International Food Product Group, Inc. Changes Corporate Name and Forms Three New Subsidiaries.
Newport Digital Technologies, Inc., through its collaboration with the Institute for Information Industry (III -- http://www.iii.org.tw/english), one of the world's leading information technology centers, will manage III's business interests in wireless digital technologies, as well as software products in North, South and Central America, Japan, and South Pacific countries (http://www.newportdt.com/), and will be releasing a number of significant announcements in the coming weeks.
Restaurant Holdings Group, Inc., through its affiliation with Inka Grill(TM) Franchises Inc. is now in the initial stages of launching the first major Peruvian restaurant concept in the USA. Francorp Inc. (http://www.francorp.com/), one of the world's leading franchise consulting firms, is spearheading all logistical, structural and legal components of the entity.
Mr. Damion commented, "The company has made significant strides in creating this structure, it allows us to streamline operations and better leverage these major opportunities. IFPG has developed robust relationships with major retailers and club stores nationwide, these existing relationships will prove invaluable as we introduce new technologies and products to the marketplace. I believe that this new structure will dramatically increase shareholder value."
About Newport Digital Technologies: NDT is a wholly owned subsidiary of IFPG. NDT will focus on the distribution of III's low-cost notebook in the America's and South Pacific which is expected to generate up to US$75 Million in revenues in 2008/09, as well as III's WiMAX base stations in the South Pacific with over 200 deployments planned during the same period. III will continue to provide NDT with technical support, along with marketing and sales resources for this expansion.
About International Food Products Group, Inc.: IFPG is a public company trading on the OTCBB with the ticker symbol "IFDG". The Corporate Offices are at 620 Newport Center Drive, Newport Beach, CA, 92660. http://www.goldenchoice.com/. The company is in the process of changing its corporate name. It's corporate identity, logos, and website will be updated shortly.
III is one of the world's leading information technology institutes and was established in 1979 -- jointly sponsored by the Taiwan government and prominent enterprises for the purpose of strengthening the development of the information industry in Taiwan.
Since its inception, III has been a source of vision, innovation, technological excellence and a major contributor to Taiwan's development into a significant player in the global ICT arena. III has helped promote full utilization of ICT technologies thereby advancing the establishment of a modern information society in Taiwan. III plays a pivotal role in Taiwan's Information and Communication Technology (ICT) Industry and is the largest system integration organization in Taiwan.
Safe Harbor Disclaimer: Certain statements contained herein constitute forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. Such statements include, without limitation, statements regarding business and financing plans, business trends and future operating revenues and expenses. Although the Company believes that the expectations reflected in such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by the words: believe, expect, anticipate, intend, estimate and similar expressions, or which by their nature refer to future events. You should independently investigate and fully understand all risks before investing. These descriptions of the Company contain forward-looking statements that involve risk and uncertainties including, but not limited to, quarterly fluctuations and results, the management of growth, competition and other risks detailed in the company's SEC filings if any. Actual results may differ materially from such information set forth herein.
Contact: Lydia Kluft Phone 1 818 383 4552
CONTACT: Lydia Kluft of International Food Products Group, Inc., +1-818-383-4552
Web site: http://www.newportdt.com/ http://www.goldenchoice.com/ http://www.francorp.com/ http://www.iii.org.tw/english
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|Date:||May 14, 2008|
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