CENTENNIAL, Colo. — Greenfield Farms Food, Inc. announced that it has signed a non-binding Letter of Intent to acquire 100% of the equity interest in Ohio-based Carmela's Pizzeria. Carmela's presently has three Dayton, Ohio area locations offering authentic New York style pizza.. In addition, Carmela's offers a full service menu for Dine In, Carry out and Delivery as well as pizza buffets in select stores. Visit the Carmela's website at: www.carmelasohio.com.
"We are excited to become part of a public company as it will open up the capital markets to us in an effort to accelerate our growth as we believe that the simplicity of the Carmela's business model is highly scalable," stated Carmela's President, Ron Heineman .
"We believe Carmela's is a great addition for Greenfield given America's love of pizza and the proven track record of this multi-billion dollar industry," stated Greenfield President , Henry Fong . "In our opinion Carmela's has built a solid business model offering quality food at affordable prices that can be scaled-up quickly with sufficient capital resources."
Completion of this transaction is subject to, among other things, further due diligence by the parties, negotiation and execution of definitive agreements, and any board of director and/or stockholder approvals as necessary.
About Greenfield Farms Food, Inc.
The Company is a publicly-traded nominally capitalized producer and marketer of "grassfed" beef supplying a North Carolina based grocer on a very limited basis. The Company is currently seeking other business opportunities to both expand its business and seek greater capitalization in an effort to maximize shareholder value.
Safe Harbor for Forward-looking Statements
This news release may contain forward-looking statements that are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, they are based on management's current beliefs and assumptions as to future events. However, since the company's operations and business prospects are always subject to risk and uncertainties, the forward-looking events and circumstances discussed in this news release might not occur, and actual results could differ materially from those described, anticipated or implied. For a more complete discussion of such risks and uncertainties, please refer to the company's filings with the Securities and Exchange Commission.
Source: Greenfield Farms Food, Inc.