CFP Holdings Inc. Reports Termination of Letter of Intent for Add-On Acquisition.MONTEBELLO, Calif.--(BUSINESS WIRE)--July 8, 1998--CFP Holdings Inc., a leading developer, manufacturer and marketer of value-added meat and poultry poultry, domesticated fowl kept primarily for meat and eggs; including birds of the order Galliformes, e.g., the chicken, turkey, guinea fowl, pheasant, quail, and peacock; and natatorial (swimming) birds, e.g., the duck and goose. products, Wednesday announced the termination of the letter of intent to acquire a complementary Midwest-based meat processor. The transaction, which was valued at less than $15 million, had been subject to the completion of due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. and acceptable financing. "Although we would have liked to complete this transaction, this decision will not in any way affect our core business going forward," said Bill Del Chiaro, president and 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 CFP 1. CFP - Constraint Functional Programming. 2. CFP - Communicating Functional Processes. 3. CFP - Call For Papers (for a conference). Holdings. "We remain focused on growth and operating improvements, while continuing to explore appropriate strategic expansion opportunities for our company." "After a thorough cost/benefit analysis of the financing alternatives available to us, we made a strategic and financial decision not to move forward on this acquisition," added Eric W. Ek, chief financial officer. CFP Holdings is a leading developer, manufacturer and marketer of value-added meat and poultry products sold to the food service industry and manufacturers of packaged foods. This statement includes "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. " within the meaning of Section 27A of the Securities Act of 1933, as amended a·mend v. a·mend·ed, a·mend·ing, a·mends v.tr. 1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive. 2. , and Section 21E of the Securities Exchange Act of 1934, as amended. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important factors that could cause actual results to differ materially from the company's expectations ("Cautionary Statements") are disclosed in the company's Registration Statement filed with the Securities and Exchange Commission and in this statement. All subsequent written and oral forward-looking statements attributable to the company or persons acting on its behalf are expressly qualified in their entirety The whole, in contradistinction to a moiety or part only. When land is conveyed to Husband and Wife, they do not take by moieties, but both are seised of the entirety. by the Cautionary Statements.
CONTACT: CFP Holdings Inc., Montebello
Eric W. Ek, 800/423-3903
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