Quantcast
 
New book by Larry Connors Click here Improve your trading - See how


 

Perfect Fry Signs Technology License Agreement With SpinFry Inc.

Fri. October 16, 2009; Posted: 09:07 AM
Stocks RSS
CALGARY, ALBERTA, Oct 16, 2009 (Marketwire via COMTEX) -- PNM | Quote | Chart | News | PowerRating -- Perfect Fry Corporation (TSX VENTURE:PNM) is pleased to announce that it has entered into a Technology License Agreement whereby Perfect Fry will assist in the design, development and manufacture of a new and innovative SpinFresh, ventless fryer that will cook a variety of foods including fries, wings, nuggets, rings and chicken fingers. Perfect Fry will incorporate SpinFry's patented centrifugal liquid extraction technology along with its own intellectual property pertaining to odorless technology, built-in fire suppression, advanced electronics and filtration to create this new innovative product. SpinFresh is a revolutionary new cooking system that spins off the fat and calories. In a recent independent 3rd party research study, up to 24% (as tested by Silliker Labs', an independent laboratory that specializes in food science) of the fat was reduced in french fries alone and over 48% of the oil typically absorbed during cooking was spun off. Fried food is left crispy on the outside and moist on the inside. The reduction of oil on the surface of the food leaves it much 'cleaner' and you can taste the natural flavor of the food the way it was meant to be enjoyed. SpinFresh cooking system is available for home use as well. It is sold under the George Foreman(R) brand and available in a variety of retail outlets, please view the link www.leanmeanfryer.com. To learn more about the total Spin Fresh experience and its unique benefits, please view the following link, www.spinfresh.com.

Gary Calderwood, President of Perfect Fry considers this opportunity to be strategic and timely. He notes, "As governments move to improve the health of the population, and youth in particular, we see an opportunity to provide another healthy alternative to existing foods. In the USA and Canada, obesity has dramatically escalated over the years. There is an obesity epidemic sweeping the globe. It's so prevalent; the WHO (World Health Organization) has dubbed it I"AA "Globesity." At Perfect Fry, we have developed award winning new products and with our current distributor network and existing manufacturing infrastructure, we are very excited to be working with Spin Fresh in tackling these issues."

Rory Millikin, President, SpinFry Inc. states, "SpinFry Inc. is very pleased to be working with Perfect Fry to deliver a SpinFresh/Perfect Fry Ventless Countertop Cooking System to the market that utilizes SpinFry Inc's patented centrifugal technology. We believe this ventless countertop unit is ideally suited for schools and businesses that do not have the use of expensive overhead ventilation and fire suppression systems. Our patented process removes up to 24% of the fat from fried foods while creating a much better tasting product due to close to half of the cooking oil being spun off of the food. We believe that our technology will replace the traditional deep fryer as we know it today due to the alarming rise in obesity rates. Additionally, we believe our patented process represents the safest way to remove fat from fried foods as it does not involves using chemicals or genetically modifying food...simply put, we are a salad spinner combined with a deep fryer!"

This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances.

SOURCE: Perfect Fry Corporation

Perfect Fry Corporation
Gary Calderwood
(403) 255-7712 or Toll Free: 1-800-265-7711
gary@perfectfry.com
www.perfectfry.com
For full details on Pnm Resources Inc (PNM) click here. Pnm Resources Inc (PNM) has Short Term PowerRatings of 6. Details on Pnm Resources Inc (PNM) Short Term PowerRatings is available at This Link.

    


More News:   Market Updates | Stock Alerts | All Trading News | Stock Index

Email
Print
Archives
Feedback
Email Article Link
Close X
Recipients email address
Your name
Your email
Add a note (optional)




Stocks RSS





Related News [PNM]
  UPCOMING EVENTS
Learn new strategies, how to trade in this market, and the stocks you should be focusing on each day. Join us for our free 20 minute tele-seminars during the week.
* Attendance is strictly limited and are filled on a first-come, first-served basis.
PREMIER SPONSORED LINKS
TRADE CENTER
 
The TradingMarkets Directory
RELATED SITES
Nothing but forex
Please call 1-213-955-5858 ext. 1

About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback

Disclaimer:

The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.

The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302

© Copyright 2009 The Connors Group, Inc.


All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.

© 2009 The Connors Group, Inc.