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Showing 20 results out of 10000
News

USA: Logisoft and Montana Mills Forge E-Retail Partnership

Logisoft (OTC Bulletin Board: LGST - news) and Montana Mills Bread Co., today announced a revenue-sharing e-retailing partnership designed to expand the specialty bread baker's early sales success on the Internet. In exchange for building, marketing and maintaining a more sophisticated e-commerce website, Logisoft will profit from a percentage of future sales transacted online.

28 Jul 2000
News

USA: Tucker Anthony Initiates Coverage of Galaxy Foods Company

Tucker Anthony today announced that it has initiated coverage of Galaxy Foods Company, a manufacturer and marketer of healthy dairy alternatives. Senior analyst Carole Buyers gives Galaxy stock (NASDAQ:GXY - news) a top rating of Strong Buy and has set a 12-month price target of $7. Galaxy is the latest addition to Tucker Anthony's expanding Healthy Lifestyles equity research coverage list. Based in Orlando, Florida, Galaxy's 85% market share of the small but rapidly growing alternative cheese market has set the stage for future expansion. "Galaxy's strategy, which involves increasing its penetration in the conventional grocery channel and realizing untapped foodservice opportunities, has the potential to expand the business ten-fold," said Ms. Buyers. In introducing a 12-month price target of $7, Ms. Buyers points out that the company is currently trading at a discount to its peer group. "Given that Galaxy is one of the faster growing companies in natural/organic food and beverage, we believe shares should trade at a slight premium to its peers, and thus our price target of $7. Further, the prospect of an acquisition by a conventional packaged food company could provide upside to our price target. Our implied acquisition valuation suggests a takeout price of $9-$11 per share."

28 Jul 2000
News

USA: Nestle SA Selects SunGard's Quantum Treasury System

Food, coffee and confectionery giant Nestle SA and SunGard Treasury Systems today announced that Nestle has selected SunGard's Quantum Treasury System for the management and control functions of its Treasury operations, based in Vevey, Switzerland. Nestle SA chose Quantum to handle its foreign exchange, interest rate and derivative products and for its sophisticated risk and cash management functions.

28 Jul 2000
News

USA: Meals.com Announces Alliance With Third Internet Company

Meals.com Inc., a subsidiary of Coinstar Inc. (Nasdaq:CSTR - news), today announced a partnership agreement with Mom.com, a Web site dedicated to helping busy moms. Under the agreement, Meals.com will supply recipe and meal planning tools to the site, found at www.mom.com

28 Jul 2000
News

USA: Kellogg Company Increases Dividend to $.2475 Per Share

Kellogg Company (NYSE: K - news) today declared a dividend $.2525 per share on the common stock of the company, an increase of $.0075 over the previous dividend of $.245 per share. The dividend is payable September 15, 2000, to share owners of record at the close of business on August 31, 2000.

28 Jul 2000
News

USA: Kellogg Continues on Path to Consistent Growth With Second Quarter Increases in Operating Profit, Net Earnings, And Earnings Per Share, Excluding Charges

Kellogg Company (NYSE: K - news) continued to build a record of growth during the second quarter of 2000. Excluding charges, Kellogg's operating profit was $279.9 million, up 3.2 percent from last year's $271.3 million; net earnings were $165.6 million, up 7.4 percent from last year's $154.2 million; and earnings per share were $.41, up 7.9 percent from last year's $.38.Net sales rose 0.9 percent to $1.80 billion, compared to $1.78 billion last year. Excluding acquisitions, divestitures, and the negative impact of foreign exchange rates, net sales were up 3.1 percent."This marks our fifth consecutive quarter of year-over-year growth in operating profit, net earnings, and earnings per share, excluding charges, and we will continue building on that record," said Carlos M. Gutierrez, Kellogg Company chairman of the board and chief executive officer."In the U.S. cereal business, we continued the market share recovery that began in the first quarter," Gutierrez said, noting that Kellogg's U.S. retail cereal volume grew 4.7 percent in a soft category during the second quarter. Gutierrez said that while Kellogg's U.S. convenience foods growth slowed in the quarter due to a difficult comparison with 1999, the company expects this business to return to better growth behind the execution of new-product and marketing programs in the second half of the year.Other highlights from the second quarter:

28 Jul 2000
News

USA: Food Technology Service, Hillandale Farms Announce Agreement to Irradiate Fresh Shell Eggs

