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HRNF > big news >LAKE MARY, FL -- (MARKET WIRE) -- 04/16/09 -- Heathrow Natural Food & Beverage, Inc. (PINKSHEETS: HRNF) is pleased to announce that it will begin the previously announced common stock re-purchase program effective Monday, April 20, 2009. HNFB plans to purchase up to 350 million shares over the next several months, reducing the outstanding float to approximately 75 million. Shares will be purchased on the open market consistent with the SEC guidelines set for stock re-purchase plans. HNFB may seek the assistance of a third party to affect the plan.
"We are pleased to contribute up to thirty percent of future revenues to re-purchase our common stock which we feel is very undervalued. With no debt and very obtainable revenue milestones, HNFB is very well positioned in the $100 Billion Dollar Wellness Industry," said Michael Pagnano, CEO Heathrow Natural Food & Beverage, Inc