American Food Holdings, Inc. announced tonight after the bell that its revenues increased 20% for the month of August 2007 over August 2006. The company also revealed that sales for last month were $120,000, an increase of 26% compared to last year’s sales during the same period.
Dennis Reinhold, President of American Food Holdings, Inc., stated that the large increase in revenues were caused by greater demand for the company’s products by companies such as AMWAY and independent stores. He continued to say that American Food Holdings expects even greater percentage increases in the near future.
Wall Street News Alert issued an aggressive investor trade alert on the company. American Food Holdings is the parent company of Reinhold and Timko, a company whose management has a 210 years of combined experience in the production of fine quality beef and meat snacks. The company currently distributes its quality snacks through company-owned and privately-owned outlets as well as nationwide distributors. Expansion plans include opening new outlets, franchising and profitable food acquisitions.
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