Diamond Ranch Foods' Second Quarter Revenues Increase 34%.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Diamond Ranch Foods, Ltd. (Pink Sheets: DFDR), a meat processing and distribution company located in the historic Gansevoort "meatpacking meatpacking or meat-processing, wholesale business of buying and slaughtering animals and then processing and distributing their carcasses to retailers. The livestock industry is among the largest in the world. district" in lower Manhattan, NY, announced today that the Company's unaudited sales for the second quarter ended September 30, 2004 increased 34% to a record $2,472,000 as compared to the prior year's second quarter revenue ended September 30, 2003. "Our quarter-by-quarter sales have been increasing as we continue to gain more exposure and expand our product line to our existing customers. There is a growing need by quality-conscious hotel, restaurant, and institutions for custom-cut products such as ours and we could not be more delighted," stated Philip Serlin, COO of Diamond Ranch Foods, Ltd. "We anticipate filing our quarterly report by November 15, 2004 when the Company's level of profitability can better be determined," added Mr. Serlin. About Diamond Ranch Foods, Ltd. Diamond Ranch Foods, Ltd. processes and distributes meats and fresh cut portion controlled poultry, and is located in the historic Gansevoort meatpacking district in lower Manhattan, NY. Operations include packing, processing, labeling and distribution of products. The company's diversified customer base includes in-home food service businesses, retailers, hotels, restaurants, and institutions, deli and catering operators and industry suppliers. Specific customers include Madison Square Garden Current arenas in the National Hockey League Western Conference Eastern Conference , TGI TGI Tribunal de Grande Instance TGI Target Group Index TGI Thank God It's Friday (US restaurant chain) TGI Tracheal Gas Insufflation TGI Tumor Growth Inhibition TGI Trato Gastrointestinal (Portugese) Friday's (owned by Carlson Restaurants Worldwide, Inc. with more than $2 Billion in system-wide sales), Sloan Kettering Hospital, and the Hilton Group (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :HLTGY). The company also provides portion controlled meats, custom meat cutting, and private labeling. Please visit the Company's website at: www.diamondranchfoods.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Forward-Looking Statements Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the companies' actual results in future periods to differ materially from forecasted results. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, the ability to successfully complete additional financings and other risks. |
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