Heathrow Natural Food & Beverage, Inc. Announces Acquisition and Change of Control, Corporate Actions
LAKE MARY, Fla., Nov. 9, 2011 /PRNewswire/ — Heathrow Natural Food & Beverage, Inc. (OTC: HRNF) is pleased to announce that on November 8, 2011, Verde Media Group, Inc., a Delaware Corporation (OTC: VMGI) acquired a controlling interest in the Company. Verde Media acquired 10 million shares of preferred stock of the Company, which is equal to a controlling interest in the Company. Effective immediately, Verde will also acquire the “Million Dollar Shootout” golf reality series asset that is wholly owned by HRNF. Both companies will trade independently and VMGI will commence the necessary actions to bring HRNF to Current Information status.
HRNF has approved and intends to become a media finance business working closely with Verde. The Company historically produced The Million Dollar Shootout made for television competitive golf program and is the producer of the Heathrow Natural Food & Beverage line of Functional Anti-Oxidant Chewing Gums.
“Verde Media Group, is well positioned in the media market and will add significant value to HRNF and its shareholders,” said Michael Pagnano, CEO of Heathrow Natural Food & Beverage, Inc. Verde will keep all shareholders informed on the progress of bringing HRNF to Current Status.
William Veve, President of Verde Media Group, Inc. stated, “This is an extremely beneficial acquisition for both VMGI and HRNF shareholders. As the steps necessary to allow HRNF to resume trading are completed we will be repositioning HRNF to take advantage of the media financing opportunities that are currently being presented to company. These mutually beneficial opportunities will increase shareholder value for both VMGI and HRNF shareholders.”
Verde Media Group, Inc.: www.verdemediagroup.com
Verde Media Group Inc. is a publicly traded company listed on the OTC Markets trading under the symbol VMGI. The Company operates a managed media financing and Production Company with, distribution, and development functions.
Heathrow Natural Food & Beverage, Inc.: www.heathrownfb.com
Heathrow Natural Food & Beverage, Inc. (HNFB) is the producer of the Heathrow Natural Super Food Brand of Functional Chewing Gums, which includes several Super Foods such as Acai & Resveratrol.
This press release may contain certain forward-looking statements regarding future circumstances. These forward-looking statements are based upon the Company’s current expectations and assumptions and are subject to various risks and uncertainties that could cause actual results to differ materially from those contemplated in such forward-looking statements.
SOURCE Heathrow Natural Food & Beverage, Inc.