Exhibit 99.3
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             Loretta Baking Mix Products Ltd. Signs Letter of Intent
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                to Acquire Michigan-based Manufacturing Operation
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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.

Amendt is a  manufacturer  of a wide  variety  of popular  baking mix  products,
including cake mixes,  pancake mixes,  brownie mixes, pizza crust mixes, coating
mixes,  etc. The predecessor  company to Amendt began as a flour milling company
over 150 years ago. The business has evolved from flour milling operation into a
blender of flour-based baking products.  Amendt manufactures baking mixes, under
its brand name, "County Fare", and under private-label,  for some of the largest
retail chains in the U.S.A.

LF Brands owns various consumer brands,  including  "Rich'n Moist" caking mixes,
"Rich'n  Fluffy"  pancakes mix, and "Rich'n  Chewy" cookie mix. The company also
operates, through its majority-owned subsidiary,  Golden Gate Flour Corporation,
a flour mill based in Brantford, Ontario that supplies various types of flour to
retailers and commercial bakeries throughout Canada.

In accordance  with the terms and conditions of the LOI, the parties have agreed
to  execute  a  definitive  purchase  and  sale  agreement,   and  complete  the
transaction on or about November 15, 2004, subject to LBMP receiving  sufficient
financing.

Monaco  Group Inc.,  a Delaware  corporation  ("Monaco"),  disclosed by Form 8-K
filed with the  Securities  and Exchange  Commission  on October 8, 2004 that it
entered into a share purchase  agreement on October 4, 2004 to acquire LF Brands
Inc.,  LF  Acquisition   Corp.,  and  LF  Licensed  Products  Inc.  through  its
wholly-owned subsidiary Monaco (Canada) Inc., an Ontario corporation.

This press release states and reflects assumptions,  expectations,  projections,
intentions,  and/or  beliefs  about past and future  events that are intended as
"forward-looking  statements" under the Private Securities Litigation Reform Act
of 1995. You can identify  these  statements by the fact that they do not relate
to historical or current facts. They use words such as "anticipate", "estimate",
"project",  "forecast",  "may", "will", "should",  "expect", "assume", and other
derivations  thereof  and  other  words of  similar  meaning.  Any or all of the
forward-looking statements herein may turn out to be wrong. They can be affected
by inaccurate assumptions or by known and unknown risks and uncertainties.