NEW YORK, Aug. 28, 2006 (PRIMEZONE) -- B&D Foods Corporation (OTCBB:BDFC) announced today that on August 24, 2006, it mistakenly released information regarding a proposed agreement with one of the largest producers of freeze dried coffee in Brazil. The Company prematurely announced the agreement. An agreement has not been executed.
B&D Foods Corp. recently purchased a factory strategically located near the two largest ports in Brazil, an area that provides year-round supplies of green coffee beans. The factory has a production capacity of 9,600 tons of roasted coffee, 3,600 tons of agglomerated coffee, and 3,200 tons of coffee mixes. The Company is executing on its business plan to turn the factory into a major roasting producer of coffee beans both for its in-house brands and third-party brands.
About B&D Foods Corporation:
B&D Food 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 and coffee industries.
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"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