SOURCE: Worldwide Food Services, Inc.

Worldwide Food Services, Inc.

January 08, 2010 09:45 ET

Worldwide Food Services (WFSV) Emphasizes Government Food Procurement Programs

BORDENTOWN, NJ--(Marketwire - January 8, 2010) - WORLDWIDE FOOD SERVICES, INC. (Worldwide Food Services) (PINKSHEETS: WFSV) after an evaluation of government contracts and school support programs, the Company believes its product line and pricing provides a favorable opportunity to increase business in this market. In addition to Military Services, the federal and state prison population creates another broad purchasing demand system.

The prison population is growing faster than the overall population growth. The ability of the Company's commodity group to procure the volumes of necessary items to feed millions of inmates is unmatched. Worldwide Food Services plans to enter into Joint Ventures with former or current government contractors. The Company plans to secure at least three major partners in the first quarter of 2010.

Worldwide Food Services, Inc. is 100% Debt-free. The Company owes no suppliers or manufacturers; inventories that are held have all been paid for-in-full.

For further information about this release, contact Rich Kaiser, Investor Relations, YES INTERNATIONAL, #800-631-8127 and/or www.wwfoodservices.com.

Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain information in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition.

Contact Information

  • CONTACT:
    WORLDWIDE FOOD SERVICES, INC.
    Rich Kaiser
    Yes International
    800-631-8127