Tone Products Board of Directors Approves Fun City Popcorn Shares Distribution

Apr 16, 2001, 01:00 ET from Tone Products

    MELROSE PARK, Ill., April 16 /PRNewswire/ -- Tone Products
 (OTC Bulletin Board:   TNPD) announced today that its Board of Directors has
 approved the distribution of all 1,893,579 shares of its wholly-owned
 subsidiary, Fun City Popcorn, Inc., to Tone's shareholders.  Accordingly, Tone
 will distribute one share of Fun City for each share of Tone owned by Tone
 stockholders on the record date.
     The record date will be determined, and the distribution completed,
 following regulatory approval by the SEC, expected in the fall of 2001.
 Following the distribution, Fun City's securities are expected to be listed
 for trading on the Bulletin Board.
     Tone has owned Fun City since 1997.  The purpose of the distribution is to
 improve stockholder value while eliminating Tone's need to manage Fun City's
 Nevada operations from Tone's Chicago headquarters.
     Tone expects to file a Form 10 Registration Statement and Proxy Statement
 with the SEC covering the distribution in approximately May 2001.
 
 

SOURCE Tone Products
    MELROSE PARK, Ill., April 16 /PRNewswire/ -- Tone Products
 (OTC Bulletin Board:   TNPD) announced today that its Board of Directors has
 approved the distribution of all 1,893,579 shares of its wholly-owned
 subsidiary, Fun City Popcorn, Inc., to Tone's shareholders.  Accordingly, Tone
 will distribute one share of Fun City for each share of Tone owned by Tone
 stockholders on the record date.
     The record date will be determined, and the distribution completed,
 following regulatory approval by the SEC, expected in the fall of 2001.
 Following the distribution, Fun City's securities are expected to be listed
 for trading on the Bulletin Board.
     Tone has owned Fun City since 1997.  The purpose of the distribution is to
 improve stockholder value while eliminating Tone's need to manage Fun City's
 Nevada operations from Tone's Chicago headquarters.
     Tone expects to file a Form 10 Registration Statement and Proxy Statement
 with the SEC covering the distribution in approximately May 2001.
 
 SOURCE  Tone Products