CFGE.035x.045.Read bold things.When ever news come this thing will rock big time IMO.Now they give shares, because nothing going on. B: CF Green Announces Sales Results of Eco-Safe ( MARKET WIRE ) B: CF Green Announces Sales Results of Eco-Safe ( MARKET WIRE )
LOS ANGELES, CA, Sep 06, 2005 (MARKET WIRE via COMTEX) -- CF Green Corporation (OTC: CFGE) (www.naturalsteaks.com) announced today Eco-Safe's (www.ecosafeusa.com) preliminary sales results for August. Eco-Safe Systems is pleased to announce the company has booked approximately $250,000 in sales during August 2005. Eco-Safe has additional proposals outstanding approximating $3,000,000 in Southern and Northern California. Some of these proposals include the installation of test units. To date, every prospect that accepts a test unit has purchased an Eco-Safe food disinfection device, which uses no chemicals. CF Green has signed a letter of intent to merge with Eco-Safe Systems. Eco-Safe manufactures and markets proprietary ozone water disinfection and reclamation systems.
Technology
The Eco-Safe sterilization unit uses "state-of-the-art" ozone generation technology. The unit is connected to the existing water supply that is used for cleaning and rinsing product and equipment. When the water is sprayed, the unit begins generating ozone with its patent-pending proprietary process. The ozone-rich water is sprayed onto meat, fish, vegetables, fruit, etc., to kill bacteria. The result gives a longer shelf life for the perishables, resulting in a savings for the store or market. After bacteria are eliminated, the ozone dissipates, leaving the produce or meat free of any chemical residue. Ozone-rich water is approved for the use with food by the Food and Drug Administration (FDA.) Additionally the ozone-rich water can be used to sanitize the equipment, cutting tables and process equipment without the use of chemicals.
Market Sector
Eco-Safe is targeting the food industry including grocery stores, fish distributors, and packing plants. The Eco-Safe sterilization unit has shown from existing customers to payout in savings from spoilage of approximately two to four months. Since CF Green has developed a customer base in the meat distribution and food retail sectors, those contacts will be targeted for the Eco-Safe sterilization unit.
Anticipated Merger
Both Eco-Safe and CF Green Corp. are working towards completion of the merger by mid-September. Management believes it will close expeditiously. The current approximate share structure is as follows:
Unrestricted: 4 million Restricted: 4 million Insiders: 29 million ---------- Shares Outstanding: 37 million
After the merger the anticipated share structure is as follows:
Unrestricted: 4 million Restricted: 4 million Insiders: 32 million ---------- Projected Shares Outstanding: 41 million
Thus leaving a reasonable amount of shares outstanding and avoiding the need for any split in shares. The number of shares the Company is authorized to issue is 50,000,000.
CF Green Corp. anticipates scheduling a shareholders meeting in October to rename the Company after the merger is completed. An announcement will be made of the pending shareholders' meeting. Management encourages shareholders to attend and see first hand a demonstration of the Eco-Safe water sterilization unit and meet the new management.
The foregoing contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Such forward-looking statements involve certain risks and uncertainties. The actual results may differ materially from such forward-looking statements.
"Safe Harbor" statement under the Private Securities Litigation reform Act of 1995: The statements contained in this release, which are not historical facts, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Examples of such forward-looking statements include the expected revenues and sales of products and revenues related to this announcement. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. These risks and uncertainties include the risks associated with the Company's entry into a new commercial food markets that require the company to develop demand for its products, its ability to access the capital markets and other risks described in the Company's fillings. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or implied) will not be realized.
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