Cuisine Solutions, Inc. Announces Changes to French Operations
02 Maggio 2008 - 12:00AM
Business Wire
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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