All American Food Group Expands Production Facility to Meet Increasing Demands.SOUTH PLAINFIELD South Plainfield, borough (1990 pop. 20,489), Middlesex co., NE N.J.; inc. 1926. It is the seat of several research and consulting firms and has plants that make chemicals, plastics, spices and flavorings, cosmetics, rubber products, pigments, electrical machinery, , N.J.--(BUSINESS WIRE)--Aug. 25, 1998--All American American, river, 30 mi (48 km) long, rising in N central Calif. in the Sierra Nevada and flowing SW into the Sacramento River at Sacramento. The discovery of gold at Sutter's Mill (see Sutter, John Augustus) along the river in 1848 led to the California gold rush of Food Group (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: AAFG) announced today that it has expanded its production facility to meet the increasing demands for bagels and other bakery products as the company continues to grow. "Our rapid growth had us bursting at the seams," says Glenn Addis, operations director for All American. "Within the past year we have outgrown our bagel production facilities. We now have a brand new, strategically-located facility in Newark, New Jersey, which not only manufactures but also distributes our product efficiently to our stores throughout the eastern states Eastern States can refer to several locations:
The Goldberg's bagel recipe has been a carefully guarded family secret from Europe for over sixty years, and sharing this recipe with a separate production facility has been a difficult decision. "One of the principal reasons we are as successful as we are," says Andrew Thorburn, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of All American Food Group, "is because of the outstanding quality of our bagel. We believe, and our customers believe, we have `the world's best bagel.' To entrust our recipe beyond the confines con·fine v. con·fined, con·fin·ing, con·fines v.tr. 1. To keep within bounds; restrict: Please confine your remarks to the issues at hand. See Synonyms at limit. of our corporate offices has been a difficult but a necessary decision. However, to ensure the character and quality of our bagels, Larry Wiese, who originally worked with the Goldberg family, and has been with All American since we purchased Goldberg's, has become the general manager of our new production facility. "Not only has our new facility maintained our standard of quality, it has also added to our bottom line." The company estimates this change has had a $500,000 impact on the company's net results on an annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. basis. Since its initial public offering in December 1996, AAFG has grown from 11 to 38 stores. Current expansion plans call for a total of well over 100 stores to be in operation in eleven states by year-end 1999. This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . The Company's actual performance might differ materially from that projected in such forward-looking statements for numerous reasons, including those contained in the Company's Annual Report on Form 10-KSB and other periodic reports filed with the Securities and Exchange Commission.
CONTACT: All American Food Group, S. Plainfield, NJ
Andrew Thorburn, 800/776-5940
or
Lisker Gedney Stover, Inc., Yonkers, NY
Tom Lisker, 914/376-6767
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