USA: Rica Foods, Inc. announced that there is no internal reason that justifies stock price drop

Rica Foods, Inc. (Amex: RCF) announced Friday (5 January) that there is no reason, other than external factors, that could influence the stock price drop. "Our current market price does not reflect the strength or condition of our company. We are excited about our future,'' Mr. Calixto Chaves, RCF's Chairman, said. "There is no fundamental reason why the price of our stock has decreased, but we feel comfortable with our company's performance," Mr. Chaves concluded.

January 8, 2001

Rica Foods, Inc. (Amex: RCF) announced Friday (5 January) that there is no reason, other than external factors, that could influence the stock price drop.

“Our current market price does not reflect the strength or condition of our company. We are excited about our future,” Mr. Calixto Chaves, RCF’s Chairman, said. “There is no fundamental reason why the price of our stock has decreased, but we feel comfortable with our company’s performance,” Mr. Chaves concluded.

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties or other factors which may cause actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. For more complete information concerning factors that could affect the Company’s results, reference is made to the Company’s registration statements, reports, or other documents filed with the Securities and Exchange Commission.

For more information, contact the company at (305) 477-1804, or email to: rpiedra@ricafoods.com or mmarenco@ricafoods.com.