Heathrow Nat. Food and Bev Inc. (fka HRNF)

[Vianna]

NO REVERSE SPLIT - BOD Approves Stock Reorganization Plan for 2011

(I think some need to read this, as apparently they missed it...)

Heathrow Natural Food & Beverage, Inc. (OTCPK: HRNF) is pleased to announce that its board of directors has approved a stock re-organization plan for 2011, which includes no plan for a reverse split. Based on the stock re-purchase plan and projected 2011 revenues announced in last month’s press releases, it will not be necessary to affect a reverse split for 2011 and beyond. The board has approved the re-purchase of 90% of the company's float over the first six months of 2011, which will be retired and placed back in the company’s treasury pool. This will reduce the company's float to approximately 5 Million shares. In addition, the board has approved the reduction of the company’s authorized common shares from 15 Billion to 500 Million. Upon the reduction of shares, rule 144 restricted shares will be issued to senior management and certain insiders.

“We are very pleased to be in a position to execute the stock re-organization and significantly increase the value of our PPS and market cap moving forward into 2011,” said Michael Pagnano, CEO Heathrow Natural Food & Beverage, Inc. “All financing going forward, will be based on purchase orders and will have no impact on the share value or require any further dilution.” We wish all of our customers and shareholders a Happy & Healthy New Year.

http://ih.advfn.com/p.php?pid=nmona&article=45885633