GREENFIELD FARMS FOOD SIGNS DEFINITIVE AGREEMENT TO ACQUIRE

New Post Public Reply Private Reply Replies (0) Message Board
Badali

GREENFIELD FARMS FOOD SIGNS DEFINITIVE AGREEMENT TO ACQUIRE CARMELA'S PIZZERIA
CENTENNIAL, CO., Feb 12, 2013 (eTeligis.com via COMTEX) Greenfield Farms Food, Inc. ("Greenfield" or the "Company") (OTC/QB: GRAS ) announced today that it has signed a definitive agreement 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

Details of the transaction call for all of the equity interests in Carmela's to be acquired by a newly created wholly-owned operating subsidiary of Greenfield in exchange for shares of Greenfield common stock and warrants.

"We believe we have created an exciting concept with our pizza segment including a scalable platform for both company owned and franchise operations nationally; and are looking forward to being part of a public company and the capital it can provide to help us grow our business model," stated Carmela's President, Ron Heineman .

"Americans love of pizza and there is a proven track record within this multi-billion dollar industry for offerings outside of the typical giant pizza delivery chains," stated Greenfield President , Henry Fong . "As we have stated before, it is our opinion that Carmela's has built a solid business model offering quality food at affordable prices that can be scaled-up quickly with sufficient capital resources."

Closing of this transaction is subject to, among other things, final due diligence by the parties, completion of audited financial statements, preparation of schedules to the definitive agreement, and any final 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.

Contact Information:

Greenfield Farms Food, Inc.

Thomas B. Olson, Public Relations

(303) 796-8940

Carmela's Pizzeria

Ron Heineman, Chairman & CEO

(513) 602-3268

SOURCE Greenfield Farms Food, Inc.

http://www.otcmarkets.com/stock/GRAS/news

Greenfield Farms Food, Inc. (GRAS) Stock Research Links

GRAS Board Company Profile Buy Rating Time & Sales News Filings Financials
Scroll down for more posts ▼

Top 10 Most Recent News Articles

AI Startup Shuttlebase Navigates Name Clash with Change

Updated Category News Views 2

When Two AI Giants Collide Every so often, we get a clash of titans in the business world, and this time it's in the AI universe. New York's Moonshot AI, a champ in autonomous website optimization, hit a bump when its name collided with a Chinese counterpart, also called Moonshot AI. And just like that, the NY company had to chuck their name out the window and don a new...

Continue Reading
Muscle Car Fever Revs Up in New Global TV Series

Updated Category News Views 2

Chasing the Dream on Wheels Amid the buzz of New York, there's a roar building up that's hard to ignore. It's a sound that echoes through time, capturing the imagination of petrol heads everywhere—those legendary American muscle cars are back in the limelight. I mean, who hasn't dreamt of launching down a highway in a '69 Ford Mustang? 'The Hunt for Rolling Treasure' is...

Continue Reading
Give Lively & Change Simplify CA Nonprofit Compliance

Updated Category News Views 0

A Fresh Wind Blowing for California Nonprofits So, here's a twist in the nonprofit world that's stirring the pot just right. Give Lively and Change have partnered up to tackle the thorny issue of regulatory compliance in California. It's a big win for the nonprofits looking to keep fundraising through Give Lively without getting tangled in the bureaucratic web spun up by...

Continue Reading
Strategic Hire: Whisenhunt Joins FlexScreen & RiteScreen

Updated Category News Views 1

Shaking Up the Window Screens Biz If you've been grinding in the window and door game, you know it's not an industry with a lot of buzz, but here comes a shot of caffeine. FlexScreen and RiteScreen just snagged David Whisenhunt to rev up their sales machine. Who's David Whisenhunt? Well, he's no rookie. With over two decades deep in the fenestration field, Whisenhunt...

Continue Reading
Webinar Highlights Workforce Skills and AI Tools

Updated Category News Views 3

The Shift Towards Skills-Based Talent Development The labor market's in a whirl, folks. Employers are scrambling to adapt to rapid changes, chasing after 'skills intelligence' like it's going out of style. On September 24, University of Phoenix, with its band of partners including Jobs for the Future and Skillmore™, will dig into this very topic. This upcoming webinar...

