SOURCE: Worldwide Food Services, Inc.

Worldwide Food Services, Inc.

April 17, 2012 09:15 ET

Worldwide Food Services (WFSV) Changes Business Model

BORDENTOWN, NJ--(Marketwire - Apr 17, 2012) - WORLDWIDE FOOD SERVICES, INC. (Worldwide Food Services) (PINKSHEETS: WFSV) announced today the Company will no longer inventory food supplies for the Emergency Food Kits program due to the expiration dates of many of the ingredients. Worldwide has joined forces with several national distributers who will inventory and ship the products on a 24-hour basis. The Company has become an established supplier and creditor and no longer needs to maintain food product inventory. Worldwide will continue to inventory the boxes for the individual Kits as well as their shipping containers

Worldwide Food Services, Inc. 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 statements contained in this release contain 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