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.

Microcap & Penny Stocks : SHAL -- Ignore unavailable to you. Want to Upgrade?

To: * Thumper * who wrote (533)	5/5/1999 4:15:00 PM
From: StockDung	Respond to of 941

Hey KRABman why don't you just stick to debating the facts. Could have been worse. It could have been (RING). Would have had a field day with that one. 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

To: * Thumper * who wrote (533)	5/5/1999 4:15:00 PM
From: StockDung	Respond to of 941

Hey KRABman why don't you just stick to debating the facts. Could have been worse. It could have been (RING). Would have had a field day with that one. 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