DALLAS, May 12, 2004 (PRIMEZONE) -- Wall Street Futures, a leading news source for small-cap investors, has given Natural Harmony Foods, Inc. (Pink Sheets:NHYF) its highest rating of "Strong Buy" on recent news that the company will launch the full line of its flagship SoyLean(r) brand products this summer.
NHYF is a natural foods company that produces healthy, convenient and flavorful foods for individuals looking to make health-conscious diet choices without sacrificing taste. Its SoyLean(r) brand marries the taste and nutrition of beef and chicken with the health benefits of soy. The company's trial products, SoyLean(r) Flame Broiled Beef Patties and SoyLean(r) Fully Cooked Beef Crumbles, are 97% fat-free, high protein blends of lean ground beef and soy protein. They were introduced in 2002 in Southern Florida Publix supermarkets and were the first meat products ever to gain U.S. government approval to include the soy "heart healthy" claim on their labeling.
NHYF believes it has found an underserved gap in the food market -- consumers who enjoy the taste of beef and chicken but want lower fat and are aware of the healthful benefits of soy. Through its SoyLean(r) brand, NHYF has created an entirely new food category that offers both the taste and texture of familiar foods with the health attributes of soy protein.
Many large cap consumer foods companies, including Sara Lee Corp (NYSE:SLE), General Mills (NYSE:GIS), and market cap leader Kraft Foods, Inc. (NYSE:KFT) are down slightly in the past five trading days. Meanwhile, many smaller cap companies are showing that they are poised for growth. MGP Ingredients (Nasdaq:MGPI), for example, is up more than 13 percent in yesterday's trading alone, and it is one of the sector's leading movers this week as its volume was up significantly on earnings news.
Wall Street Futures believes NHYF is ideally positioned to capture a considerable portion of the multi-billion-dollar, health-conscious consumer budget in the United States, and therefore should attract investors seeking a viable, long-term alternative among consumer food companies. NHYF shares closed yesterday at $0.50.
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