Cuisine Solutions, Inc. (AMEX:FZN), a leading premium, fully-cooked, frozen food manufacturer, today announced that the Company has taken decisive steps to decrease the overhead and staff of its French operations. The Company also announced that it intends to take a third quarter charge in general and administrative expense of approximately $590,000. The expense is primarily related to the associated costs of laying off 9 employees in France, including the general manager and sales director. Company executives are meeting regularly with the French operations team to streamline production costs, improve margins and enhance marketing. No further staff cuts are anticipated. About Cuisine Solutions, Inc.: Cuisine Solutions utilizes the sous-vide technology and methods, which means that the products are vacuum sealed and then slowly cooked in water at very low temperatures. The sous-vide technology involves knowing the precise time and temperature that food changes molecular structure during cooking. This enables Cuisine Solutions to cook the food for optimum taste, color, and texture while also pasteurizing. Since the products are immediately flash-frozen, there is no need for preservatives in the product and most of the Cuisine Solutions products have a guaranteed 18 month shelf life. For more information, visit www.cuisinesolutions.com. This press release may include statements that may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements with regard to the future performance of the Company and the closing of any transaction. Words such as "may," "will," "believes," "anticipates," "intends," "expects," "projects," "estimates" and "future" or similar expressions are intended to identify forward-looking statements. These forward-looking statements inherently involve certain risks and uncertainties, although they are based on the Company's current plans, expectations and beliefs that are believed to be reasonable as of the date of this press release. Factors that may cause the Company's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements include, among others, those factors listed under the caption "Risk Factors" of the Company's Annual Report on Form 10-K for the year ended June 30, 2007, as filed with the SEC on September 21, 2007 and in the Company�s Form 10-Q for the quarter ended December 15, 2007 filed with the SEC on January 23, 2008. The risk factors set forth in the Form 10-K and the Form 10-Q under the caption "Risk Factors" are specifically incorporated by reference into this press release. Among these risks and uncertainties are the Company's assumptions related to the performance of certain aspects of its business upon which its future financial results may be materially reliant, including, without limitation, projected sales generated by its military, retail, onboard services, food service and national restaurant chain channels, changes in product mix and corresponding changes in average unit price and production efficiencies, and costs related to new facilities and other expenditures incident to plans to future growth. Material changes in any of these or other financial factors may cause actual results to differ materially from any projections made herein. All forward-looking statements are based on current plans, expectations and beliefs and speak only as of the date of such statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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Da Giu 2023 a Giu 2024 Clicca qui per i Grafici di Cuisine Solutions