BLUE BELL, Pa., Nov. 12, 2003 (PRIMEZONE) -- Tasty Fries(r), Inc. (OTCBB:TFRY) announced today it has ordered 75 tons of its proprietary potato product from Nestle for use in its first 12 commercial vending machines slated for delivery and placement in locations in Pennsylvania, California and New York.
The order was placed in conjunction with Tasty Fries' extension of its 5-year contract with Nestle which provides for the Company to purchase between 750 and 1100 tons of potato product to service its production schedule of machines for the year commencing 2004.
Tasty Fries' original potato formula has been modified by Nestle to incorporate potato flakes. The modification will improve potato hydration and provide a more efficient means of delivering larger quantities of product to vendors in the same size packaging.
"We used this opportunity to modify our delivery system to accommodate the change in potato composition. The Siemens' Program Control Logic circuitry and programming provides Tasty Fries with the flexibility to modify our systems when needed, an option we did not have in previous control systems," stated Mr. Edward Kelly, President of Tasty Fries, Inc.
"Tasty Fries will begin interviewing vendors for the licensing of our machines, which will be available in the near future," Kelly added, "and we will ramp up our manufacturing early next year to service the orders we will be taking."
The Company also announced that, shortly, its commercial french fry vending machines will be available for viewing and tasting at its corporate offices by appointment and that it will post the locations of the commercial machines on its website.
About Tasty Fries, Inc.:
Tasty Fries has developed a patent-protected vending machine that prepares, cooks and dispenses freshly made fries with superior dietary attributes, flavor, aroma and texture. Total cooking time is approximately 90 seconds for each order. The fries are made from top-quality potatoes and are cooked in cholesterol-free oil using state-of-the-art robotics and technology.
Safe-Harbor Statement:
Except for the historical information herein, the statements in this press release are "forward-looking" statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve know and unknown risks and uncertainties, which may cause a company's actual results in the future to differ materially from forecasted results. These risks and uncertainties include, among other things, product price volatility, product demand, market competition and risk inherent in the operations of a company.