SOURCE: Smoky Market Foods, Inc.

September 16, 2008 09:15 ET

Smoky Market Foods Announces Receipt of Capital Financing

Funds to Open Pilot Outlets for Restaurant-Store and Kiosk Rollouts

APTOS, CA--(Marketwire - September 16, 2008) - Smoky Market Foods, Inc. (OTCBB: SMKY) announces its receipt of an initial capital infusion ($500,000), with current financing transactions being formed of up to $5 million that are anticipated to be received during the next 45 to 60 days. The Company will use proceeds from the capital recently received to launch its pilot concepts of a restaurant-store in Los Gatos, CA and a 150s/f self-contained kiosk to be placed in California, both of which concepts are expected to be open before the end of the year.

Subject to the receipt of all financing proceeds as expected, CEO Edward Feintech said, "The Company intends to begin a regional rollout of the two innovative Smoky Market 'kitchenless foodservice' concepts in early 2009, which will also feature sales of our unique Franship™ (owner-operator) opportunity program. Aaron Allen, Founder & CEO of Quantified Marketing Group (QMG), the Company's strategic foodservice marketing and operations affiliate, is currently lining up food company clients for area development agreements and will spearhead the Franship promotional campaign." Mr. Feintech stated that QMG's promotional strategy includes the staging of regional, entrepreneurial opportunity food shows hosted by Smoky Market and the respective regional foodservice distributor affiliate, as well as placing Smoky Market exhibits in franchise and restaurant food shows across the country.

Mr. Feintech continued, "Navigating through the past year's financing dynamics as a newly-created, public company start-up and with the market conditions being so difficult has been a very challenging and expensive experience. Indeed, it has left our shareholders uncertain as to the Company's status and questioning when, or if at all, would we get financing into place to launch operations. I'm happy and proud to say that we have successfully weathered the financing storm this year and based upon the favorable investment terms of the initial capital received which now launches us into operations, I believe we are considerably undervalued at our current trading price."

About Smoky Market Foods

Smoky Market Foods, Inc. is a development stage Company that produces a complete line of fully cooked Smoke-Baked foods through a unique wood-burning oven system. Because of its proprietary wood-burning oven technology, the Company's Smoke-Baked products are believed to be truly healthful as they are prepared the old-fashioned way, without the use of any additives or chemical preservatives. Smoky Market Foods, Inc. intends to build a national chain of Smoky Market® restaurant-stores and self-contained kiosks that do not cook raw food on site.

Forward-Looking Statements

Statements in this news release regarding future financial and operating results, future growth in research and development programs, potential applications of our technology, opportunities for the company and any other statements about the future expectations, beliefs, goals, plans, or prospects expressed by management constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact (including statements containing the words "will," "believes," "plans," "anticipates," "expects," "estimates," and similar expressions) should also be considered to be forward-looking statements. There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements, including: limited operating history, need for future capital, risks inherent in the development and commercialization of potential products, protection of our intellectual property, and economic conditions generally. Additional information on potential factors that could affect our results and other risks and uncertainties are detailed from time to time in the company's periodic reports, including the report on Form 10-QSB for the quarter ended September 30, 2007. Forward-looking statements are based on the beliefs, opinions, and expectations of the company's management at the time they are made, and the company does not assume any obligation to update its forward-looking statements if those beliefs, opinions, expectations, or other circumstances should change.

Contact Information