July 27, 2009 (FinancialWire) — Natural Harmony Foods, Inc. (OTC: NHYF) said that Daniel A. Carr has resigned as a director and the interim CEO and president of the company, and Danny Pate has resigned as a director.

Both parties cited their decision was based due in part to the lack of “full” disclosure by the company’s former president and CEO, Sam Dewar with regards to the company’s overall financial condition and outstanding liabilities, including legal actions against Natural Harmony and other personal reasons.

Dewar has disclosed since his resignation that Natural Harmony Foods is a named Defendant in a $50,000 lawsuit and that a previous judgment against the firm for around $17,000, was adjusted to around $34,000, due to defaults on settlement payments.

The additional financial obligations of the company now brings the total liabilities of Natural Harmony Foods to around $400,000, and could be more with other obligations that have yet to be disclosed or brought to the attention of the company.

In a statement, Natural Harmony Foods said it is “uncertain at this time,” in light of these circumstances, if the company will be able to continue to operate.

Manual Schapiro, Natural Harmony Foods’ sole director, will oversee the continual operations of the company.

Fort Lauderdale, Florida-based Natural Harmony Foods that offers SoLean brand foods, which include high protein blends of lean grounds meat and soy protein.

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