Frozen Food Gift Group Inc. Purchases Ice Machine Firm
LA JOLLA, Calif., Feb. 27, 2013 /PRNewswire/ -- Frozen Food Gift Group Inc. (OTC BB: FROZ), the only publicly traded company that sends specialized ice cream gift products via the Internet for delivery anywhere in the U.S. ( www.SENDaSCOOP.com), today announced that it has purchased Miami Ice Machine Company ( www.MiamiIceMachine.com) for $880,000 in restricted stock.
Miami Ice Machine Company is a leading provider of quality refrigeration equipment of all types, including walk-in refrigerators and freezers, with over 50 years of operation.
"We purchased this Company because it fits into our distribution model for frozen food products. Miami Ice Machine Company is a well-run company with a strong reach in a local area, with a business model that can be replicated nationally," said Jonathan Irwin, Frozen Food Gift Group Chief Executive Officer.
"We believe this is an excellent acquisition for our investors because it provides a platform for much wider distribution of frozen food equipment, products and service. Many businesses with fantastic products struggle without the proper distribution channels and we focused on this very platform as the first step. We expect to expand their local model nationally and use this supply chain to introduce various new products and services to the market. Miami Ice Machine Company has designed industry-leading equipment that deserves a national footprint," said Mr. Irwin.Forward-Looking Statements Some statements made in this press release are forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We use words such as "anticipate," "believe," "expect,'' "future," "intend," "plan," and similar expressions to identify forward-looking statements. These statements including those related to the growth of the industry, new stem cell treatments, and the Company's performance, are only predictions and are subject to certain risks, uncertainties and assumptions. Additional risks are identified and described in the Company's public filings with the Securities and Exchange Commission. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company's past performance is not necessarily indicative of its future performance. The Company does not undertake, and the Company specifically disclaims any obligation to update any forward-looking statements to reflect occurrences, developments, events, or circumstances after the date of such statement. Source: Frozen Food Gift Group Contact: Jon Irwin, CEO 888-530-3738 SOURCE Frozen Food Gift Group
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