Food Technology Service, Inc. (VIFL) - 500 Beiträge pro Seite

[panik]

Profile:Food Technology Service, Inc. engages in the ownership and operation of irradiation facility located in Mulberry, Florida. Its irradiation facility uses gamma radiation produced by Cobalt 60 to extend the shelf life of and/or disinfect fruits, vegetables, and meat products; and for the sterilization of medical, surgical, pharmaceutical, and packaging materials. The company provides contract sterilization services to the medical device, food, and consumer goods industries. In addition, the company irradiates packaging, cosmetic ingredients, horticultural items, and consumer goods. Food Technology Service was founded in 1985 and is based in Mulberry, Florida.
http://www.foodtechservice.com/

[panik]

Food Technology Service, Inc. Reports Earnings
Wednesday March 29, 2:13 pm ET


MULBERRY, Fla.--(BUSINESS WIRE)--March 29, 2006--Food Technology Service, Inc. (NASDAQ:VIFL - News) today announced results for the fiscal year ending December 31, 2005 and for the fourth quarter of 2005. The Company had revenues of $1,703,556 in 2005. This is an increase of 29% over 2004 revenue of $1,318,268. The Company had a profit of $138,849 in 2005 compared to a loss of ($105,731) in 2004. During the fourth quarter of 2005, the Company had revenues of $458,280 and a profit of $34,087. This compares to revenues of $350,471 and a loss of ($757) during the fourth quarter of 2004. Revenues increased by about 30% in the fourth quarter of 2005 compared to the same period in 2004.
ADVERTISEMENT


Food Technology Service, Inc. CEO Dr. Richard Hunter said, "I am very pleased by our revenue growth and the fact that those revenues represent base customers who require our services as a recurring part of their production process. During 2005, the Company hired a full-time quality assurance director, achieved certification to ISO standards, installed a new dosimetry system and signed a contract to construct a new warehouse. These improvements, coupled with the installation of additional Cobalt in early 2006, will allow us to attract additional customers." "Revenue from base customers grew by about $450,000 in 2004 and $385,000 in 2005 and although there is no assurance, I expect a similar increase in 2006," said Hunter.

Food Technology Service, Inc. provides irradiation services for food items, medical products and consumer goods to enhance the safety of those products. The Company is certified to ISO 13485:2003 standards for the provision of radiation sterilization services for medical devices.

Except for historical matters contained herein, the matters discussed in this press release are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect assumptions and involve risk and uncertainties that may affect business and prospects and cause actual results to differ materially from these forward-looking statements.



Contact:
Food Technology Service, Inc., Mulberry
Richard G. Hunter, 863-425-0039
http://www.ftsi.us

--------------------------------------------------------------------------------
Source: Food Technology Service, Inc.

[scopus]