Natural Harmony Foods Executive Reinvests Deferred Compensation Back Into the Company
12 Febrero 2008 - 10:32AM
PR Newswire (US)
FT. LAUDERDALE, Fla., Feb. 12 /PRNewswire-FirstCall/ -- Natural
Harmony Foods, Inc. (Pink Sheets: NHYF), announced today that one
of its senior executives has decided NOT to take "cash" payments
for deferred compensation but rather contribute to the Company's
cash flow by accepting "restricted stock" instead. "As one of the
Company's founders, I strongly believe in the Company, its products
and its ability to expand into new markets," stated Mr. Sam Dewar,
President of Natural Harmony Foods, Inc. "To that end, I am
committed to doing whatever needs to be done to support the Company
during 'tight' cash flow situations. I've also encouraged my adult
children to accumulate shares." Mr. Dewar added, "We are
aggressively seeking new financing and feel confident that we will
be able to attract newer long-term investors to the Company very
soon. We continue to expand our product offerings and to identify
new distribution outlets. These are positive steps in the right
direction and no one can argue those facts. We just need investors
who understand that the Company needs to be adequately capitalized
in order to achieve significant revenue goals and that respectable
ROIs will take time to nurture." Under the terms of the
compensation arrangement, Mr. Dewar has agreed to accept 6.0
million shares of restricted common stock in the Company in
exchange for $30,000.00 of deferred compensation. At $.005 per
share, this is well above the 2/11/08 bid. This will bring Dewar's
ownership to 33,879,295 shares. About Natural Harmony Foods Natural
Harmony Foods, Inc. is an innovative food company dedicated to
producing healthy, flavorful, convenient foods that fit the
lifestyles of individuals looking to make better, health conscious
diet choices without sacrificing taste. For more information about
Natural Harmony Foods, SoLean(R) products, and helpful Internet
links, please visit http://www.naturalharmonyfoods.com/. NHYF
Shareholders are encouraged to register on the "Investor Relations"
page to receive ongoing Natural Harmony Foods news updates, and/or
search NHYF on http://www.pinksheets.com/ for current financial
information on the company. Forward-looking statements as defined
in the Private Securities Litigation Reform Act of 1995 may be
included in this release. These statements relate to future events
or our future financial performance. These statements are only
predictions and may differ materially from actual future results or
events. Natural Harmony Foods disclaims any intention or obligation
to revise any forward-looking statements whether as a result of new
information, future developments or otherwise. Important risk
factors -- including, but not limited to, risks associated with
changes in general economic and business conditions, actions of our
competitors, the extent to which we are able to develop new
products and markets for these and changes in our business
strategies -- could cause actual results to differ from those
contained in forward-looking statements. Press & Investors
Contact: Natural Harmony Foods, Inc. Sam Dewar 954-315-1760
DATASOURCE: Natural Harmony Foods, Inc. CONTACT: Sam Dewar of
Natural Harmony Foods, Inc., +1-954-315-1760 Web site:
http://www.naturalharmonyfoods.com/
Copyright