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Growth-Stock 2000's February Stock Profile.
Dippy Foods, Inc.
OTCBB Trading Symbol: DPPI
Recent Share Price: $0.68
Shares Outstanding: 15,000,000
Shares in Float: 7,000,000
**** News Flash 10/13/99 ****
Dippy Foods to Supply Nachos for 3COM Park
Dippy Foods, Inc. is pleased to announce it has received its first order from
stadium food supplier, Volume Services America to provide its fresh, pre-packaged
nacho, cheese and salsa meals called "Dippers" to 3COM Park in San Francisco, CA.
Dippy Foods will initially supply 5,000 nacho meals to be sold on beer carts at
San Francisco 49ers football games. The Company anticipates that they will supply
the nacho meals at baseball and football games next year.
*****************************
Please visit http://212.91.174.30/dppi for full details.
Do you remember when you went to school? Those were the days. No real care in your
life except if the cute boy or girl in class liked you. Well actually you did have
one care, whether Mom was going to let you bring a breakfast or lunch to school OR
if you were going to have to brave the cafeteria. You probably still shudder
thinking about that food and the people that served it. Maybe you have nightmares
thinking you're back in school and that you are forced to eat cafeteria food. It
is kind of scary. Well now all that will go away with Dippy Foods.
Dippy Foods, Inc. (OTCBB: DPPI) creates and distributes fresh, nutritious
prepackaged lunch products that have been tailored to target the US school
foodservice market under the National School Breakfast and Lunch Program (NSBLP)
-- a $16.4 billion market. The luncheon products currently consist of four
"Dipper" products. All four luncheon products, when combined with a milk serving,
meet the FDA nutritional requirements for all four food groups -- bread, protein,
dairy and fruits and vegetables -- and provide over 50% of the FDA's daily
nutritional requirements. Currently, under the USDA School Breakfast and Lunch
Program, over 94,000 schools provide USDA subsidized or free lunch to over 27.5
million children daily. Sixty-nine thousand of these schools currently provide
USDA subsidized or free breakfast to over 6.5 million children. The number of
children receiving breakfast under the USDA program is expected to more than
double by 2002. The USDA provides schools $1.99 for each lunch served and $1.19
for each breakfast served. DPPI currently provides a fun-to-eat lunch product that
provides 50% of the FDA's daily nutritional requirements and requires no
preparation, refrigeration or heating. Each meal is pre-package in recyclable
trays (to meet the new recycling requirements) as a single serving with a shelf
life of sixty days -- all for $1.00 per serving. Dippy Foods has no competition
other than schools that (1) purchase raw goods and produce cafeteria style meals
or, (2) purchase frozen prepared meals that require freezer storage, heating and
other preparation prior to serving and often cost more than budget allowances.
With the average age of a school kitchen being 27 years, It would be more cost
effective to use "Dippers" than update these kitchens to the ever-changing kitchen
standards.
In June Dippy Foods completed the co-branding agreement with ConAgra Grocery
Products Co. DPPI will use ConAgra Grocery's nationally recognized named products,
including Peter Pan Peanut Butter, Rosarita Salsa, and Knott's Berry Farm fruit
filling in their Dippers product line of prepackaged school lunches. Dippers' new
product label will incorporate the brand logos of these products.
Dippy Foods was incorporated in May 1997, became a public company in September
1998 and anticipates reporting a break-even year December 1999. DPPI currently
provides luncheon products to five Orange County school districts and 25
additional school districts located from Oakland to Carlsbad. California alone
serves 7 million meals every school day, (representing 12% of the US market) or
spends a minimum of $3.7 billion dollars a year. The company's goal for 1999 and
into early 2000 is to meet current production capacity of 500,000 meals per month,
which would provide a gross profit margin of between 18 -- 22%. The goal for 2000
is to produce 1.5 million meals per month and attain a gross profit margin of
between 28 -- 35% percent. Conservative estimates suggest that the company should
report approximately $50 million in revenue by 2005. These numbers could change
dramatically if the company is awarded some of the bids they are working on or
some of the pilot sites turn into standing product orders. Dippy is currently in
the development phase of a new breakfast-cereal line and an after school snack.
These new products have a December 1999 launch date. The company is also working
with a club store retailer to promote its Nacho Dippers for the company's first
retail application. Dippy is developing its first region to encompass Arizona,
Nevada, Washington, Oregon, Texas, New Mexico and California. This represents 44
key prospects that could account for 85% of the companies projected revenues over
the next two years. To maintain order and production flow Dippy Foods' management
team is evaluating additional food preparation companies with plans to have new
production facilities up and running by December 1999 with the ultimate goal being
the construction or acquisition of its own production facilities.
33 million free meals nationwide are being served daily and over 3 million free
meals in California schools alone. Over 64 million dollars a day is spent by the
U.S. government in the free school lunch and breakfast program. 12 billion dollars
annually is spent to subsidize meals in United States schools alone. 60 million
dollars a year equals less than 1% of the market share in the free school lunch
and breakfast program.
Imagine your children actually wanting to eat school food. Most parents dream
about it. Dippy Foods could change the way school breakfasts and lunches are
served. Now, late at night, instead of preparing your children's next day
breakfast and lunch, you can spend time doing something that you want to do.
Once again, please visit http://212.91.174.30/dppi for full details.
****** DISCLAIMER ******
This material is being provided by Growth Stock 2000, an electronic newsletter
paid by the issuer for publishing the information contained in this report.
Rubicon Capital Corporation has paid a consideration of 32,000 free trading shares
of common stock of Dippy Foods, Inc. to Growth Stock 2000 as payment for the
publication of the information contained in this report. Growth Stock 2000 and its
affiliates have agreed not to sell the common stock received as payment for its
services until October 22, 1999, which date is 15 days from the initial
dissemination of this report. After such date, Growth Stock 2000 may sell such
shares in spite of any historical, current or future report or information
conveyed about such securities. Because Growth Stock 2000 is paid for its
services, there is an inherent conflict of interest in Growth Stock 2000's
statements and opinions and such statements and opinions cannot be considered
independent. The information contained in this publication is for informational
purposes only and not to be construed as an offer to sell or solicitation of an
offer to buy any security. Please be advised that Dippy Foods, Inc. is not
offering securities for sale to persons in California or Minnesota. Growth Stock
2000 makes no representation or warranty relating to the validity of the facts
presented nor does Growth Stock 2000 represent or warrant that all material facts
necessary to make an investment decision are presented above. All statements of
opinions are those of Growth Stock 2000. Growth Stock 2000 relies exclusively on
information gathered from public filings on featured companies, as well as, in
certain circumstances, interviews conducted by Growth Stock 2000 of management of
featured companies. Investors should not rely solely on the information contained
in this publication. Rather, investors should use the information contained in
this publication as a starting point for conducting additional research on the
featured companies in order to allow the investor to form his or her own opinion
regarding the featured companies. Factual statements contained in this publication
are made as of the date stated and they are subject to change without notice.
Growth Stock 2000 is not a registered investment adviser, broker or a dealer.
Investment in the companies reviewed is speculative and extremely high-risk and
may result in the loss of some or all of any investment made in Dippy Foods, Inc.
Projections of future financial results are provided solely by Dippy Foods, Inc.
No assurances are given that Dippy Foods, Inc. will achieve said projections. This
publication contains forward-looking statements that are subject to risk and
uncertainties that could cause results to differ materially from those set forth
in the forward-looking statements. These forward-looking statements represent the
judgment of Dippy Foods, Inc. as of the date of this publication. The Company
disclaims any intent or obligation to update these forward-looking statements.
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