SOURCE: Greenfield Farms Food, Inc.

Greenfield Farms Food, Inc.

April 01, 2011 09:19 ET

Greenfield Farms Food, Inc. Announces Plan of Exchange of Common Stock Into Series A Preferred Shares, to Be Followed by 40:1 Split of the Remaining Common Stock

SILVER SPRINGS, NV--(Marketwire - April 1, 2011) -  Greenfield Farms Food, Inc. (OTCBB: SWTP), which completed a merger with Sweet Spot Games Inc. (OTCBB: SWTP) on March 1, 2011 and announced a corporate name change on March 22, 2011, today announced conversion of 22,033,787 shares Common Stock into 96,6623 shares of Series A Preferred stock by four SWTP shareholders. 

SWTP acquired all of the issued and outstanding shares of Greenfield. For that consideration, the majority shareholders of SWTP agreed to transfer certain of their issued and outstanding SWTP shares to Greenfield shareholders of record as of March 1, 2011.

In addition the Company is pleased to announce the following conversions:

Charles W. Barkley Esq. (Company Counsel) canceled 783,787 shares of common stock and converted those shares into 4,479 Series A preferred shares;

Ms. Ginna Romero (former Secretary) canceled 300,000 shares of common stock and converted those shares into 1,714 Series A preferred shares;

Mr. Gregory Galanis (formerly CEO of Sweet Spot Games) has canceled 950,000 shares of common stock and converted those shares into 5,430 Series A preferred shares.; and

Mr. Larry Moore (current President of Greenfield Farms Food, Inc.) has canceled 20,000,000 shares of common stock and converted those shares into 85,000 Series A preferred shares.

The company, therefore reduced the current 30,110,000 outstanding shares of common stock by 22,033,787 (approximately 73%), resulting in 8,076,213 outstanding shares of common stock prior to giving effect to the 40:1 forward split announced on March 22, 2011, which is expected to be completed within the next week. Upon the 40 to 1 forward split, the Company will have 323,048,520 outstanding shares of common stock.

The Series A shares have immediate voting rights and may be converted after a minimum one-year hold. There will be no conversion or Series A shares coming into the market from these sources until March 28, 2012 at the earliest.

About Greenfield Farms Food, Inc.
Greenfield Farms Food, Inc. (GFF) is a consumer and wholesale driven producer of grassfed beef focused on delivering its product to major retail grocery chains throughout the country. Founded in 2010 as a collective group of local family farms in North Carolina, GFF has since expanded its reach to a total of 59 retail locations, consisting of 55 Lowes Food Stores throughout North and South Carolina, three Healthy Home Markets retail locations in Charlotte, NC and one custom butcher, The Peach Stand, located in Ft. Mill, SC. The Company and its collective group of producers represent over 2,500 acres in pasture under management and approximately 2,000 heads of cattle. On March 1, 2011, GFF announced that it completed a merger agreement with Sweet Spot Games. The new entity is Greenfield Farms Food Inc., but will continue to trade on the OTCBB under the symbol "SWTP" for one year.

Forward-Looking Statements
Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such proclamations about the Company's future expectations, including future revenues and earnings, technology effectiveness and all other forward-looking statements be subject to the safe harbors created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.

Contact Information

  • Contact For Investor Relations:
    Stanley Wunderlich
    Consulting for Strategic Growth 1, Ltd
    1-800-625-2236 - Ext. 7770
    Email Contact
    www.cfsg1.com