LAKE MARY, Fla., Sept. 19, 2011 /PRNewswire/ -- Heathrow Natural Food & Beverage, Inc. (OTCPK: HRNF) is pleased to announce that its board of directors has approved a spin-off of all current food and beverage related operations into Heathrow Enterprises, LLC, a private entity. In conjunction with the spin-off transaction, the company will concurrently acquire the assets and operations of Aurum Guaranty, a financial services firm.
All HRNF shareholders of record at close of business 30 September 2011 will receive a pro rata distribution of 10% of the newly formed Heathrow Enterprises, LLC. All shareholders will retain their ownership in HRNF and also own equity shares in Heathrow Enterprises, LLC. The equity shares will be entitled to an annual dividend based on the profits of the LLC.
Aurum Guaranty has agreed to assume a portion of the Company's debt as part of the spin-off transaction. "Management believes the corporate restructure, debt elimination, spin-off, and dividend plan provides stockholders the strongest path for equity appreciation," said Michael Pagnano, CEO of Heathrow Natural Food & Beverage, Inc.
Also, HRNF will retain its current Common share structure. The issuance of new Common shares is not required as part of the Company's operational restructure and the Company will not affect a reverse split.
The Company will change its name to "Aurum Guaranty" and will soon release its various Web sites, operational disclosures, and update the Company's filings with OTC Markets to "Current Information" status.
About Aurum Guaranty
Aurum Guaranty consolidates international assets in order to provide equity enhancements and financial guarantees. The Company's assets are deposited in licensed brokerage firms or banks throughout the world. The Company earns revenues from the fees paid to purchase the various guarantees. These fees provide returns on assets well above typical market returns. The Company currently has over $50,000,000 in financial assets and will merge into HRNF and has immediate plans to increase this amount significantly, subsequent to completing the current merger transaction. Aurum Guaranty has operations in Brazil, London, The Caribbean, and Florida, USA.
About 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. HNFB is part of the $700 Billion Wellness Industry, which is growing at 10% per year.
Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.
SOURCE Heathrow Natural Food & Beverage, Inc.