BUFFALO GROVE, Ill., June 2, 2005 (PRIMEZONE) -- GFY Foods, Inc. (OTCBB:GFYD) announces that its newest subsidiary, Terry Moye & Associates (TM&A), has signed an Engagement Letter to prepare a proposal package seeking a loan for a present Client.
The Client owns a large carwash in the Chicago area, and seeks a loan to help him expand, update and grow the business. TM&A will use its extensive experience in acquiring funding for its small-business clients to compile the loan package for the Client and is planning to meet with bankers in order to present the outline. Terry Moye, CPA and Consultant for TM&A has compiled an extensive list of contacts and personal relationships to use when seeking a business loan for clients.
If all goes as planned, this will be the second client to use GFY Foods, Inc. within the scope of Financial Services Consultants. The Company hopes that by helping the client expand, it will in turn have a larger base for which to provide Accounting and Consulting Services. Terry Moye plans to be able to provide the client with a well-rounded, time-tested approach to acquiring business loans, engineer a good and thoughtful Business Plan and execute it with the help of a Small-Business Consulting team. In furtherance of its goal to provide an all-inclusive Business Consulting Service, the Company plans to seek out more of these opportunities to provide for small businesses.
For more information please contact Ed Schwalb at (847) 353-7554.
About GFY Foods, Inc.
Founded in the spring of 2003 by Ed Schwalb -- GFY Foods is currently operating a franchised cafe, but is focusing on non-employee driven assets such as the life settlement policies and the purchase, rehabbing and flipping of commercial and residential properties, as well as other revenue sources.
This release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the company's current views with respect to future events that involve risks and uncertainties including uncertainties related to successful negotiations with other parties, closing of transactions, capital availability, operational and other risks, uncertainties and factors described from time to time in the company's publicly available SEC reports. In light of these risks and uncertainties, the forward-looking events described in this release might not occur.