SOURCE: Smoky Market Foods, Inc.

Smoky Market Foods, Inc.

September 06, 2012 10:24 ET

Smoky Market Foods Creates Wholesale Distribution Company & Recruits Two Retail/Foodservice Execs to Head Operations

WEBSTER CITY, IA--(Marketwire - Sep 6, 2012) - Smoky Market Foods, Inc. (OTCQB: SMKY) announced today that the Company has organized its revenue operations into three business groups that are functioning as independent company units. The three operating companies are the Core Operations Group, which is contract food production and becomes activated following the acquisition by the Company of its Iowa USDA meat processor; the Smoky Brands Group, which is foodservice & retail distribution of principally the Smoky Market & Smoky Kosher brands and is now being operated by two veteran executives from the industry; and the BarBQ Diner Enterprise Group, which will launch the Company's unique fast-casual, barbecue restaurant concept in affiliation or partnership with a major chain or with a partner executive(s) from the industry.

"We have weathered a long and difficult period since becoming public back in 2007, and we've evolved now into a sophisticated organization of highly specialized food production, which is poised for multi-channel revenue operations that are being directed by proven industry executive talent who are committed to succeed," said Mr. Eddie Feintech, Chairman, President & CEO of Smoky Market Foods, Inc. "By establishing these three distinct operating companies, each with a respective business revenue channel providing profit contribution to the Company and managed by partners who are experts in their sectors, we have positioned SMKY to launch operations and secure its financing. Our two Smoky Brand Group executives have brought their extensive network of food brokers, co-pack manufacturers, chain buyers and qualified equity investors to SMKY's corporate table," he continued.

The Company proudly announces that Mr. Jeff Carrick, with nearly 40 years of food industry experience including executive-level positions with major food companies and brokerage company ownership, has become President/COO of the Smoky Brands Group.
Mr. Carrick, in turn, has tapped the executive talent of a long-time associate, Mr. Mike Robinson, who has joined the Smoky Brands Group as Executive VP of Sales, and also brings over 35 years of senior management experience in the food and beverage industry. Together, the two Smoky Brands Group executives are signing regional food brokers to market SMKY food products immediately through foodservice distributors, with agreements in place for Texas and Nevada, and New Mexico, Arizona and Colorado to follow in the coming weeks as the program moves national. Retail distribution through supermarkets is planned to begin in early 2013, the extent of which distribution will depend upon the amount of capital the Company has secured to finance aggressive brand development. 

"This is a significant milestone for the Company, as we have the financial resources in place now to grow foodservice revenue while we complete our capital raise for retail branding and acquisitions, which gets easier as revenue grows. We can fully utilize our existing oven capacity with foodservice sales and get profitable, as strategic vendor supply agreements are giving us competitive pricing. The business is definitely out there for our quality and we have a professional team to execute our plan." Mr. Feintech stated. Interested shareholders and investors may request a copy of the Company's current business plan, which presents the structure of the three operating company groups, the plan for revenue growth, and the resumes of all management. Requests for the business plan should be sent to Investor Relations:

Smoky Market Foods, Inc. uses proprietary, custom-engineered, USDA-approved wood-burning oven technology to produce a complete line of fully-cooked Smoke-Baked™ meat and fish, and special recipe dishes. From a 15-acre food production campus located in central Iowa, the Company produces its smoked foods for multiple channels of foodservice and retail grocery distribution principally under the Smoky Market brand. Additionally, the Company intends to produce certified kosher smoked foods and to distribute this line of products under the "Smoky Kosher" brand through the same marketing channels. Using its mass production technique, the Company plans to develop a national chain of fast-casual barbecue restaurants under the name "BarBQ Diner" that would operate without having to handle and cook raw product on site. 

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: our limited operating history, need for future capital and need to enter into relationships with retailers for retail merchandising business, supply and distribution risks, 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 company's most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q. 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.

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