SOURCE: International Food Products Group

May 03, 2006 07:00 ET

International Food Products Group/Colombian Coffee Federation Sign New Licensing Agreement

NEWPORT BEACH, CA -- (MARKET WIRE) -- May 3, 2006 --International Food Products Group (OTC BB: IFDG) CEO/Chairman Mr. Richard Damion today announced a new licensing agreement authorizing the use by the Colombian Coffee Federation Inc. (a wholly owned subsidiary of the National Federation of Coffee Growers of Colombia), of the Juan Valdez® logo on its 2.5 lb Golden Choice Foods® 100% Colombian Supremo Whole Bean lines of coffee. The licensing agreement represents a major branding opportunity for IFPG whose coffee is sold in select club stores nationwide. Commenting, Mr. Damion said, "The Juan Valdez® logo is a powerful brand ally and marketing tool for our Golden Choice Foods® coffee. As an emerging brand, the authorization to utilize the powerful iconic Juan Valdez® logo significantly increases our ability to achieve greater market penetration in the premium coffee category. It's an acknowledgment that our Colombian coffee is among the best in the world."

Damion added, "In 2005, Advertising Weekly named Juan Valdez® Icon of the Year and a recent poll shows that 86% of coffee consumers in the US recognize the logo. IFPG will utilize this co-branding opportunity to aggressively expand its presence in the retail sector. Americans drink over 300 million cups of coffee everyday, of which 75% are home brewed."

About International Food Products Group, Inc: IFPG is a public company trading on the OTCBB with the ticker symbol "IFDG." The Corporate Offices are at 170 Newport Center Drive, Newport Beach, CA, 92660. IFPG is the manufacturer and marketer of a variety of food products including; Golden Choice 100% Columbian Roasted Coffees, Golden Choice Organic Harvest™ and Supreme Harvest™ lines of Frozen Fruits and Vegetables, and 100% Fresh Squeezed Pure Fruit Juices. Other products include; "Got Fries®," Just Popped™, and other fine domestic and imported food products.

Safe Harbor Disclaimer: Certain statements contained herein constitute forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. Such statements include, without limitation, statements regarding business and financing plans, business trends and future operating revenues and expenses. Although the Company believes that the expectations reflected in such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by the words: believe, expect, anticipate, intend, estimate and similar expressions, or which by their nature refer to future events. You should independently investigate and fully understand all risks before investing. These descriptions of the Company contain forward-looking statements that involve risk and uncertainties including, but not limited to, quarterly fluctuations and results, the management of growth, competition and other risks detailed in the company's SEC filings if any. Actual results may differ materially from such information set forth herein.

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