Reduction of Outstanding Common Stock

NEW YORK, NY / ACCESSWIRE / March 26, 2024 / Publicly-held Natural Harmony Foods Inc. (OTC PINK:NHYF) (the Company), wishes to announce that with the approval of the Circuit Court of Broward County, Florida the board of the Company has resolved to cancel 98,641,685 of its common stock.

As a consequence, the company's outstanding common stock has been reduced from 407,138,196 to 309,496,511. This action is in accordance with the company's strategy of optimising its capital structure and enhancing shareholder value.

The cancellation was overseen by Mr Benjamin Berry, former CEO and court-appointed custodian who said:

"I am pleased to announce the successful conclusion of my role as custodian of NHYF. I have instructed my attorney to formally discharge the custodianship. Furthermore, I am optimistic about the future for NHYF shareholders. I have full confidence in the new CEO Mr Claudio Solitario and his capacity to drive performance and value for the company's shareholders. I wish him every success in his endeavours".

Mr Solitario expressed his gratitude for Mr Berry's efforts and shared his vision for the company's future:

"I want to express my appreciation to Mr Berry for his service as custodian of NHYF. I am very grateful for his contribution to the company".

"I am excited about the potential of NHYF and confident in our ability to capitalise on market trends and consumer preferences. We are committed to expanding our product offerings and exploring new market opportunities, whilst ensuring operational efficiencies. Together with our talented team we are prioritising revenue generation, innovation, and sustainability to position the company for long term success. We look forward to providing further details in the coming weeks".

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About Natural Harmony Foods, Inc.

Natural Harmony Foods Inc. (NHYF) aims to enhance patient outcomes and reduce healthcare costs by developing cutting-edge AI-powered methods to aid in the diagnosis of medical conditions. These methods enable early, accurate screening, contributing to quicker and more effective treatment. NHYF focuses on developing AI-based screening techniques for medical conditions, capitalizing on the growing role of AI in clinical practice. Additionally, NHYF acknowledges the thriving nutraceutical market's potential and plans to enter it for early revenue, benefiting from the growing emphasis on natural approaches and the demand for dietary supplements that offer potential health benefits beyond basic nutrition. The Company's nutraceutical formulas are scientifically designed to nutritionally support the body's inherent abilities to positively respond to health conditions and will address the needs of the great many people who are searching for natural remedies for their health and wellness. The demand for nutraceuticals continues to expand, creating a dynamic landscape for NHYF's nutraceutical businesses to flourish.