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Microcap & Penny Stocks : TFRY (was FRYA) Tasty Fries, Inc.
TFRY 0.000010000.0%Dec 12 9:30 AM EST

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To: Joe Griffin who wrote (1638)9/28/1998 9:45:00 AM
From: Janice Shell  Read Replies (1) of 2405
 
Hah! That's what YOU think. In case you haven't noticed we've launched an aggressive acquisitions campaign:

Monday September 28, 8:55 am Eastern Time

Company Press Release

Board Approves $4MM Acquisition

BLUE BELL, Pa.--(BUSINESS WIRE)--Sept. 28, 1998--Today management of Tasty Fries (OTC:TFRY - news) announced that the board of directors has approved the acquisition of $4MM in NASD-Approved assets from a New York company contingent upon satisfactory due diligence. The company sent a proffer letter to the acquisition candidate offering 15% restricted 144 shares in exchange for the assets with a provision that allows the company to buy back 5% in one year. The acquisition candidate must accept or reject the offer within 10 days at which time it automatically voids itself. However the acquisition candidate has verbally expressed satisfaction with the offer which they said was ''fair and would most likely be accepted''.

CEO Ed Kelly commented; ''This acquisition is the first step towards qualifying for Small Cap status which will get our company the exposure it needs to accelerate our growth.'' Kelly whose company manufactures and distributes robotic vending machines also indicated that the company was considering other acquisitions as well but that this deal kept dilution to an absolute minimum.

In related news, the company hired a former marketing executive from United Technologies to search out and identify other acquisition candidates who could add share and book value to the company. This consultant was hired on a contingency basis at no cost to the company unless and until an acquisition takes place, and he will submit monthly reports to the board for consideration.

More information about the company can be obtained by visiting their web site at www.TastyFries.com or by calling 1-877-827-8937 for an investor's package. (Please see news releases during last 30 days for complete update).

Contact:

Tasty Fries, Blue Bell
877/827-8937 (toll-free)
Visit the company's web site at www.TastyFries.com


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