NEW YORK, Aug. 20 NY-FRHV-stock-split
NEW YORK, Aug. 20 /PRNewswire-FirstCall/ -- Fresh Harvest Products, Inc.
(OTC Bulletin Board: FRHV) today announced that on August 18, 2008 its Board
of Directors approved a resolution to seek shareholder approval to amend its
certificate of incorporation to effect a forward stock split of its common
stock at the rate of 11 shares for every 10 shares outstanding. It further
announced that on the same date, the resolution was approved by consent in
lieu of a meeting of five principal shareholders holding a majority of its
shares of common stock outstanding on that date. The timing of the forward
split will be determined by the Board of Directors at a future date based upon
completion of certain required filings with the SEC and the State of New
Jersey.
Company President and CEO Michael J. Friedman commented that, "the stock
split is designed to attract additional individual stockholders, increase the
liquidity of the stock and diversify the stockholder base, all of which are in
line with our overall growth strategy and shareholder interest."
The forward split will require shareholders to tender their existing stock
certificates to receive new, post-split certificate evidencing the increased
number of common shares resulting from the eleven (11) from ten (10) forward
common stock split. The Company will send a transmittal letter to shareholders
of record with specific detailed instructions of how to proceed to complete
the transaction. Shareholders who have shares held by their brokerage firm in
DTC ("in street name") will receive their new shares through their facilities
and the broker will communicate directly with the shareholder.
About Fresh Harvest Products, Inc.
Fresh Harvest Products, Inc. sells, markets and distributes natural and
organic food products and beverages. Under the Wings of Nature(TM) brand name,
Fresh Harvest offers a line of organic snack products, which primarily include
health bars, coffee bars, tortilla chips and salsa. In addition, Fresh Harvest
provides a grocery product line, which includes several varieties of whole
bean and ground coffees, olive oil and beverages. The Company sells its
products through specialty and natural food distributors to stores, specialty
supermarkets and retailers. Additionally, Fresh Harvest represents a branded
line of patent pending bio-remediation products. Fresh Harvest Products, Inc.
is headquartered in New York City. Additional information is available at
http://www.freshharvestproducts.com.
Safe Harbor Statement
Statements contained herein that are not based upon current or historical
fact are forward-looking in nature. Such forward-looking statements reflect
the Company's expectations about its future operating results, performance and
opportunities that involve substantial risks and uncertainties. When used
herein, the words "anticipate(s)," "believe(s)," "estimate(s)," "plan(s),"
"intend(s)," "optimistic," "potential" and "expect(s)" and similar
expressions, as they relate to Fresh Harvest Products, Inc., or its
management, are intended to identify such forward-looking statements. These
forward-looking statements are based on information currently available to the
Company and are subject to a number of risks, uncertainties, and other factors
that could cause the Company's actual results, performance, prospects, and
opportunities to differ materially from those expressed in, or implied by,
these forward-looking statements. Factors that could cause or contribute to
such differences include, but are not limited to, such factors, including risk
factors, discussed in the Company's periodic reports and other filings made
with the U.S. Securities and Exchange Commission, including its Annual Report
for the period ending October 31, 2007 filed on Form 10KSB, as filed on
February 13, 2008. Except as required by the Federal Securities law, the
Company does not undertake any obligation to release publicly any revisions to
any forward-looking statements to reflect events or circumstances after the
date hereof or for any other reason.
SOURCE Fresh Harvest Products, Inc.
