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Article: Workforce Systems reports that Mr. Food's AlloFresh is nearing introduction; Company sees first year sales potential of at least $10 million; Expects gross margins to approach 50%.
- Article from:
- Business Wire
- Article date:
- May 29, 1996
CopyrightCOPYRIGHT 1996 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ALCOA, Tenn.--(BUSINESS WIRE)--May 29, 1996--Workforce Systems Corp. (OTC Bulletin Board: WFSC) today reported that the first 100,000 units of Mr. Food(R)'s AlloFresh, the innovative new product being offered by its consumer products division, Products That Produce (PTP), will be ready for distribution beginning on June 3, 1996.
The Company expects to have a least an additional 250,000 units ready for distribution by the middle of July 1996. Workforce also noted that it has already excavated sufficient mineral to produce approximately 5,000,000 units.
Based on its evaluation of the product and the market, the Company reasonably believes that Mr. Food(R)'s ...