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NEWS RELEASE PERFECT FRY CORPORATION PNM, Alberta Stock Exchange For immediate release
Perfect Fry continues to implement a well-planned growth strategy, which is producing positive results. The financial statements for the nine-month period ended July 31, 1999 indicate that this has been our highest Revenue generating nine months of any year to date.
Since implementation of the new model, some minor technological changes have been integrated enhancing both the performance of the fryer and the reliability. Perfect Fry's reputation for reliability is strong in the marketplace, with dependable product and service. Investing in an aggressive marketing program has resulted in multiple benefits. Awareness of the company and the product within the food industry is growing at an exponential rate. The Perfect Fry distributor and dealer base has strengthened both in quantity and quality. It was reported in the April 1999 financial statements that PFC was in discussions with numerous large North American companies who had expressed a strong interest in the fryer. Some of these discussions have now proceeded to the testing phase. President & CEO Gary Calderwood said, "We are pleased with the financials for the nine months ended July 31, 1999. In reference to the testing that is currently underway, it is the first time for Perfect Fry in dealing with a company of such prominence. And although we are in the preliminary stages of the test, we are very excited about the prospects. Cindy Horne, Investor Relations:
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