CoolBrands International, Inc. (formerly Yogen Fruz World-Wide Incorporated) (TSE: YF.A - news) today reported net earnings for the quarter ending May 31, 2000 of $1,412,000 or $0.03 per share, as compared to net earnings for the same period of the prior year of $723,000 or $0.02 per share. Earnings before income taxes for the third quarter of fiscal 2000 were $2,112,000, as compared to $161,000 for the same period of the prior year.