SOURCE: Worldwide Food Services, Inc.

Worldwide Food Services, Inc.

July 15, 2010 09:00 ET

Worldwide Food Services (WFSV) Announces LOI to Acquire Rainbow Food Services

BORDENTOWN, NJ--(Marketwire - July 15, 2010) - WORLDWIDE FOOD SERVICES, INC. (PINKSHEETS: WFSV) has entered into negotiations to acquire Rainbow Food Services (Rainbow Foods), a 35-year-old company that provides hot school lunch programs and mobile cafeterias and owns "Café on the Go."

Rainbow Foods also oversees all procurement of products, assembly, warehousing, packing, storage and distribution of the Emergency Food Kits for the Department of Defense and for FEMA, named in the BOA for Rastelli Global and contracted exclusively to Worldwide Food Services, Inc.

Worldwide Food Services, Inc. is 100% Debt-free. The Company owes no suppliers or manufacturers; inventories that are held have all been paid-in-full.

For further information about this release, contact Rich Kaiser, Investor Relations, YES INTERNATIONAL, #800-631-8127 and/or www.wwfoodservices.com .

Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain forward information contained in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition.

Contact Information

  • CONTACT:
    WORLDWIDE FOOD SERVICES, INC.
    Rich Kaiser
    Yes International
    800-631-8127