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Mach One Corporation Enters Letter of Intent
Date:9/29/2008

WEST BEND, Wis., Sept. 29 /PRNewswire-FirstCall/ -- Mach One Corporation (Pink sheets: MNCN) ("Purchaser" or the "Company"), announced today that it has entered into a non-binding letter of intent dated September 26, 2008 related to a proposed transaction with Pacific Rim Foods (the "Seller" or "PRF") to acquire all of the outstanding common shares of the Seller.

The proposed transaction is subject to satisfactory completion of due diligence by the Purchaser, the execution of a definitive agreement and the approval of both the board of directors and the shareholders of Seller.

The non-binding terms of the letter of intent provide that all shareholders of Seller would receive shares of the Purchaser in exchange for 100% of their shares of PRF.

There can be no assurance that any definitive agreement will be entered into, that any proposed transaction will be approved by the shareholders of PRF or that any transaction will be completed as a result of the execution of the letter of intent.

Monte Tobin, CEO of Mach One Corporation commented, "This proposed acquisition of Pacific Rim Foods will not only give Mach One high-level access into the China market through Pacific Rim's presence there, it will also bring a tremendous boost to our financial position with the addition of their liquid assets held both as cash and as securities in other publicly traded companies. We are also excited that Pacific Rim's CEO Tad Ballantyne will also become an integral part of our management team."

Commenting on the proposed acquisition Tad Ballantyne, CEO of Pacific Rim Foods, said, "We are very pleased to have reached a preliminary understanding with Mach One for a transaction that will benefit our shareholders. The combined companies would constitute a much more significant force in Mach One's market, and have a strong foundation for continued organic and strategic growth." Diversification in commodities such as milk, corn and oil as well was t
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SOURCE Mach One Corporation
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