USA: Jeremy’s Microbatch Ice Creams to discontinue operations

Jeremy's MicroBatch® Ice Creams (NASDAQ: JMIC; BSE: JMI) announced today that it will discontinue operations and liquidate its assets to maximize value. Joe Phillips, former President, is being retained to wind-down the operations and to liquidate the assets under a plan to be presented to the Board of Directors. The Company will entertain proposals to maximize the value of the brand name and of the overall Corporate entity, including the possibilities of licensing, entering into other contractual relationships or selling or otherwise disposing of general intangibles, trademarks and the like.