Barrington Foods International (OTCBB:EBAI) finalized the acquisition of JSCO, a Utah Corporation producing labels, packaging supplies and equipment for a number of prominent manufacturing companies in California, Idaho, Montana and Utah.
JSCO has been actively in production eight years. Revenues have increased at the rate of about 10% per year. For the current year, they are on track for approximately $400,000. Sales for the year 2000 were about $320,000; 1999, $260,000 and 1998 $235,000. The company has expertise in specialty product printing plastic film from one to nine colors.
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Jeff Stokes, forty years of age with 23 years experience, said, “I am looking forward to being a part of Barrington with whom sales for the JSCO division will likely reach the million dollar mark in the year 2002.” JSCO should account for about 5% of total sales.
The acquisition of JSCO will enable Barrington to achieve significant cost savings in packaging as well as providing necessary equipment and expertise.
Barrington Foods CEO Rendall Williams will be a guest on “Not For Widows and Orphans,” a financial radio show at 10:00 hrs edt., and 7:00 hrs pdt., Sunday evening.
Safe Harbor Forward-Looking Statements
Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the company’s actual results in future periods to differ materially from forecasted results. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, the ability to successfully complete additional financings and other risks.
