Legends Foods Now Current on the OTC Markets
Sep 21, 2011
OTC Disclosure News Service
Legends Foods Corporation Current on All Filings for OTC Markets
DALLAS, TX, Sep 21, 2011 (MARKETWIRE via COMTEX) — Legends Foods Corporation (PINKSHEETS: LJWY) announced today the Company is current on all of its filings on the OTC Markets and now in full compliance with OTC Markets Alternative Reporting Standards. Restrictions have now been eliminated from the stock symbol LJWY.
Legends will expediently move to complete the audit of the June 30, 2011 financial statements as soon as possible. The Company will then be in compliance as an SEC fully reporting company and qualify for the OTC Markets Tier 2 OTCQB classification.
Laurence Briggs, President and CEO of Legends Foods, stated, “The cleanup of the public company is complete and we can now focus on building the future.”
Mr. Briggs joined Legends Food Corporation in early July to develop and implement a strategy of building a specialty food group of upscale Texas and Gourmet Mexican Foods company.
Complementing Mr. Briggs and Jerry Grisaffi in the executive management team are:
— Michael Welch, CFO/Controller (formerly CFO of Stephan Pyles
— Sher Briggs, Chief Marketing Officer (formerly with Sherbee Media)
responsible for strategic market positioning, planning and execution,
Brand expansion, eCommerce and social media.
Joining the Board of Directors is:
— Mitch Pisik, a CEO of Private Equity deals and former brand strategy
manager at Gerber Foods
Russell Cleveland (Chairman of Renaissance Capital) has accepted an appointment as Special Advisor to the Board in conjunction with an investment by his family trust.
Since early July 2011, the Company has completed:
— Name change, symbol change, built out an excellent Executive
Management Team created the Republic of Texas Food Company(TM) brand
( for its wholly owned subsidiary)
— Signed eight private label deals for Republic of Texas Food company
— Signed an LOI to acquire Mary of Puddin Hill, an iconic Texas Cake,
candy and chocolate manufacturer (Closing expected September 30th)
with a significant seasonal direct mail catalog business
The Company is also announcing a change in its year end to June 30th to better reflect the activities of the Company’s business units which are currently seasonal. Contra cyclical product lines are being sought.
For more information on Legends Foods Corporation, please visit: www.legendsfoods.com.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Act”). Additionally, words such as “seek,” intend,” “believe,” “plan,” “estimate,” “expect,” “anticipate” and other similar expressions are forward-looking statements within the meaning of the Act. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include the future U.S. and global economies and the impact of competition. Legends Foods Corporation does not undertake any duty nor does it intend to update the results of these forward-looking statements.
For further information please contact:
Investor Relations Contact:
The Eversull Group, Inc.
972 571 1624
214 469 2361 fax
SOURCE: Legends Foods Corporation
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.