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NEWS RELEASE PERFECT FRY CORPORATION PNM, Canadian Venture Exchange For immediate release
In 1999 Perfect Fry Corporation began to realize the results of the foundation-building efforts of the past couple of years. This year we are reporting the highest gross revenue in the company's history. We interpret these results as encouragement to continue in the current direction. Specifically, to persist in the development of distributor relations, product variation and enhancement, and an advanced corporate infrastructure. We are very excited and pleased to be able to report such positive results. We recognize that the direction we are taking to broaden and strengthen our distributor base is the foundation for future sales. This foundation of distribution includes the sales efforts of more than 50 distributors, with over 200 sales people, who are now selling the Perfect Fry line of deep-fryers. In addition, we receive support from brokers, food and equipment dealers, and manufacturer's representatives. Building this foundation requires a considerable effort on behalf of the Perfect Fry staff to visit, train and continually support each distributor and their staff. This effort continues to require an appreciable investment of time and funds. During 1999 we delivered three enhancements to our line of deep-fryers. The computer electronics have been redesigned for totally reliable, safe, and trouble free operation. We have launched a new 208 volt model which will support approximately 60% of the sales in the higher power installations. Finally, the most important introduction this year was a new filter design. This has been the result of our years of experience and continued efforts to create a truly odorless counter-top deep-fryer. The impact of this design, is not only significant, it is incredible. The Perfect Fry line of fryers are now literally a 100 times lower in odor and grease emissions than that of our competition and of our older design. Most exciting and promising during 1999, Perfect Fry was approached by a number of very large franchise organizations. Our fryers are currently being tested by some of these organizations, each representing thousands of locations. The impressive capabilities of our equipment, along with the significant marketing efforts of the Perfect Fry staff and the supporting distribution organizations, have all contributed to the popularity of Perfect Fry's new line of deep-fryers. Perfect Fry Corporation invites you to attend the Annual Meeting for fiscal year 1999: April 24, 2000 at 9:00 a.m. at 3700, 400 - 3rd Avenue SW, Calgary, Alberta, Canada.
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