Suprema Specialties, Inc. announces it has entered into an exclusive agreement with the Department of Food Science at Cornell University to use their research and patent for processed mozzarella cheese.
Suprema, in conjunction with Cornell University, is developing a processed mozzarella cheese for commercial distribution that has natural mozzarella cheese characteristics. The new, processed cheese is expected to have a shelf-life of approximately six months. In addition, the processed cheese is expected to stretch, melt and have a flavor profile like natural mozzarella.
Suprema believes it will be the first cheese company to offer the industry a processed cheese that has all the functionalities of natural mozzarella cheese. Currently, the processed cheese market is a $7 billion industry and by 2008 is projected to grow to $9.5 billion.
Mark Cocchiola, President and CEO, said, “We are extremely pleased to have entered into an agreement with Cornell University to utilize their research and patents in our effort to manufacture the first processed mozzarella cheese that has all the characteristics of natural mozzarella cheese. The pizza and pasta industries continue to grow rapidly and we are committed to being ahead of the curve with products that benefits our customers. Today’s consumers demand a premium product that provides maximum flavor, taste and consistency. That is exactly what Suprema is delivering.”
Suprema Specialties, Inc. manufactures, shreds, grates and markets gourmet all natural Italian variety cheeses under the Suprema Di Avellino® brand name as well under private label. Our product lines consist primarily of domestic mozzarella, ricotta and provolone cheeses, grated and shredded parmesan and romano cheeses, and imported parmesan and pecorino romano cheeses, including “lite” versions of certain of these products containing less fat, and fewer calories. The Company operates manufacturing facilities in New Jersey, New York and California. The Company supplies cheeses to retail, foodservice and food manufacturing companies.
For More Information about the Company, Please Visit: www.supremachez.com.
The information provided in this Press Release contains forward-looking statements that involve risks and uncertainties more fully set forth in the Company’s filing. The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for forward-looking statements. Certain information included in this Report contains statements that are forward-looking, such as statements relating to plans for future activities. Such forward-looking information involves important known and unknown risks and uncertainties that could significantly affect actual results, performance or achievements of the Company in the future and, accordingly, such actual results, performance or achievements may materially differ from those expressed or implied in any forward-looking statements made by or on behalf of the Company. These risks and uncertainties include, but are not limited to those relating to the Company’s growth strategy, customer concentration, outstanding indebtedness, seasonality, expansion and other activities of competitors, changes in federal or state laws and the administration of such laws, protection of trademarks and other proprietary rights, and the general condition of the economy and its effect on the securities markets and other risks detailed in the Company’s filings with the Securities and Exchange Commission. The words “believe,” “expect,” “anticipate,” “intend” and “plan” and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date the statement was made. Statements made in this Press Release that are not historical facts are forward looking statements that are subject to the safe harbor created by the Private Securities Litigation Reform Act of 1995. The Company’s actual results could differ significantly from those discussed and/or implied herein.
