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International Food Products Group, Inc
International Food Products Group Inc. Signs Letter of Commitment
NEWPORT BEACH, Calif., Dec. 21, 2007 (PRIME NEWSWIRE) -- International Food Products Group (OTCBB:IFDG) Chairman/CEO Mr. Richard Damion today announced that IFPG has signed a Letter of Commitment with Inka Grill, Inc., a Californian-based Peruvian food restaurant chain, for the exclusive marketing and distribution rights to an extensive line of the chain's most popular Peruvian gourmet meals, which will be sold through major retail, specialty and club stores nationwide. Mr. Damion also confirmed that IFPG has rescinded its offer for the acquisition of the cheese processing company, as previously announced, due to external financial market forces which seriously hindered the company's ability to finalize the capitalization for the transaction. Mr. Damion commented, "Over the past year we have invested heavily in time and resources to conclude the acquisition of this company. While we are disappointed at the outcome, we are however refocused and on making the Inka Grill(tm) retail product lines a resounding success." Damion added, "As Peruvian food gains international recognition as a rich and varied world class cuisine, we are delighted to have secured the exclusive rights for the retail sales. This is a unique food concept and a great opportunity for IFPG. Not only will we have an extensive and varied line of Peruvian food products to market and distribute, but also, Inka Grill(tm) is in the final stages of a launching the first major Peruvian restaurant franchise concept in the USA, a move that should provide substantial visibility as the brand enters the retail food category." Mr. Damion concluded, "The company is in ongoing negotiations with the Inka Grill and fully anticipates playing a major role in the franchise aspect of exceptional business opportunity as Peruvian food is about to take its rightful place as one of the Worlds finest emerging cuisines."
ACI Worldwide, Inc.
ACI Worldwide, Inc. Receives Additional Notice From NASDAQ
NEW YORK, Dec. 21, 2007 (PRIME NEWSWIRE) -- ACI Worldwide, Inc. (Nasdaq:ACIW) (the "Company") today announced that on December 19, 2007 it received a written Staff Determination notice from the NASDAQ Stock Market ("NASDAQ") stating that the Company is not in compliance with NASDAQ's Marketplace Rule 4310(c) (14) because it did not timely file its Annual Report on Form 10-K for the fiscal year ended September 30, 2007. The regulatory filing date for that Form 10-K was November 29, 2007 (the "2007 Form 10-K"). NASDAQ Marketplace Rule 4310(c)(14) requires the Company to make on a timely basis all filings with the Securities and Exchange Commission, as required by the Securities Exchange Act of 1934, as amended.