Company Enters Into Settlement Agreement With Previous
Management And Clears Way For Change
RIVERSIDE, CA -- July 16, 2015 -- InvestorsHub NewsWire
-- Active Health Foods, Inc. (OTCBB: AHFD)
announces that a hurdle has been cleared that has delayed their
financial reporting and clears the way for change. The maker of
"Active X" 100% Organic Certified, 100% Natural, Kosher and
Vegan Certified Energy Bars and "All Natural Flavors," a
sparkling, flavored, sugar free beverage, in an effort to close the
chapter on the old AHFD and to evoke a new corporate climate, AHFD
has entered into a settlement agreement with previous management
severing all ties and clearing the way for a new corporate
direction and the filing of our 2014 10-K and subsequent 1st and
2nd quarter 10-Q.
After assuming the role of CEO in February from the previous
management it became painfully obvious that many changes needed to
be made within the AHFD business model and structure. The existing
revenue model of selling its energy bars and flavored water has
been weak at best and past managements influence in the marketplace
as it related to this revenue model had been mostly non-existent. I
was brought in to change the direction of AHFD and to find ways to
create a new revenue model and to increase shareholder value, says
John Griffin, CEO. I believe that with the direction we are now
headed, void of the baggage of the previous management, we are now
on the right path for systematic long term growth.
Because of the negotiations with previous management and the
delays in retrieval of documentation that was needed for the timely
filing of our 2014 10-K, our 1st and 2nd quarter 10-Q were also
affected. These delays also affected our discussions with our
proposed merger partner, but I am happy to announce that the
financial information that was needed from the previous management
is now complete and we have engaged an audit firm to get these
filed and our negotiations have resumed, says Griffin.
Unfortunately we are now behind on completing our goals to turn
this company around but this settlement agreement now clears the
way for us to move closer to our goals! Finally we are back on
track, Griffin explains.
About Active Health Foods, Inc. Active Health Foods, Inc.
(OTCBB: AHFD) is an innovative producer of unique, amazing and
delicious 100% Natural, 100% Organic, Kosher certified, healthy and
nutritious alternatives to the fast food mentality
of millions of families across America. Active Health Foods,
Inc.'s brands include Active X Energy Bars, which are moist
and flavorful nutritious snacks, utilizing 100% Organic and 100%
Natural ingredients from a proprietary formula developed by and
exclusively for Active Health Foods, Inc. and "All Natural
Flavors", a sparkling, favored, "Sugar Free" beverage in a
multitude of flavors. Active X Energy Bars come in a variety
of delicious flavors including: Almond Chocolate Delight,
Peanut Butter Chocolate Joy, Cashew Berry Dream, Coconut Cocoa
Passion and Double Chocolate Chip. "All Natural Flavors" is
the only beverage available today that is sweetened 100% with
Stevia. Active Health Foods, Inc.'s goal is to offer a safer
and healthier alternative to the main stream sugar laden soda pops
and the diet drinks laced with potentially cancer causing
sweeteners like Aspartame and Nutra-Sweet. Currently, "All Natural
Flavors" is the only beverage on the market anywhere using
America's most desired sweetener - STEVIA. "All Natural
Flavors" is sold in a 24 pack 20 oz. straight flavor case in
(7) very unique and exciting flavors: Peach, Cherry, Raspberry,
Blackberry, Kiwi Strawberry, Mango, and Lemon Lime for the retail
market.
To Learn More
To find out more about Active X Energy Bars, "All
Natural Flavors" and the innovative company Active Health
Foods, Inc. (OTCBB: AHFD), visit our web sites at
www.activexbars.com or www.allnaturalbeverages.com
Contacts:
John Griffin
info@activehealthfoods.net
FORWARD-LOOKING STATEMENTS This press release contains a number
of forward-looking statements. Words, and variations of words such
as "estimate," "project," "believe," "anticipate," proposed,
"intend," continue, "expect," "plans," future, goals, "predict,"
"may," "should," "will," "can," and similar expressions are
intended to identify our forward-looking statements, including but
not limited to, our expectation for growth; benefits from
brand-building; cost savings; growth and margins.
These forward-looking statements are subject to a number of
risks and uncertainties, many of which are beyond our control,
which could cause our actual results to differ materially from
those indicated in our forward-looking statements. Such factors
include, but are not limited to, continued volatility of, and sharp
increase in, costs, pricing actions, increased competition, risks
from operating internationally, continued consumer weakness,
weakness in economic conditions and tax law changes.
Please also see our risk factors, as they may be
amended from time to time, set forth in our filings with the SEC,
including our most recently filed Annual Report on Form 10-K and
subsequent reports on Forms 10-Q and 8-K. Active Health Foods, Inc.
disclaims and does not undertake any obligation to update or revise
any forward-looking statement in this press release, except as
required by applicable law or regulation.