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SOURCE Frozen Food Gift Group Inc.
$100,000 for the manufacturing and distribution of Microwave Roasters products
LA JOLLA, Calif., Oct. 30, 2013 /PRNewswire/ -- Frozen Food Gift Group Inc. (OTC BB: FROZ) today announced that it has entered into a royalty agreement with Global Specialty Products, Inc. of Orange, CA. The royalty agreement provides for the investment of $100,000 into Global Specialty Products, Inc. ("GSPI") with possible triggers for additional investment, for the manufacturing and distribution of Microwave Roasters ("MRI") products. FROZ will receive a 5% net sales royalty payback for the next ten years on all sales of the Microwave Roasters products through GSPI.
MRI produces a unique line of microwave snacks using a proprietary bag technology that enables consumers to make fresh, warm, and healthy crispy snacks in their home or office microwave oven. These products have been selling successfully for several years in major retailers in the Southeast. Their leading products are pork rinds and onion rings, and come in multiple flavors.
The Company buys food "pellets" from the same companies that supply makers of bagged snacks with their raw materials. But whereas these other snack manufacturers deep fry these pellets in hot oil or lard, MRI seasons the pellets and then seals them in clear plastic bags. The consumer then can place a bag in his/her microwave oven and watch them "pop and crisp". The result is a snack that is warm, fresh and tasty, but also very low in calories, fats, and carbohydrates.
MRI snacks guarantee a shelf life of 12 months. By contrast, most bagged snacks measure their shelf life in days or, at best, a few weeks. MRI snacks are also priced competitively with our bagged competitors.
Currently MRI offers four items including two flavors of Pork Rinds (Original and Hot N Spicy), MicrOrings, which is best described as a microwave version of onion rings, and Micro Bak'n, a non-meat bacon-flavored chip. The Company has also created prototypes of several additional microwave versions of other popular bagged snacks, and plans to launch these in the near future.
The Company is in the process of moving its production to Southern California. In association with GSPI and FROZ, MRI expects to become a significant factor in the multi-billion dollar US snack industry.
About Frozen Food Gift Group
Frozen Food Gift Group Inc. (FROZ) is a publicly traded company that seeks to help launch specialty gift and food products in return for revenue and royalty streams with scalable distribution platforms. FROZ is currently invested in sendascoop.com and now Global Specialty Products with the MicroRoasters brand. FROZ seeks new, innovative food and specialty products for which it can help enable a scalable platform for distribution.
Some statements made in this press release are forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. We use words such as "anticipate," "believe," "expect,'' "future," "intend," "plan," and similar expressions to identify forward-looking statements. These statements including those related to the growth of the industry, new stem cell treatments, and the Company's performance, are only predictions and are subject to certain risks, uncertainties and assumptions. Additional risks are identified and described in the Company's public filings with the Securities and Exchange Commission. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company's past performance is not necessarily indicative of its future performance. The Company does not undertake, and the Company specifically disclaims any obligation to update any forward-looking statements to reflect occurrences, developments, events, or circumstances after the date of such statement.
Frozen Food Gift Group
Contact: Jonathan Irwin, CEO
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