 |  CF Green Corp. Announces Financing
30 Sep 2004
CF Green Corp. a marketer and distributor of Colorado Black Angus Beef; announced today that debt financing has been secured for the modifications of the processing plant. The Company has been negotiating with potential customers that require modifications to increase the number of cattle processed in the plant. Financing for these modifications has been secured. The financing is in the form of debt at favorable terms. "We are excited about this financing package," said Brad Green, President of CF Green Corp. "We can now finalize the modifications to the plant that will increase capacity for new and existing clients. We expect to announce new contracts in the near future, which will enable us to be cash flow positive this year. Additionally, we are discussing additional projects that can be financed with debt versus equity. This, we believe, will increase the intrinsic value of the shares of CF Green," added Brad Green. After the Company's forward split of three shares for one share (3-for-1) as of June 15, 2004, the approximate current share structure is as follows: 50,000,000 shares authorized; 35,500,000 shares outstanding; and 3,600,000 free-trading. About CF Green Corp. The Company markets and distributes Colorado Black Angus Beef that is certified "Natural," hormone free, antibiotic free, aged and corn fed. Its all-natural beef starts with raising and feeding the cattle on the Green Family Ranch; continues through the processing and packing at a USDA approved plant, all on the ranch. CF Green Corp. has an exclusive agreement to market and distribute the natural Black Angus beef nationwide. The foregoing contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Such forward-looking statements involve certain risks and uncertainties. The actual results may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or implied) will not be realized. |
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