Continue Reading
ABC Honors 2026 Spirit of the Heart Leaders

Updated Category News Views 2

Celebrating Champions of Cardiovascular Health In a world where accolades often feel as cold as the stock market after a crash, it’s heartening to see genuine recognition for those who are making actual, lasting impact. On October 3, 2026, the Association of Black Cardiologists (ABC) will hold its annual Spirit of the Heart Awards at none other than Cipriani Wall...

Continue Reading
Alif Semiconductor Unveils StartKit for Edge AI MCU Fam

Updated Category News Views 3

Here's some clarity amidst the storm of buzzwords: Alif Semiconductor has rolled out something the market's been howling for—Edge AI that doesn't break the bank. It's less about slick press releases and more about real-world implications. We're talking accessibility with their dirt-cheap, small-form-factor StartKit platform for Ensemble and Balletto microcontrollers....

Continue Reading
Wave Kids™ Unveils New Flavors for Kids' Drinks

Updated Category News Views 0

Sparking a Fresh Wave in the Kids' Beverage Market Alright, let me tell you about a new player plowing into the kids' drink scene. Wave Kids™, a brand that's making waves—pun intended—has a fresh lineup that screams 'fun' and 'healthy' in equal measure. Just coinciding with back-to-school season, this Scottsdale, Arizona outfit has rolled out not one or two, but...

Continue Reading
ZEEKR's Shooting Brakes Dominate: Over 400K Sold

Updated Category News Views 1

ZEEKR's Stellar Performance in a Crowded Market Another month, another bumper crop for ZEEKR's shooting brakes. These beauties aren't just hanging in there; they're leading the pack. In August alone, global deliveries marched past the 10,000 mark for the third month running—a feat not easily achieved in today's saturated automotive landscape. It's no wonder the...

Continue Reading
Agroz's Big Leap: New Supply Deal in Malaysia

Updated Category News Views 0

Agroz Inc. Executes a Game-Changing Deal If anyone thought the ag tech players were sitting idle, think again. Agroz Inc., noted for their innovative controlled-environment agriculture, just inked a pivotal deal with Harvest Hive in Malaysia. It's not just a nod to expansion—it's a strategic leap into the big leagues. Picture this: Harvest Hive's sprawling 500-acre farm...

Continue Reading

Top 5 Most Recently Viewed Articles

Innovative Drain Cover Design Enhances Pool Maintenance Ease

Updated Category News Views 92

Introducing the WORM GUARD for In-Ground Pools Maintaining a clean and ready-to-use in-ground pool can be quite a challenge for many pool owners. Thankfully, a clever inventor has developed a solution: the WORM GUARD, an inventive drain cover. This product aims to take the hassle out of keeping the area around the drain free from stains and debris when the pool is closed...

Continue Reading
ZBAI Achieves New Heights with Remarkable Stock Surge

Updated Category News Views 124

ZBAI Stock's Impressive Journey to $2.21 In an astounding turn of events, ZBAI stock has climbed to a striking 52-week high, with shares peaking at $2.21. This achievement signifies an exciting phase for the company, demonstrating considerable market momentum and heightened investor confidence. With a staggering 34% increase in just a week, ZBAI has really made waves...

Continue Reading
Dow Chem. Transitions Leadership with New COO Appointment

Updated Category News Views 313

Dow Chemical Names Karen S. Carter as Chief Operating Officer In a notable leadership transition, Dow has appointed Karen S. Carter as the new Chief Operating Officer. With a tenure dating back to 1994, Carter comes armed with over 30 years of experience that brings immense value to her new role. As COO, she is set to oversee various business operating segments of Dow,...

Continue Reading
Innovative Eyewear Brand Tackles Girls' Vision Challenges

Updated Category News Views 222

Transforming Eyewear for Young Girls A former Microsoft executive has embarked on an inspiring journey to revolutionize children's eyewear by launching a company that addresses the unique vision needs of girls. This initiative started from a very personal experience when her daughter was diagnosed with significant eyesight issues at just four years old, revealing multiple...

Continue Reading
Sonatype Launches Guide: Revolutionizing Secure Software Dev

Updated Category News Views 208

Sonatype Launches Guide for Secure Development Sonatype, a frontrunner in AI-driven DevSecOps, has recently unveiled a powerful new tool known as Sonatype Guide. This innovative solution aims to transform the landscape of software development, particularly in the realm of AI-assisted development. Organizations around the world are rapidly embracing AI coding assistants,...

Continue Reading