Tasty Fries, Inc. (OTC Bulletin Board: TFRY) announced yesterday that it has satisfied, in full, its obligation to Amreet Trading Co., LLC pursuant to an October 5, 1999 promissory note. On January 19, 2001 the Company registered for sale 4,200,000 shares of its common stock. The proceeds of the offering were in large part to be used by the Company to pay its obligation to Amreet and the balance for working capital. The Company sold 4,000,000 of the newly registered shares to an investor who paid the obligation due Amreet.
Tasty Fries (TM) multi-patented machines prepare, cook and dispense French fries with the flavor, aroma and texture of freshly cut French fries. Total cooking time is less than 90 seconds. The fries are made from top quality potato product, and cooked in cholesterol-free oil using state of the art robotics technology.
For more information about this and other related developments, visit the Company’s web site at http://www.tastyfries.com or call 1-877-827-8937 for a free investor’s package.
Except for any historical information contained herein, the matters discussed in this press release contain “forward-looking statements” that involve risks and uncertainties, which are described in the Company’s SEC reports.