SOURCE: Worldwide Food Services, Inc.

Worldwide Food Services, Inc.

June 22, 2010 08:15 ET

Worldwide Food Services (WFSV) Explores School Feeding Opportunities

BORDENTOWN, NJ--(Marketwire - June 22, 2010) -  WORLDWIDE FOOD SERVICES, INC. (Worldwide Food Services) (PINKSHEETS: WFSV) announced today that the multi-billion dollar breakfast and school lunch programs are undergoing dramatic changes. The high labor costs and health and sanitation issues have induced school boards to consider pre-made meals, with many school districts already electing this option.

The Company is in the initial stages of contacting large school providers with a proven track record, and plans to acquire a national company by early summer. Rainbow Food Service, a joint venture partner of Worldwide, is presently providing pre-made meals to schools in the greater Little Falls, New Jersey area. The strategic plan is to integrate food purchasing, distribution, and marketing consolidated among the military, the blind, schools, and general government entities.

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

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 forward information contained 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