BUFFALO GROVE, Ill., May 18, 2005 (PRIMEZONE) -- GFY Foods, Inc. (OTCBB:GFYD) announces that subsequent to its agreement with Terry Moye and acquisition of Terry Moye & Associates (TM&A), it is progressing with plans to develop a Small-Business Start-Up and Management Consulting subsidiary.
Ed Schwalb, president of GFY Foods, Inc., and Terry Moye, have consulted and believe that there is a specialized niche to be filled that will help an entrepreneur to take a step-by-step, and time-tested approach to developing a small business. This concept developed by Mr. Schwalb and Mr. Moye could help a start-up get past a lot of confusion and guess work that may be associated with starting a business. It is proposed that this new company will be able to provide a full-service package of assistance to a small start-up business, and will specialize in the food and liquor service industry. Its goal will be to provide the entrepreneur with Accounting and Management support throughout the life of the business.
It is planned that there will be a two-fold approach to the client's start-up business -- an Accounting side and a Management side. The Accounting side will strive to offer services such as assistance in finding and applying for Business Loans; place the business in the proper type of corporation or LLC; perform a Due Diligence check-list; help to develop a Business Budget and a continual Cash-Flow Analysis; help to develop and then provide a payroll check system; help to open and balance a business account; credit consultation and debt solutions, where possible; assist in setting-up and running a computer system including software; records keeping and electronic records storage.
The Management Consultation side of the business plans to be able to provide such things as counsel on reasons for choosing a particular business and discuss advantages and pitfalls to each situation; work with an existing Business Plan, or help in the development of a Business Plan; assist in marketing; consult on effective management, sales techniques, employee training, hiring, and ongoing business strategy changes; consult on P&L, theft deterrents, and minimizing waste.
While it is hoped that both Terry Moye & Associates Accounting Firm and the GFY Foods, Inc. management will be able to provide most of theses services in-house, some services may need to be referred to outside sources. However, it is felt that even by contracting out some jobs, the client will still be able to use this new subsidiary of TM&A as a central resource.
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.