NEW YORK, Aug. 10, 2006 (PRIMEZONE) -- B&D Foods Corporation (OTCBB:BDFC) announced today that the Neves Viana company of Brazil has signed an open-ended contract with BDFC to produce twenty tons of spray dried coffee per month. This contract represents 5.5%, or $250,000, of all planned revenues for the coming twelve months.
Yaron Arbell, CEO of B&D Foods, stated: "I am thrilled to receive this contract with Neves Viana. This contract alone could generate revenues of $250,000 per year. We are building our business one contract at a time utilizing the resources and power of our manufacturing plant."
B&D Foods Corp. recently purchased a factory strategically located in Brazil near the two largest ports in an area that provides a year-round supply of green coffee beans and cheap labor. The factory has a production capacity of 9,600 metric tons of roasted coffee, 3,600 metric tons of agglomerated coffee, and 3,200 metric tons of coffee mixes. The Company is executing on its business plan to turn the factory into a major producer and roaster of coffee beans both for its in-house brands and for third-party brands.
Yaron Arbell, CEO of B&D Foods, also added, "RedChip recently issued research on our Company with a twelve-month target price of $1.32. Investors have an opportunity to accumulate BDFC stock at sufficiently low levels at a point in time when we are beginning to build our business for substantial future growth."
About B&D Foods Corporation:
B&D Foods Corporation engages in the ownership and operations of coffee manufacturing facilities in Brazil. It produces various kinds of coffee, including roasted green coffee, instant coffee, and several mixtures of coffee and tea for its two in-house brands, as well as third-party brands. B&D acquires, organizes, develops and upgrades companies in the food industry, and more specifically, in the coffee industry.
"SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: Any statements that are not historical facts contained in this release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. It is possible that the assumptions made by management for purposes of such statements may not materialize. Actual results may differ materially from those projected or implied in any forward-looking statements. Such statements may involve risks and uncertainties, including but not limited to those relating to product demand, pricing, market acceptance, the effect of economic conditions, intellectual property rights, the outcome of competitive products, risks in product development, the results of financing efforts, the ability to complete transactions, and other factors discussed from time to time in B&D Foods Corporation Securities and Exchange Commission filings. B&D Foods Corporation undertakes no obligation to update or revise any forward-looking statement for events or circumstances after the date on which such statement is made.