|
NEWS RELEASE
PERFECT FRY CORPORATION
PNM, Alberta Stock Exchange
For immediate release
SECOND QUARTER SALES INCREASE - FIRST HALF RECORD SALES
Calgary, April 23, 1999 - Perfect Fry is projecting a 64% increase in sales over
the same period last year, and the highest sales for the first half of the fiscal
year that the company has ever experienced. In comparing this quarter to all prior
quarters, this quarter rivals the best quarter sales in the company's history.
President & CEO Gary Calderwood said, "As stated in our reports for
last year, the expenditures in marketing (including national advertising, sales
and trade show promotion, & distributor and dealer expansion) will generate
higher sales in the months ahead. Our multifaceted, diversified strategy to broaden
our distribution and sales base is now starting to really show results. Our average
sales per distributor is lower than 5% with our single largest distributor taking
15%."
Perfect Fry's Annual General Meeting will be held this coming Monday, April
26, 1999. We look forward to revealing these positive results to our shareholders
and discussing the future potential of this company.
The unaudited financial statements for the second quarter will be publicly
released by the end of May.
Cindy Horne, Investor Relations:
Tel (403)255-7712
Fax (403) 255-1725
EMail: perfect@canuck.com
|