Foodfest International 2000 Inc. (OTCPK:FDFT) seeks acquisitions. Foodfest's Chief Executive Officer, Whitney Wiseman, said, "We continue to be extremely pleased with the continued growth of our day-to-day operations. However, in order to build shareholder value, we understand that we need to seek other avenues of growth.

To that end, we intend to implement an aggressive acquisition strategy, as we believe our industry is ripe for consolidation." Wiseman continued, stating that he believes the company will find an inviting acquisition environment due, in large measure, to the increasing operating costs and regulatory burden currently being experienced by independent operators, costs that he believes can be mitigated through acquisition and operational consolidation.