HRNF on watch @ .0002
AKE 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.
