George Foreman Enterprises Inc.(fka GFME)

[byrd36]

I think we'll see a PR similar to this one soon...

http://www.prnewswire.com/news-releases/george-foreman-enterprises-inc-is-current-in-its-financial-reporting-58538302.html


George Foreman Enterprises, Inc. Is Current in its Financial Reporting


WILKES-BARRE, Pa., Aug. 23 /PRNewswire-FirstCall/ -- George Foreman
Enterprises, Inc. (the "Company") (Pink Sheets: GFME), a company focused on
new business developments and licensing agreements related to the use of
two time heavyweight boxing champion George Foreman's intellectual
property, announced that as of Aug 20, 2007, it is current in all of its
financial reporting requirements.
Additionally, the Company has been informed by one of its Market Makers
that a Form 15c-211 has been filed with the NASD seeking to re-list the
Company on the NASDAQ Over-the-Counter Bulletin Board.
About George Foreman Enterprises, Inc.
In August 2005 George Foreman Enterprises, Inc., entered into a series
of definitive agreements with former world heavyweight boxing champion and
Olympic gold medalist, George Foreman, allowing the company future uses of
his name, likeness, and personal services through the assignment of his
intellectual property. The unique venture was established with the
intention to utilize Foreman's worldwide recognition and unparalleled
success as a product endorser in the creation of a highly marketable
lifestyle brand. For more information, please visit our website,
www.foremanenterprises.com
Forward Looking Statements:
The statements contained in this press release that are not historical
are forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended, including statements regarding the
expectations, beliefs, intentions or strategies regarding the future.
Without limiting the foregoing, the words "anticipates," "believes,"
"expects," "intends," "may" and "plans" and similar expressions are
intended to identify forward-looking statements. The Company intends that
all forward-looking statements be subject to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995. These forward-looking
statements reflect the Company's views as of the date they are made with
respect to future events, but are subject to many risks and uncertainties,
which could cause the actual results of the Company to differ materially
from any future results expressed or implied by such forward-looking
statements.
Investors and others are cautioned that a variety of factors, including
certain risks, may affect our business and cause actual results to differ
materially from those set forth in the forward-looking statements. These
risk factors include, without limitation; (i) that the Company's success
will depend primarily upon its ability to exploit and protect the
intellectual property rights that George Foreman and George Foreman
Productions, Inc. have assigned to the Company's majority-owned subsidiary
George Foreman Ventures LLC; (ii) that George Foreman has entered into
numerous licensing, endorsement and other agreements over the last decade,
and there can be no assurances that a third party will not assert a claim
to some or all of the intellectual property rights that the Company
believes have been assigned to George Foreman Ventures; (iii) the United
States Patent and Trademark Office may cite preexisting trademark
applications and registrations by third parties against, and prior
trademark owners may oppose, future trademark applications by the Company
or George Foreman Ventures incorporating the George Foreman name; (iv) and,
even if the Company or George Foreman Ventures were able to obtain
acceptance of its trademark applications by the U.S. PTO, a significant
number of similar marks registered by, and licensed to, third parties could
diminish the value and protectability of the intellectual property held by
the Company or George Foreman Ventures.
These statements speak only as of the date hereof. We are under no duty
to update, and do not undertake to update, any of the forward-looking
statements contained in this press release to conform them to actual
results or to changes in our expectations.



SOURCE George Foreman Enterprises, Inc.