Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : All American Food Group(AAFG) -- Ignore unavailable to you. Want to Upgrade?

To: WEBNATURAL who wrote (255)	8/7/1998 11:36:00 AM
From: Yuri Aminov	Read Replies (3) \| Respond to of 618

Some news today: Friday August 7, 8:46 am Eastern Time Company Press Release All American Food Group Denies Rumors, Foresees Continued Growth SOUTH PLAINFIELD, N.J.--(BUSINESS WIRE)--August 7, 1998--Andrew Thorburn, All American Food Group's (NASDAQ Bulletin Board: AAFG - news) founder and CEO, reacting today to unfounded rumors of a reverse stock split or a contemplated filing for bankruptcy, announced that AAFG showed continued fiscal vitality through the third quarter, ending July 31. ''Our previous quarterly report showed tremendous improvement. We have cut our losses by about 60 percent,and this current quarter looks even better,'' says Thorburn. According to John Chitvanni, an AAFG board member, ''The Board of Directors of AAFG is definitely not contemplating a reverse stock split, nor is it considering filing for bankruptcy. Quite the reverse. We see healthy signs of growth and fully expect this trend to continue.'' As far as the stock price today, Mr. Thorburn feels the company is in a turnaround situation and is curently undervalued. This press release contains forward-looking statements. The Company's actual performance might differ materially from that projected in such forward-looking statements for numerous reasons, including those contained in the Company's Annual Report on Form 10-KSB and other periodic reports filed with the Securities and Exchange Commission. 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