Heathrow Natural Food & Beverage, Inc. To Cancel One Billion Shares of Common Stock as of January 12, 2011
LAKE MARY, Fla., Jan 10, 2011 (BUSINESS WIRE) -- Heathrow Natural Food & Beverage, Inc. (OTCPK: HRNF) is pleased to announce it will be returning to its transfer agent one billion shares of common stock to be cancelled on 1/12/11. Also, the company is pleased to announce that an additional 260 Million shares of common stock were cancelled effective 12/22/10. This will reduce the total outstanding shares to 6.4 billion. Over the next several months, the company will continue to purchase and cancel common shares as quickly as revenue allows. As stated last week, the company's board of directors has approved up to $800,000 toward this share re-structuring objective.
"We will continue to report to our shareholders on a regular basis the status of the share re-structuring and the cancellation of shares," said Michael Pagnano, CEO Heathrow Natural Food & Beverage, Inc. "As stated last week, all future financing will come via private equity and/or purchase order financing. Any shares issued for such financing will be rule 144 restricted and carry a two year quite period in which such shares cannot be sold on the public market.
About Heathrow Natural Food & Beverage, Inc.: www.heathrownfb.com
Heathrow Natural Food & Beverage, Inc. (HNFB) is the producer of the Heathrow Natural Super Food Brand of Functional Chewing Gums which includes several Super Foods such as Acai & Resveratrol. HNFB is part of the $100 Billion Wellness Industry, which is growing at 10% per year.
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.
