Miami, FL - Terrace Food Group, Inc. announced that its registration of the shares underlying its outstanding warrants which expire December 5, 2000, has become effective as of October 5, 1998. Furthermore, pursuant to such registration, its board of directors has voted to lower the conversion price of such warrants from $4 per share to $1 per share for a sixty day period commencing October 5, 1998 and expiring December 4, 1998.
Terrace Food Group, Inc., through its A-One-A and Banner subsidiaries, is a south Florida leader in distribution and custom value-added processing of produce, meat, poultry, seafood, dairy and other perishable commodities.
Except for historical information, this press release contains certain forward looking statements that involve risk and uncertainties which may cause results to differ materially from the statements made. Such factors include, but are not limited to, changing market conditions, the establishment of new corporate alliances, the impact of competitive products and pricing and other risks detailed from time to time by the Company or in its filings with the U.S. Securities and Exchange Commission.
Meat Industry Insights News Service
P.O. Box 553
Northport, NY 11768
Phone: 631-757-4010
Fax: 631-757-4060
E-mail: sflanagan@sprintmail.com
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