TASTY FRIES, INC. ANNOUNCES SETTLEMENT WITH CALIFORNIA FOOD AND VENDING.
BLUE BELL, Pa.--(BUSINESS WIRE)--February 6, 1995--Tasty Fries, Inc., (TFRY-BB) and California Food & Vending have successfully completed negotiations, resulting in a formal arrangement between the two companies which supercedes the arbitration award An arbitration award (or arbitral award) is a determination on the merits by an arbitration tribunal in an arbitration, and is analogous to a judgment in a court of law. of October 26, 1994 in favor of California Food and Vending.
Mr. Edward C. Kelly, President of Tasty tast·y
adj. tast·i·er, tast·i·est
1. Having a pleasing flavor; savory.
2. Having or showing good taste; tasteful.
tast Fries stated, "The new agreement protects the financial posture of Tasty Fries and assures Tasty Fries shareholders of an exceptional growth opportunity, assuming we attain our very ambitious corporate objectives. Now that these difficult negotiations are behind us, the Company will immediately pursue maximum efforts to distribute our unique french fry French fry
A thin strip of potato fried in deep fat. Often used in the plural. vending machines vending machine, coin-operated, automatic device for selling goods. Many vending machines are capable of making change, and some of the more sophisticated ones accept paper money or credit cards. worldwide."
"Even during the protracted pro·tract
tr.v. pro·tract·ed, pro·tract·ing, pro·tracts
1. To draw out or lengthen in time; prolong: disputants who needlessly protracted the negotiations.
2. negotiation with California Vending," Mr. Kelly noted, "we continued to improve the performance and reliability of our french fry vending machine. We are now prepared to proceed aggressively with our beta site An organization or group that is beta testing hardware and/or software. See beta test. tests."
Tasty Fries plans to release 10 pre-production machines for beta-site testing and evaluation in the second quarter of 1995. Full production is scheduled for the third quarter of 1995.
Tasty Fries' highly reliable automated French Fry Vending Machine will produce batch-to- batch, greaseless french fries with the taste and consistency of the best made-to-order french fries.
CONTACT: Tasty Fries, Inc.
Edward C. Kelly, 610/941-2109
Wolfe Axelrod Associates
Stephen D. Axelrod, 212/370-4500