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.

Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: JohnO who wrote (7379)	8/20/1998 12:23:00 PM
From: Jay Letterman	Read Replies (1) \| Respond to of 25711

AAFG, trading at .054 close to it's low, here is today's news,.,.,. AAFG, turnaround company about to come off it's low. Thursday August 20, 10:32 am Eastern Time Company Press Release AAFG Strikes Bagel Bonanza in Baltimore SOUTH PLAINFIELD, N.J.--(BUSINESS WIRE)--Aug. 20, 1998--All American Food Group (OTC BB: AAFG - news) announced today that its newest Goldberg's New York Bagel franchise store in Baltimore, Maryland is its biggest producer to date, and sales per square foot will be among the highest in the industry. Even before the official opening of the Goldberg's Bagel store, customers are standing on long lines to purchase their bagels and delicacies. Word has spread quickly that authentic, New York bagels and their traditional accompaniments had finally arrived in Baltimore. Franchisee Stan Drebin, a former businessman who had never before been in the baking business, is ecstatic. ''I knew the folks in Baltimore were really hungry for a traditional New York bagel store,'' says franchisee Stan Drebin. ''But I never dreamed how hungry they were. We have been mobbed ever since we opened the doors. The response from the people of Baltimore has been nothing less than phenomenal.'' ''Stan's store in Baltimore has verified what we have believed from the beginning, that a kosher bagel store in the right location can be a home run,'' says Andy Thorburn CEO of All American Food Group. ''Our kosher stores throughout the country have been the most successful in our chain -- and it looks as if Goldberg's in Baltimore will be breaking all our records.'' Goldberg's has been in continuous operation since 1938, featuring a traditional old-world, boiled-and-baked bagel recipe. Goldberg's also occupies a unique retail niche in that it is the only national bagel chain that offers franchisees their choice of either a traditional deli or a fully kosher store. In addition, All American Food Group has become a manufacturer and distributor of SoupChef International Gourmet Soups, which provide franchisees with an opportunity to add further to their luncheon and dinner business, and also add significantly to AAFG's bottom line. Since its initial public offering in December 1996, AAFG has grown from 11 to 38 stores. Current expansion plans call for a total of well over 100 stores to be in operation in eleven states by year-end 1999. 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: Tom Lisker (LGS), 914/376-6767 Andrew Thorburn (All American), 800/776-5940