Perfect Fry Corporation

Perfect Fry Corporation

May 15, 2009 12:30 ET

Perfect Fry Corporation Announces Normal Course Issuer Bid

CALGARY, ALBERTA--(Marketwire - May 15, 2009) - PERFECT FRY CORPORATION (TSX VENTURE:PNM) announces today that it will purchase at market price up to 612,632 common shares, being approximately 10% of its public float, by way of a normal course issuer bid through the facilities of the TSX Venture Exchange. The bid is subject to regulatory approval. The bid will commence May 19, 2009 and will stay open for 12 months. The reason for the bid is that, in the opinion of the board of directors, the value of Perfect Fry Corporation, based on anticipated cash flows and underlying asset values, is greater than the present aggregate market price of the common shares and accordingly, the acquisition of common shares under the bid represents a worthwhile investment and appropriate use of funds.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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