Exhibit 99.3 ------------ Loretta Baking Mix Products Ltd. Signs Letter of Intent ------------------------------------------------------- to Acquire Michigan-based Manufacturing Operation ------------------------------------------------- Mississauga,...Exhibit 99 • October 21st, 2004 • Monaco Group Inc • Wholesale-groceries, general line
Mississauga, ON -- October 18, 2004 -- LF Brands Inc. announced today that its newly formed wholly-owned subsidiary, Loretta Baking Mix Products Ltd. ("LBMP"), a Michigan corporation, signed a binding Letter of Intent ("LOI"), on October 14, 2004, to acquire all of the assets and business of Michigan-based Amendt Corporation, a Michigan corporation ("Amendt"), for consideration of up to $2,900,000 (US Dollars) (the "Asset Purchase"). This Asset Purchase is subject to LBMP receiving sufficient financing needed to complete this acquisition. There are no assurances that LBMP will be able to raise such needed financing.
