USA: Food Technology Service, Inc. announces record revenues
Food Technology Service, Inc. (Nasdaq:VIFL) on Friday, announced a 284% increase in revenues for the nine months ended September 30, 2000. Total revenues for the period were $948,156 vs. $246,671, a record for the company. The increases are in consumer goods, packaging materials, beef, and poultry. The company anticipates forth quarter revenues to continue strong and finish the year with record revenues. "As we look forward to the year 2001 we expect our strategic partnerships with MDS Nordion, and food companies, such as Colorado Boxed Beef, Hormel and Hillandale Farms, will position us well to provide safer food products for the consumer," said Pete Ellis, President & CEO of Food Technology Service. Hormel Foods Corporation was the grand prize winner of irradiation services at the recent American Meat Institute Convention in Las Vegas. "We are excited about the opportunity to test irradiation with MDS Nordion and Food Technology Service," said Gary Ray, executive vice president of refrigerated foods, Hormel Foods Corporation. "Food safety is a top priority at Hormel and we are continually evaluating how, through new technology, we can provide the safest product to our customers." Food Technology Service, the country's most experienced commercial food irradiation company, is dedicated to preventing food-borne illness by working with the public health community and industry in a concerted, strategic effort to educate consumers about irradiation's role in food safety. Food Technology Service conducts ongoing testing and irradiation for major meat and poultry processors.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- Analysis: Post discusses rationale for Weetabix
- Interview: Sir Kensington's on sale to Unilever
- US food next wave on display at Winter Fancy Food
- Who will buy Danone's Stonyfield business?
- Column: Why snacking is the new meal
- Unilever buys US condiments maker Sir Kensington's
- Ice cream helps Unilever sales, food flat
- Nestle organic growth slows but beats expectations
- Suntory to offload Australia, New Zealand foods
- Post: Weetabix "opens up M&A opportunities"