SOURCE: Wall Street News Alert
|
September 06, 2007 09:08 ET
Wall Street News Alert: AFHN Is on the Move! September 6, 2007
NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.
WESTON, FL--(Marketwire - September 6, 2007) - Wall Street News Alert's "stocks to watch" this
morning are: American Food Holdings, Inc. (PINKSHEETS: AFHN), B&G Foods,
Inc. (NYSE: BGF), ConAgra Foods, Inc. (NYSE: CAG) and SYSCO Corporation
(NYSE: SYY).
Supplying products to more than 300 distributors across the US, American
Food Holdings, Inc. (PINKSHEETS: AFHN) should be on your radar screen this
morning. Wednesday after the markets closed, the company, which
manufactures and markets beef jerky and other snack foods, issued a press
release announcing an increase in revenue of 20% for the month of August
2007 over August 2006.
This is great news for the company, as according to the press release,
sales for August 2007 were $120,000 compared to sales of $95,000 for August
2006. Dennis Reinhold, President of American Food Holdings, Inc., states
this is an increase of 20% with a bigger demand for our products by
companies like AMWAY and corporate-owned as well as independent stores.
Opening the growing orders from our Beef Jerky Outlet stores, we project
even greater percentage increases in the near future.
Wall Street News Alert is placing Aggressive Investors on alert to monitor
the progress of the company! American Food Holdings is the parent company
of Reinhold and Timko®, a company whose management has a combined 210
years of experience in the production of fine quality beef and meat snacks.
AFHN's Reinhold & Timko® division has manufactured quality jerky and meat
snacks in Michigan since 1983. In 1997, Reinhold & Timko® built a
state-of-the-art 20,000 sq. ft. USDA-inspected facility capable of
producing millions of pounds of snacks a year. The company currently
distributes its quality snacks through company-owned and privately owned
outlets as well as nationwide distributors. Expansion plans include
opening new outlets, franchising and profitable food acquisitions.
Before the news was released, AFHN stock closed Wednesday at Eight cents a
share
For Wall Street News Alert's in-depth profile of American Food Holdings,
visit http://www.WallStreetNewsAlert.com/HotStocks/AFHN090507/default.aspx
To view all of Wall Street News Alert's special early morning trading
alerts for this morning, visit www.WallStreetNewsAlert.com, where you may
also sign up to receive free email alerts in advance of our press releases
being issued.
B&G Foods, Inc. (NYSE: BGF) up 0.4% on 23,000 shares traded.
B&G Foods and its subsidiaries manufacture, sell and distribute a
diversified portfolio of high-quality, shelf-stable foods across the United
States, Canada and Puerto Rico. B&G Foods' products include hot cereals,
jams, jellies and fruit spreads, canned meats and beans, spices,
seasonings, marinades, hot sauces, wine vinegar, maple syrup, molasses,
salad dressings, Mexican-style sauces, taco shells and kits, salsas,
pickles and peppers and other specialty food products.
ConAgra Foods, Inc. (NYSE: CAG) down 1.6% on 2.4 million shares traded.
ConAgra Foods, Inc. is one of North America's leading packaged food
companies, serving grocery retailers, as well as restaurants and other
foodservice establishments. Popular ConAgra Foods consumer brands include:
Banquet, Chef Boyardee, Egg Beaters, Healthy Choice, Hebrew National,
Hunt's, Marie Callender's, Orville Redenbacher's, Reddi-wip, PAM and many
others.
SYSCO Corporation (NYSE: SYY) down 2.6% on 2.4 million shares traded.
SYSCO is the global leader in selling, marketing and distributing food
products to restaurants, healthcare and educational facilities, lodging
establishments and other customers that prepare meals away from home.
Market Commentary:
"According to a report released by the National Association of Realtors,
existing home sales for July dropped by 12.2%. Inventories climbed and
these numbers are ahead of the subprime meltdown reported in August,"
stated Sonja Rudd in Wall Street News Alert's daily commentary continued
at: http://www.WallStreetNewsAlert.com.
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compensated Two Hundred Thousand shares of American Food Holdings, Inc.
(PINKSHEETS: AFHN), by a third party (Star Consulting Inc.), who is
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Thousand shares of American Food Co., Inc. (PINKSHEETS: AFHD) stock by a
third party (New Age Sport Inc), who is
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