SHAL is unAmerican. Why would a company in the good old U.S. of A have security accounts at Union Securities LTD. a Canadian brokerage? Seems like a coincidence that can not be over looked. Notorious Larry Ryckman was also from Canada thought he lives in Scottsdale AZ. Yes Scottsdale, the same place KRAB (NOW ULAB) used to be located out of. go figure!!!!!!
KRAB 1 for 100 reverse split on 5/3/99 according to Bloomberg = ULAB
ULAB history:
LPI Holdings 5/2/97 (LPIH)
Redwood Interactive Group (RING)
N/C from Triumph International Foods on 5/3/99 (KRAB)
1 for 100 reverse split on 5/3/99 according to Bloomberg
TRIUMPH INTERNATIONAL FOODS INC.
8/5/97 17:36
Receives Letter of Intent For Up to 3 Million Lbs. In Blue Crab Orders
Business Editors and Food Editors
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Aug. 5, 1997--Triumph International
Foods Inc. (OTCBB:KRAB) Tuesday announced that it has received a letter
of intent for the purchase of up to 3 million pounds of premium blue
crab products from a leading U.S. seafood distributor.
This major letter of intent follows the distributor's analysis of
Triumph International Food's business plan and methods of harvest,
processing and transport, which concluded that Triumph's methods "are
state-of-the-art and will produce a product superior to that of any
currently on the market at this time."
Peter Logan, chief operating officer and chairman of the Board of
Triumph International Foods, stated, "In my 17 years in the seafood
industry, I have never encountered blue crab that compares to the size
and quality found in the prolific fisheries of the Strait of California,
Mexico. From the very beginning I have adamantly contended that we
could use new technologies to bring this high quality crab to the
lucrative U.S. markets." Logan continued, "Having spent a great deal of
money and time on the research and development phase, it is very
gratifying to have
respected industry veterans concur and enthusiastically seek a
relationship with Triumph."
Commenting on the impact of reduced domestic blue crab harvests, Peter
Logan said, "In our initial projections, we were using a figure of
around $10/lb. for high grade jumbo crabmeat; current market prices
suggest a figure closer to $15.75/lb. Bare in mind, under the NAFTA
trade environment, our peso-based raw material
processing and labor costs are as low as 50 U.S. cents/lb. The supply
dynamics of the U.S. market afford us extraordinary profit margin
potential."
Packaged under their own private labels, the distributor intends to buy
finished processed crab products from Triumph. Their usage would
include whole dressed I.Q.F. crabs, cocktail claw fingers, jumbo lump
and white lump crabmeat, and dark claw crabmeat. Additionally, the
distributor's international subsidiary intends to
private label shrimp products in the burgeoning Mexico market in
conjunction with Triumph.
Based in Scottsdale, Triumph International Foods is positioned to become
a fully integrated specialty seafood producer capitalizing on a
strategic combination of leading-edge technologies and the NAFTA trade
environment.
NOTE TO EDITORS: Statements in this release are made pursuant to the
"safe harbor" provisions of the Private Securities Litigation Reform Act
of 1995. Investors are cautioned that such forward-looking statements
involve risks and uncertainties,
including, without limitation, continued acceptance of the company's
products, increased levels of competition for the company, and
dependence on third-party suppliers.
--30--KM/np* JS/np
CONTACT: The Michelson Group Inc. 714/222-4482
or
Triumph Foods International Ltd. 602/607-3249
Name: WIMINGTON PARTNERS XT LLC
Title: Shareholder
Company: Sara Hallitex Corp
Shares Remaining: N/A
Transaction History
Date Action Broker Shares Type Price Value
3-Apr-98 Planned Sale (144) UNION SECURITIES, LTD. 250,000 Common - $875,000
=====================================
Name: FUTURE VEST AMERICA LLC
Title: Investor
Company: Sara Hallitex Corp
Shares Remaining: N/A
Transaction History
Date Action Broker Shares Type Price Value
22-Jun-98 Planned Sale (144) UNION SECURITIES, LTD. 250,000 Common - $925,000
===================================
Name: WSY LTD
Title: Investor
Company: Sara Hallitex Corp
Shares Remaining: N/A
Transaction History
Date Action Broker Shares Type Price Value
24-Sep-98 Planned Sale (144) UNION SECURITIES, LTD. 600,000 Common - $900,000
22-Jun-98 Planned Sale (144) UNION SECURITIES, LTD. 150,000 Common - $555,000
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