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.

 


 

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