Alanco Environmental Resources announces that Fry Guy has reached an agreement with Ore-Ida Foods.SALT LAKE CITY--(BUSINESS WIRE)--May 15, 1995--Alanco Environmental Resources Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ALAN) announced Monday that its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. Fry Guy Inc., has reached an agreement with Ore-Ida Foods of Boise, Idaho “Boise” redirects here. For other uses, see Boise (disambiguation). Boise is the capital and most populous city of the U.S. state of Idaho. It is the county seat of Ada County and the principal city of the Boise metropolitan area. , that provides for the distribution of specially prepared pre-packaged finger foods bearing the joint label "Ore-Ida/Fry Guy" for use in the 686 Perfect Fry deep frying deep frying: see cooking. units currently being marketed nationally by Fry Guy Inc. This agreement is a major ingredient for establishing the Fry Guy name as being a company that provides a product which allows the consumer to purchase consistently prepared top quality finger food at locations throughout the country. Under the agreement with Ore-Ida Foods the Ore-Ida broker network will be encouraged, on a best efforts basis, to market the Fry Guy Sales/Rental Program to its customer base. Ore-Ida will provide vouchers for the marketing effort that represent $500 of redeemable coupons for finger foods and potato products. Additionally Ore-Ida will provide $1,500 of discount coupons to be redeemed by Fry Guy operators who are purchasing Ore-Ida/Fry Guy finger foods and potato products. Ore-Ida's marketing department is providing a full compliment of "Point of sale" materials and will provide brochures describing the Ore-Ida/Fry Guy opportunity to the Ore-Ida food service broker network as well as Fry Guy's independent distributors. The Ore-Ida/Fry Guy program will be made available to over 3,000 food service brokers and independent contractors A person who contracts to do work for another person according to his or her own processes and methods; the contractor is not subject to another's control except for what is specified in a mutually binding agreement for a specific job. during the next three months in order to provide an immediate market impact. Ore-Ida will introduce the Ore-Ida/Fry Guy marketing program to its food service sales management Sales Management Role and Goal Importance of sales management is critical for any commercial organization. Expanding business in not possible without increasing sales volumes, and effective sales management goal is to organize sales team work in such a manner that ensures a team for National roll out at the National Restaurant Association food show in Chicago, Ill. (May 19-24, 1995). The Fry Guy product will be demonstrated at the Ore-Ida booth. Fry Guy derives profits from sales, and rentals of Perfect Fry 686 frying units together with the sale of the unique patented filtering system that allows the unit to cook in any environment. Although the unit is capable of cooking a wide variety of foods, a special oil and the filtering process prevents any transfer of taste or odor odor (o´der) a volatile emanation perceived by the sense of smell. o·dor n. 1. The property or quality of a thing that affects, stimulates, or is perceived by the sense of smell. from one food variety to another. Now, with the newly reached agreement with Ore-Ida, Fry Guy will receive additional revenue and profits from the sale of a wide variety of foods designed especially for the Fry Guy equipment. A recent study showed hamburgers/cheeseburgers, french fries French fry n. A thin strip of potato fried in deep fat. Often used in the plural. and pizzas are among the fast food items ordered most frequently by the American public. French fries led the pack with 21.2 percent of eater occasions. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Alanco's chairman, Dean Hough n. 1. Same as Hock, a joint. v. t. 1. Same as Hock, to hamstring. [ imp. & p. p. os> r>; p. pr. & vb. n. os> n. 1. An adz; a hoe. v. t. 1. To cut with a hoe. , who is also the president and chief executive officer of Fry Guy Inc., "The impact of this agreement is substantial to the food industry. It targets a completely untapped segment of the market place the would have been otherwise unable to offer the quality of fast-food items offered by Ore-Ida to the consumer. The unique foot-print of the Perfect Fry 686, coupled with its self-venting feature, allows immediate entry into the multi-billion dollar fast food industry." Presently Fry Guy is delivering 50 Perfect Fry 686 deep frying units monthly to Wal-Mart for use in their snack bars. This marketing effort will continue until all Wal-Mart snack bars are using the Fry Guy units and the Ore-Ida Fry Guy foods. CONTACT: Alanco Environmental Resources Corp. Butch Ellenbacher, 602/874-0448 |
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