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GFYF news. Smoothie anyone?

News for 'GFYF' - (GFY Foods, Inc. Finalizes Acquisition of the Frullati
Cafe and Bakery Location in Elkhart, IN)


BUFFALO GROVE, Ill., Apr 2, 2004 /PRNewswire-FirstCall via COMTEX/ -- GFY
Foods, Inc. (OTC Bulletin Board: GFYF) announced today that it has
finalized the
previously announced acquisition of the Kahala franchisee located in
Elkhart,
IN. This, franchise location, the Elkhart Indiana Frullati Cafe and Bakery
is
owned by Dynasty CB Holdings, Inc. and will become a wholly owned
subsidiary of
GFY Foods, Inc. and will maintain its primary location in Elkhart, IN.

"It took us a little longer than we anticipated to complete the required
paperwork, contracts, licenses and related materials. But, now, we are
pleased
that we have our first acquisition and are on our way building a
powerhouse
national network of Frullati Cafe's, said Ed Schwalb, President of GFY
Foods,
Inc. "We enjoyed a terrific business relationship with Dynasty CB
Holdings,
Inc., which holds other properties that the company is considering."

"Also, we are starting to recruit and train our executive management team
and
put the operational and financial systems in place. The company believes
that
this is very important, as it will allow us to grow faster and minimize
possible
missteps that can occur with rapid growth for a small company."

The company is currently operational in the Buffalo Grove, Illinois area,
but
plans to become national by rolling out additional locations in key market
segments and working closely with the Kahala Corporation to locate new
locations
for its restaurants. By the end of calendar 2004, GFY Foods intends to
open 8-10
new locations, in metropolitan areas where there is minimal competition
and
significant upside to build a brand and establish the company nationally.

About GFY Foods, Inc.

Founded in the spring of 2003 by Ed Schwalb, GFY Foods is operating its
first
restaurant location in Buffalo Grove, Illinois. The company believes in
the
importance of providing high quality foods at affordable prices that are
healthy
alternatives to food that is now being sold to the American public. For
more
information please contact Ed Schwalb, President, 847.353.7554, 601
Deerfield
Parkway, Buffalo Grove, IL 60089.

This release contains forward-looking statements within the meaning of the
Securities Litigation Reform Act. The statements reflect the company's
current
views with respect to future events that involve risks and uncertainties
including uncertainties related to successful negotiations with other
parties,
closing of transactions, capital availability, operational and other
risks,
uncertainties and factors described from time to time in the company's
publicly
available SEC reports. In light of these risks and uncertainties, the
forward-looking events described in this release might not occur.

SOURCE GFY Foods, Inc.



CONTACT: Ed Schwalb, President of GFY Foods, Inc.,
[phone]

(GFYF)



http://www.prnewswire.com


Copyright (C) 2004 PR Newswire. All rights reserved.

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KEYWORD: Illinois

Indiana

INDUSTRY KEYWORD: FOD

RST

OTC

SUBJECT CODE: TNM



Source: Comtext Market News

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