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VITAFORT ANNOUNCES CONTINUING NEGOTIATIONS WITH MAINE PRIDE SALMON AND CONTINUED CONDITIONAL NASDAQ LISTING

VITAFORT ANNOUNCES CONTINUING NEGOTIATIONS WITH MAINE PRIDE SALMON
 AND CONTINUED CONDITIONAL NASDAQ LISTING
 MILL VALLEY, Calif., June 16 /PRNewswire/ -- Vitafort International Corporation, (NASDAQ: VFRTC) announced today that the transaction contemplated by its letter of intent with Maine Pride Salmon, Inc. (MPSI) continues to be the subject of active negotiation, but that due to the complexity of the transaction and several regulatory issues the closing will not occur for several weeks.
 The staff of the National Association of Securities Dealers, Inc. advised Vitafort that its securities will continue to be included for quotation in the National Association of Securities Dealer's Automated Quotations System (NASDAQ) via an exception from the capital and surplus and the asset requirements.
 While VITAFORT failed to meet this requirement as of Dec. 31, 1991, the NASD has granted a temporary exception from this standard subject to VITAFORT meeting certain conditions. While the company believes that it can meet these conditions, there can be no assurance that it will do so. If at some future date the company's securities should cease to be quoted on the NASDAQ System, they should continue to be quoted in the over-the-counter market. For the duration of the exception, the company's NASDAQ Symbols will be VFRTC for its common stock, VFRWC for its warrants and VFRUC for its units.
 -0- 6/16/92
 /CONTACT: Frank Corsini of Vitafort International, 415-388-3738/
 (VFRTC) CO: Vitafort International Corp.; Maine Pride Salmon Inc. ST: California IN: SU: TNM


TS-OS -- NY011 -- 0522 06/16/92 09:26 EDT
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Publication:PR Newswire
Date:Jun 16, 1992
Words:250
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