SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(D)
of the Securities and Exchange Act of 1934
Date of Report (date of earliest event reported): July 23, 2002
RED OAK HEREFORD FARMS, INC.
(Exact Name of Registrant as Specified in its Charter)
NEVADA
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(State or Other Jurisdiction of Incorporation)
33-89714 84-1120614
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(Commission File Number) (Employer Identification Number)
2010 Commerce Drive, Red Oak, Iowa 51566
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(Address of Principal Executive Offices)
Registrant's Telephone Number, including Area Code: (712) 623-4601
ITEM 5. OTHER EVENTS.
On July 23, 2002 the Company issued the press release attached hereto as
Exhibit A and made a part of this report.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended,
the Registrant has duly caused this Report to be signed on its behalf by the
undersigned hereunto duly authorized.
RED OAK HEREFORD FARMS, INC.
Date: July 24, 2002
By: /s/ ______________________________
Harley Dillard
Chief Financial Officer
EXHIBIT A
FOR IMMEDIATE RELEASE: Tuesday, July 23, 2002
CONTACT: Harley Dillard, Treasurer/CFO
Red Oak Hereford Farms, Inc.
www.redoakfarms.com
RED OAK HEREFORD FARMS, INC. RESTRUCTURING
PREMIUM QUALITY FOODS, INC. ACQUIRES RED OAK FARMS LICENSE
RED OAK, IOWA--Red Oak Hereford Farms, Inc. (PINK SHEETS: "HERF") Effective
April 27, 2001 the Companies Common Stock was delisted from the OTC:BB resulting
from the Companies inability to complete the 2000 audit, resulting from the lack
of funds. AS DISCLOSED IN PREVIOUS SEC REPORTING, THE COMPANY HAS BEEN AT RISK
IN OBTAINING NECESSARY RESOURCES-INCLUDING SUFFICIENT FUNDING TO MOVE THE
BUSINESS STRATEGY FORWARD.
TO PRESERVE THE TRADEMARK AND THE RELATED CUSTOMER BASE DEVELOPED UP TO THE
FIRST OF OCTOBER 2001, RED OAK FARMS, INC. AND HERF MANAGEMENT NEGOTIATED AND
ENTERED INTO A CONSULTING AGREEMENT AND A LICENSING AGREEMENT, with Premium
Quality Foods, Inc. (PQF) on October 4, 2001. The licensing agreement is for
rights to utilize the Red Oak Farms Trademark. PQF is controlled by a prior
officer of HERF and a Red Oak Farms, Inc. employee. These agreements are
designed to provide a revenue stream to HERF and Red Oak Farms, Inc. HERF and
ROF are currently in dispute with PQF on the terms of these contracts and are in
negotiations to settle the matter. The Company is not currently conducting
ongoing revenue producing operations.
Founded in 1997, Red Oak Hereford Farms, Inc. through subsidiaries produced and
sold Certified Hereford Beef, Premium branded Hereford fresh Beef, and premium
precooked products to retail, food service, mail order and e-commerce markets.
The company also sold and distributed the award-winning beef jerky--My Favorite
Jerky(TM).
NOTE: Statements contained in this news release that are not strictly historical
are forward-looking statements within the meaning of the safe harbor clause of
the Private Securities Litigation Reform Act of 1995. The company makes these
statements based upon information available to it as of the date of this release
and assumes no responsibility to update or revise such forward-looking
statements. Editors and investors are cautioned that such forward-looking
statements invoke risks and uncertainties that may cause the company's actual
results to differ materially from such forward-looking statements. Such risks
and uncertainties include without limitation the company's ability to obtain
adequate financing to implement its business plan, its ability to develop its
market both domestically and abroad, general economic conditions, and other
factors more fully described in the company's periodic filings with the
Securities and Exchange Commission.
Exhibit A