The recent announcement by the U.S. Food and Drug Administration (FDA) to allow the use of ionizing energy for the removal of Salmonella in fresh shell eggs has prompted two Florida companies to announce a sales and marketing agreement. Hillandale Farms today announced an exclusive agreement with Food Technology Service (Nasdaq:VIFL - news) to develop and market irradiated shell eggs. "We are pleased to enter this new phase of food safety with Food Technology Service, a leader in food safety," said John Hammond, Executive Vice President of Hillandale Farms. "This latest FDA approval expands the line of food products we can make safer, which ultimately benefits the American consumers," said Pete Ellis, President & CEO of Food Technology Service. Hillandale selected Food Technology's gamma irradiation facility because of its ability to process shell eggs by the pallet load. "This ensures fast turnaround and a fresher product," said Hammond. "By allowing Food Technology to provide irradiation as a contract service, we are able to concentrate on sales and marketing without major capital expenditures." Food Technology Service was the first dedicated commercial food irradiator in the nation and currently irradiates ground beef, poultry, spices, fruits and vegetables, the food consumed in space by NASA astronauts, and now fresh shell eggs, for retail and foodservice customers. As the country's most experienced commercial food irradiation company, Food Technology Service 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.

28 Jul 2000
News

FRANCE: Current Discussions Between DANONE Group and Yakult Honsha Co, Ltd Come to an End

As announced on April 13th, Yakult Honsha Co., Ltd (Japan) and DANONE Group (NYSE: DA - news; France) and their respective Chairman have explored the possibility of entering into an alliance in the area of probiotics.Collaboration opportunities such as exchange of R&D, cooperation in sourcing and distribution as well as cross shareholdings have been discussed in details. Both companies have however mutually agreed to terminate current discussions, as a result of disagreements regarding the possible scope of the alliance.Both companies will continue executing their own strategy with the objective of further contributing to the promotion of health and well being of people around the world.

28 Jul 2000
News

UK: Cheshire farmers scoop Iceland's organic ice cream

Iceland pledged to make its entire ice cream range organic within the next 12 months and announced that a Cheshire farm has scooped the contract to supply its own label range of standard organic ice cream tubs. With effect from this month, all Iceland's own-label standard ice cream tubs have been converted to organic.

28 Jul 2000
Features

Kitchen - what kitchen?

According to the report, 33 per cent of women in the UK agree that cooking and preparing food is too time-consuming. The ready-meals market in the UK is now worth £786m a year and is growing at a rapid rate. The report predicts that kitchens in the home may become a thing of the past, or worse, people will simply no longer know how to cook.

30 Jul 2000
News

USA: Heinz Appoints David Williams President of Heinz Europe; Richard Wamhoff to Become EVP Heinz Asia/Pacific

H. J. Heinz Company (NYSE: HNZ - news) today announced that David R. Williams (57) has been appointed President and CEO of Heinz Europe, effective immediately. He will replace A. G. Malcolm Ritchie (46) who has agreed to become the Chairman and CEO of United Biscuits in the UK. Richard Wamhoff (55), Executive Vice President-Global Manufacturing/Supply Chain, will become Executive Vice President- Heinz Asia/Pacific, replacing Mr.

31 Jul 2000
News

USA: Plans for New Soybean Facility Still on Track for Cenex Harvest States

Cenex Harvest States remains committed to construction of a new soybean crushing facility in Fairmont, Minn., as part of the cooperative's overall mission to bring value to its farmer-owners and member co-ops."We own the land and we've been methodically going through the appropriate process of permitting and due diligence," explained Mark Palmquist, executive vice president and chief operating officer, Cenex Harvest States. "However, with tighter and tighter crushing margins recently, we simply haven't felt it was prudent to move too quickly. The last thing we would want to do is add stress to the industry with over-capacity."The cooperative continues to monitor the crushing industry as it moves toward the decision to break ground this fall or next spring.Cenex Harvest States, the largest U.S. grain cooperative, currently has a defined business unit program for oilseed producers where members have invested in the cooperative's soybean processing and refining operations. In its first two years of operation, this program has paid dividends to investors based on a calculation of bushels delivered by the individual producer-investor. Cenex Harvest States (

31 Jul 2000
News

USA: Community Food Service (CFS) Model and CFS Kits Being Developed by Needful Provision, Inc. (NPI) With Help From NextPath Technologies, Inc.

As a 501(c)(3) charity, Needful Provision, Inc. (NPI) has expanded research, development, demonstration and education efforts related to self-help and self-sufficiency technologies with emphasis on Community Food Security (CFS) and associated income producing micro-enterprises. NPI seeks to aid poor and disadvantaged populations worldwide without discrimination.

