Think
Again, Inc. Files Chapter 11 Bankruptcy (December 20, 2004)
RODGERSVILLE,
Tenn., Dec. 20 /PRNewswire/ --
RODGERSVILLE,
Tenn., Dec. 20 /PRNewswire-FirstCall/ -- PMC Wholefood Farmacy Corp.
(Pink Sheets: WFMC) announced today that its wholly owned subsidiary,
Think Again, Inc., filed for protection under Chapter 11 of the
Bankruptcy Act. The filing occurred in Greenville, Tennessee, and
bears Case No. 0424141. In addition, the Company announced that
Don Tolman has officially resigned from all his positions in the
Company and that Mark Bowen and Steve Tilton have been elected to
the Company's Board of Directors replacing the former board. The
Board then selected Bowen to be the Company's Chief Executive Officer
and Tilton as its new president.
In
commenting on the news, Steve Tilton stated: "We believe these
actions were in the best interest of the Company to protect it from
any adversity which may arise from the Whole Living, Inc. lawsuit.
We believe the Company will be able to move forward with its business
plans and emerge from Chapter 11 as a stronger company.
About
Think Again, Inc.
Great
American is at the forefront of the emerging health and wellness
industry. The Company's products include whole foods and Phi Plus
- the healthiest food in the world. Phi Plus is a synergistic combination
of 76 organic ingredients and is the backbone of the company's food
solutions. Other products include TropiPhi, the Rolls-Royce of raw
food, which includes all natural fibers and no cholesterol. Other
soup and vegetable products are also available. For a complete list
of products and other corporate information please visit http://www.wholefoodfarmacy.com/.
Forward-Looking
Statement
This
Press release may include forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. These statements are
based on the Company's current expectations as to future events.
However, the forward-looking events and circumstances discussed
in this press release might not occur, and actual results could
differ materially from those anticipated or implied in the forward-looking
statements.
Think
Again, Inc.
CONTACT: Steve Tilton, +1-423-921-7848, for Think Again
Web
site: http://www.wholefoodfarmacy.com/
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