Dippy Foods Files 10SB With SEC To Attain Fully Reporting Status; SEC Filing Addresses NASD Eligibility Requirements for Listing on the OTC Bulletin Board

Business Wire, Sept 13, 1999

ANAHEIM, Calif.--(BUSINESS WIRE)--Sept. 13, 1999--

Dippy Foods, Inc., (OTCBB:DPPI), a leading producer of nutritious prepackaged luncheon products for the National School Lunch Program, announced today that all of the necessary documents, which include audited financial statements and the Form 10SB registration statement, have been completed and submitted to the Securities & Exchange Commission as well as the NASD, in preparation of becoming a fully reporting public company trading on the OTC Bulletin Board. These documents are, of course, subject to SEC review and comment. The process to declare the Form 10SB effective should take approximately 60 days.

"Our goal is to provide our shareholders with as much information as possible about our business activities," said Dippy Foods President and CEO Jon Stevenson. "Providing our shareholders with detailed, audited financial data and timely news releases containing information about our business activities and opportunities reaffirms our commitment to increasing value to our shareholders and our commitment to continued growth," added Stevenson.

About Dippy Foods

Dippy Foods, Inc. creates and distributes fresh, nutritious prepackaged lunch products to schools and other institutional food servers. Dippy foods' line of luncheon products, called Dippers, address the issues facing the 94,000 schools serving free or USDA subsidized meals to over 34 million children daily as part of the National School Breakfast and Lunch Program. Three of the Dippers fun-to-eat luncheon products, all of which provide over 50% of the FDA's daily nutritional requirements, are a combination of peanut butter, specially blended fruits and cinnamon sugar corn chips, and the fourth luncheon is a hearty nacho, cheese and salsa combination. These individually, prepackaged meals require no preparation, refrigeration or heating and are served in individual recyclable serving trays. For more information about Dippy Foods' products, visit the Dippy web site at www.dippyfoods.com.