Rule 424(b)(3)
Registration No. 333-44948
International Fast Food Corporation
INTERNATIONAL FAST FOOD CORPORATION
SUPPLEMENT NO. 1 DATED NOVEMBER 30, 2000
TO PROSPECTUS DATED SEPTEMBER 12, 2000
This prospectus supplement should be read in conjunction with, and
may not be delivered or utilized without, the prospectus dated September 12,
2000, including any amendments or supplements thereto. Both documents contain
information you should consider when making your investment decision. The
prospectus of International Fast Food Corporation dated September 12, 2000,
relating to our common stock, $.01 par value per share and our Series B
Convertible Preferred Stock is hereby supplemented as follows:
RECENT DEVELOPMENTS
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On September 29, 2000, we effected a 1-for-100 reverse stock split of
our authorized and issued outstanding shares of common stock. As a result of the
reverse stock split, the selling shareholders are offering up to 46,436 shares
of new common stock under the prospectus and this prospectus supplement and the
conversion price of our Series B Convertible Preferred Stock has been adjusted
to $66.00 per share, based upon the liquidation value of each Series B Preferred
Stock.
On November 6, 2000, our 11% Convertible Senior Subordinated Discount
Notes due 2007 were automatically converted into shares our common stock based
upon the terms of the Indenture governing the such Notes. The Notes were
converted into the right to receive that number of shares of our common stock
equal to the principal amount at maturity of the Notes held by a holder, divided
by a conversion price of $70.00 per share of common stock. On November 16, 2000,
we received notice from the trustee under the Indenture that one of the holders
of such Notes believes that the mandatory conversion of the Notes is in
violation of the terms of the Indenture. While we believe that the mandatory
conversion was in accordance with the terms of the Indenture, we may be subject
to litigation to resolve this dispute.
The date of this Prospectus Supplement is November 30, 2000.
