFG), parent company of Goldberg's New
York Bagels and Deli and SoupChef International Gourmet Soups,
announced today that by mutual agreement AAFG and CRT Corporation (OTC
BB: CRTC) have decided to cancel their previously announced decision
to have AAFG purchase three operating food companies from CRT.
According to Andrew Thorburn, CEO of All American, the two
parties were unable to reach a definitive agreement and have decided
not to continue their negotiations.
Although the company is disappointed that the acquisition did not
take place, it is continuing on its turnaround path and expects to
report an improved profit picture for the third straight quarter.
--30--csm/ny*
CONTACT: All American Food Group, S. Plainfield, NJ
Andrew Thorburn, 800/776-5940
or
Lisker Gedney Stover, Inc., Yonkers, NY
Tom Lisker, 914/376-6767
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