SOURCE: Smoky Market Foods, Inc.

Smoky Market Foods, Inc.

June 24, 2009 09:00 ET

Smoky Market Foods, Inc. Announces Receipt of $1.5 Million First-Round Financing

WEBSTER CITY, IA--(Marketwire - June 24, 2009) - Smoky Market Foods, Inc. (OTCBB: SMKY) announced today that it has received first round financing in the amount of $1.5 million from a private investment fund. The financing is in the form of a two-year interest bearing note and provided by the same private investment fund which had previously loaned the Company a total of $650,000.

The Company intends to use proceeds of the financing to complete the opening of its flagship Smoky Market restaurant in Los Gatos, CA and prepare for expansion of the concept. Due to current market conditions, the Company withdrew from its plan to install kiosks into mall venues and instead will be focusing on marketing plans directed at retail merchandising and Internet sales. The Company is presently designing attractive point-of-sale refrigerated display merchandisers for potential placement into supermarkets and non-traditional retail venues with qualified customer traffic such as chain drug stores, chain liquor stores, RV campground stores and selected upper-scale convenience stores. Additionally, the Company intends to upgrade its web site and to begin offering selected items that will be target-marketed to RV users, tailgaters, and special items for catering and holiday gifting.

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 that do not cook raw food on site and to distribute its products through retails stores and the Internet.

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, need to enter into relationships with retailers for retail merchandizing 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 report on Form 10-QSB for the quarter ended March 31, 2009. 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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