International Yogurt Company Reports First Quarter Sales
PORTLAND, Ore., March 13, 1998 /PRNewswire/ -- International Yogurt Company, (NASDAQ:YOCM) Portland manufacturer and wholesaler of YOCREAM(R) frozen desserts and snacks, reported sales of $1,613,935 for its first fiscal quarter ending January 31, 1998 up 7% compared to the corresponding quarter in 1997 The Company attributed the sales growth to expansion of its private label, foodservice and international business. The Company historically incurs a net loss during the winter months. This year's first quarter loss of $54,428 represented a 45% improvement compared with $98,646 in 1997. The improved results in the first quarter reflect a continuation of the favorable upward trends for the Company. The Company also announced that its line of fruit smoothies will be introduced throughout the Coffee People chain in March of this year. Coffee People and YOCREAM(R) personnel collaborated on unique recipes for this healthy and zestful beverage that is being utilized by many consumers as a breakfast or lunch substitute. The YOCREAM(R) line of fruit smoothies, adaptable to both blender and dispenser operation, is presently being test marketed by other national food operators. "The feedback has been phenomenal," stated Michael Sheridan, director of foodservice sales. "We expect some major hits from this product soon. Maybe even some home runs." 1st Quarter, January 31 1998 1997 Revenues $1,613,935 $1,508,113 Net Loss (54,428) (98,646) Basic Loss Per Share (.02) (.04)SOURCE YOCREAM International, Inc.
Web Site: http://www.yocream.com
For more information, contact Terry Lusetti, YoCream Investor Relations, 503-256-3754