31 Jul 2000
News

USA: Olympic Sandwich Making Team Arrives in Boston

Togo's sandwich shops is gearing up for Monday's Free Barbecue Chicken Sandwich giveaway by flying in its fastest sandwich making team from California. Included in the Sandwich Making Olympic Team is Della Rochelle, 21, who won honors as the National Sandwich Making Champion, beating out competitors with the fastest overall sandwich making time. Togo's has also been preparing for their first ever FREE Lunch by loading up on 1,575 extra loaves of their famous bread, 1,600 pounds of chicken and 1,500 pounds of fresh lettuce, tomatoes and onions.On Monday, July 31 from 11 a.m. to 3 p.m., Togo's is giving away FREE Barbecue Chicken Sandwiches at every location throughout Massachusetts and Rhode Island. Togo's will offer a Free Savory Barbecue Chicken Sandwich for all customers on Monday, July 31 from 11 a.m. to 3 p.m.You'll find Togo's Free sandwiches at: 52 Church Road in Belmont78 Drum Hill Road in Chelmsford1886 Revere Beach Parkway in Everett2117 Washington Street in Hanover538 Main Street in Winchester621 Metacom Avenue in Warren, RITogo's is Boston's newest sandwich shop. It's celebrating its residence in New England by giving away FREE sandwiches at all its Massachusetts and Rhode Island stores. 2000 has already been a banner year for Togo's, a California favorite for over 25 years, and this is Togo's way of saying "Thank You New England."Contact: Jan Hunter 617-338-5055 or Emily Haggman 978-525-3742

31 Jul 2000
News

USA: Steakhouse Partners, Inc. Announces Q2 Results

Steakhouse Partners, Inc. (Nasdaq: SIZL - news), today reported financial results for the twelve weeks ended June 13, 2000. It also announced that its wholly owned subsidiary Paragon Steakhouse Restaurants, Inc. continues to experience solid earnings growth along with other financial improvements.Q2 2000 consolidated net income (before one-time charges) of $0.2 million for the twelve weeks ended June 13, 2000 up from a loss of

31 Jul 2000
News

USA: efoodmanager Launches B2B Marketplace for the Global Food Industry

efoodmanager today launched its marketplace for the global food industry -- www.efoodmanager.com .With 900 companies already registered for the Open Market including retail groups, manufacturers and traders such as Deutsche See, LeShop, Furic Maree and Andretta -- and 500 companies trading on existing Company Marketplaces -- efoodmanager is further developing its position of leadership in the European food industry.

31 Jul 2000
News

USA: Statement By Sizzler, USA

Sizzler USA learned today that one of the children who fell ill from an outbreak of E-coli in Milwaukee has died. Sizzler USA Chief Executive Officer, Thomas E. Metzger, in Milwaukee assisting with the investigation in to the cause of the outbreak, has expressed profound sympathy and the heartfelt condolences of the Sizzler USA family.Mr. Metzger has also indicated that Sizzler USA resources and additional assistance will be provided in order that this child's life be memorialized.

31 Jul 2000
News

USA: Statement by Sizzler Headquarters

Sizzler USA was contacted earlier this week by the Milwaukee-based operator of an independent Sizzler® restaurant franchise. This operator informed Sizzler USA of the possibility that there had been an outbreak of E.coli infection at one Milwaukee restaurant. Although this outbreak was isolated to the Milwaukee restaurant location, Sizzler USA Chief Executive Officer Thomas E. Metzger traveled to Milwaukee to help with the outbreak investigation.With over 250 restaurants nationwide, Sizzler USA is proud of its system-wide record of integrity, quality and service. Sizzler USA restaurants adhere closely to the U.S. Food and Drug Administration's Hazard Analysis and Critical Control Point (HACCP) guidelines. Sizzler USA is the recipient of numerous industry commendations for cleanliness and sanitation standards.As Milwaukee health officials continue their assessment of the origin and cause of the E.coli occurrence, Sizzler USA is confident that franchise management will cooperate fully. Sizzler USA, which owns and operates 65 Sizzler (R) restaurants in the United States, is also associated with 200 Sizzler franchise restaurants across the country. There have been no other reported cases of food-borne illness at any restaurant in the Sizzler USA network.Sizzler USA is based in Culver City, California and operates 65 company-owned restaurants with 200 Sizzler (R) franchises nationwide.

31 Jul 2000