Country Maid Foods announces signing letter of intent to acquire London, England trading company.AURORA, Mo.--(BUSINESS WIRE)--June 26, 1996--Country Maid Foods Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :CMFI CMFI Central Multiport Fuel Injection ) announced today that it has signed a letter of intent to acquire 100% of the outstanding shares of Harrington-Chase P.L.C. of London, England, for an undisclosed amount of cash and stock. Harrington-Chase P.L.C., formerly Massgold, which was established as a public company earlier this year, has established trade link connections with Europe, Russia, the Balkan States and Belize in Central America Central America, narrow, southernmost region (c.202,200 sq mi/523,698 sq km) of North America, linked to South America at Colombia. It separates the Caribbean from the Pacific. . Harrington-Chase is primarily engaged in the import and export of agricultural related products, giving Country Maid Foods Inc. a strong presence in the European Union European Union (EU), name given since the ratification (Nov., 1993) of the Treaty of European Union, or Maastricht Treaty, to the European Community , opening doors for a much increased world-wide marketing drive of its products. Country Maid Foods Inc. will welcome Nick Barter barter: see exchange. barter Direct exchange of goods or services without the use of money or any other intervening medium of exchange. Barter is conducted either according to established rates of exchange or by bargaining. , managing director of Harrington-Chase P.L.C. as a member of the board of directors upon the completion of the acquisition which is expected in the next 30 days. "This acquisition will allow the company to enter additional agricultural markets internationally which will result in further sales and earnings improvement," said Country Maid Foods Inc. President John C. Moneymaker. The company is continuing final negotiations for the acquisition of Villines Foods Inc. of Green Forest, Ark., and expects to have the conclusion of this transaction in the near future. Country Maid Foods Inc. has one subsidiary, Country Maid Farms Inc., which is a commercial egg production company with operating facilities in Missouri, Nebraska and South Dakota South Dakota (dəkō`tə), state in the N central United States. It is bordered by North Dakota (N), Minnesota and Iowa (E), Nebraska (S), and Wyoming and Montana (W). . CONTACT: Country Maid Foods Inc., Aurora John Moneymaker, 417/678-3511 |
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