Heathrow Natural Food & Beverage, Inc. Announces Share Buy Back Program
HNFB to Allocate Thirty Percent of Revenues to Buy Back Outstanding Common Shares to Ten Percent of Authorized or Seventy Five Million
* Thursday April 9, 2009, 1:45 pm EDT
*
Buzz up!
* Print
LAKE MARY, FL--(MARKET WIRE)--Apr 9, 2009 -- Heathrow Natural Food & Beverage, Inc. (Other OTC:HRNF.PK - News) is pleased to announce that it will initiate a common share buy back program allocating thirty percent of its future revenues to buy down its public float to seventy five million shares or ten percent of its authorized common shares. The company believes that its current share price is extremely under-valued given the explosive growth of its Exfuze botanical nutritional beverage, which is the fastest growing nutritional beverage in the country -- (www.iexfuze.net/heathrow). In addition, the July 13, 2009 airing of the WGL Million Dollar Shootout (www.wglmilliondollarshootout.com) on the Golf Channel will provide seven weeks of national exposure for HNFB and produce revenues exceeding $300,000. Complete details of the buy back program will be released shortly.
"We are now confident that with our debt under control and the outlook for the remainder of 2009 looking very optimistic, we will be in a position to return value to our shareholders and increase our market capitalization substantially," said Michael Pagnano, CEO, Heathrow Natural Food & Beverage, Inc. "The 100 Billion Wellness Industry is growing at 10% per year and the nutritional beverage sector is the largest segment of the industry at 27% of sales. We are very excited to be part of this industry and especially excited to be part of the world-class Exfuze team."
About Heathrow Natural Food & Beverage, Inc.: www.iexfuze.net/heathrow
Heathrow Natural Food & Beverage, Inc. is a national distributor of natural food products such as Exfuze, a very popular botanical nutritional beverage and the Heathrow Natural line of Super Food Products. HNFB is based in Florida and generates revenue through online and call center sales as well as over 138 distributors nationwide. HNFB also owns WGL Entertainment, the producer of the WGL Million Dollar Shootout reality television series.
Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.
