NEWPORT BEACH, Calif., Oct. 31, 2007 (PRIME NEWSWIRE) -- Richard Damion, CEO of IFPG (OTCBB:IFDG), announced today that the due diligence process for the intended acquisition has been completed. In addition, the company now has a letter of commitment in place that should secure the required financing to finalize this transaction. Damion added, "We have also completed the designs for a group of cheese products that will be offered to both the retail and institutional marketplace under the Golden Choice Foods(tm) Casa de Queso and Bueno Blends brands. All of these steps will allow us to enter the new year with the momentum necessary to complete our second acquisition and enhance our shareholders' value."
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About International Food Products Group, Inc.: IFPG is a public company trading on the OTCBB with the ticker symbol "IFDG." The Corporate Offices are at 895 Dove Street, 3rd Floor, Suite 365, Newport Beach, CA, 92660; http://www.goldenchoice.com. IFPG has been the manufacturer and marketer of a variety of food products including Golden Choice 100% Colombian Roasted Coffees, Golden Choice Organic Harvest(tm) and Supreme Harvest(tm) lines of Frozen Fruits and Vegetables, and 100% Fresh Squeezed Pure Fruit Juices. Other products include "G.O.T. FRIES(r)," Just Popped(tm), and other fine domestic and imported food products.
Safe Harbor Disclaimer: Certain statements contained herein constitute forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. Such statements include, without limitation, statements regarding business and financing plans, business trends and future operating revenues and expenses. Although the Company believes that the expectations reflected in such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by the words: believe, expect, anticipate, intend, estimate and similar expressions, or which by their nature refer to future events. You should independently investigate and fully understand all risks before investing. These descriptions of the Company contain forward-looking statements that involve risk and uncertainties including, but not limited to, quarterly fluctuations and results, the management of growth, competition and other risks detailed in the company's SEC filings if any. Actual results may differ materially from such information set forth herein.
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