Greenfield Farms Food, Inc. Announces Series B Preferred Stock Agreement
(firmenpresse) - OAKBORO, NC -- (Marketwire) -- 08/16/11 -- Greenfield Farms Food, Inc. (OTCQB: GRAS) (OTCBB: GRAS) announced today that it has created a Series B Preferred Stock. Larry C. Moore, President/CEO of Greenfield Farms Food, Inc., has converted his Series A Preferred into a Series B Preferred. Under the terms and conditions of the agreement the Series B will not be eligible for treatment under Rule 144 for a period of three years.
Mr. Moore said, "As the company's chief executive and largest shareholder, it is my intention to demonstrate by the creation of this Series B Preferred and the underlying restrictions that my sole and single purpose is to grow this company for our shareholders. We have assembled an excellent management team, Board of Directors and a collective group of producers who raise the finest grassfed beef in the nation. We have created something unique with Greenfield Farms: an additional opportunity for family farms to market their product and a healthier alternative for consumers in the grocery store shelves nationwide."
About Greenfield Farms Food, Inc.
Greenfield Farms Food, Inc. is a consumer and wholesale driven producer of grassfed beef focused on delivering its product to major retail grocery chains throughout the country. The Company and its collective group of producers represent over 2,500 acres in pasture under management and approximately 2,000 heads of cattle. The company is a recognized producer of grassfed beef by the USDA-Food Safety and Inspection Service and is approved to carry the designation "Grassfed Beef" on all product labeling. The company operates a cold storage and distribution facility in Oakboro, NC.
Forward Looking Statements
Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such proclamations about the Company's future expectations, including future revenues and earnings, technology effectiveness and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.
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Datum: 16.08.2011 - 09:19 Uhr
Sprache: Deutsch
News-ID 1031136
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