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Artisanal Premium Cheese Announces $2.3 Million in Revenues and Positive EBITDA For the Third Quarter.


Appoints New Board Members

NEW YORK New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 -- American Home For the American mortgage lender, see .
The American Home is a center of intercultural exchange located in Vladimir, Russia. The home is designed to model a typical American suburban home and its main focus is the ESL school that provides lessons for Russian students.
 Food Products (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:AHFP AHFP Associate Human Factors Professional
AHFP Army Health Fitness Program (US Army) 
), currently doing business as Artisanal Premium Cheese, today announced results for the third quarter ended February 29, 2008 and announced that it has appointed five new board members.

Third Quarter Results

Artisanal reported record revenues totaling $2.3 million for the three month period. The company reported a net loss applicable to common shares of $138,458, or $0.00 per share based on 6,927,649 weighted average shares outstanding. Earnings before interest, taxes, depreciation and amortization Earnings before interest, taxes, depreciation and amortization (EBITDA) is a non-GAAP metric that can be used to evaluate a company's profitability.
:EBITDA = Operating Revenue – Operating Expenses + Other Revenue
 (EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become ) totaled $91,000 for the quarter.

Daniel W. Dowe, President and Chief Executive Officer commented: "We are pleased with our record results for the quarter, which reflect continued progress building a new luxury brand in the specialty cheese category. We are in a multi-billion dollar category growing five times faster than the broader cheese category. Artisanal is experiencing increased brand recognition with consumers, restaurants and partners alike, and our strong holiday season was bolstered by demand generated from partners such as Williams-Sonoma, Neiman-Marcus and Dean & Deluca, as well as increasing orders by consumers from our web site."

New Board of Directors

Pursuant to the Company's bylaws The rules and regulations enacted by an association or a corporation to provide a framework for its operation and management.

Bylaws may specify the qualifications, rights, and liabilities of membership, and the powers, duties, and grounds for the dissolution of an
, John G. Nesbett, Thomas J. Thornton, Carl T. Wolf Jeffrey P. Roberts and Alfred Lepore have been appointed to Artisanal's Board of Directors by the Company's current directors, Keith DeMatteis, William K. Lavin and Daniel W. Dowe.

Mr. Dowe commented: "We are very pleased that these five gentlemen have agreed to serve on our Board of Directors. Together they bring many years of high level experience and expertise from a wide range of industries including specialty foods, restaurants, luxury brands, finance, retailing and marketing and communications. I am confident that each of them will contribute a unique skill set that will be of tremendous value in the growth and development of Artisanal as we work to build a new luxury brand in the specialty cheese category."

Kevin DeMatteis is a principal of the DeMatteis Development Organization, a developer of large-scale real estate projects in the United States and internationally. He has been a Director of the Company and a substantial shareholder since January 2001. Mr. DeMatteis and his family have built significant residential, commercial and government buildings around the world and were original shareholders of The Home Depot.

William K. Lavin has been a Director of the Company since October 1997 and currently owns a consulting business that he founded in 1994. Before establishing his own firm, he served as Chief Executive Officer of Woolworth Corporation. Prior to that appointment, he served as Woolworth's Chief Administrative Officer A chief administrative officer (CAO) is responsible for administrative management of private, public or governmental corporations. The CAO is one of the highest ranking members of an organization, managing daily operations and usually reporting directly to the chief executive  and Financial Officer. Mr. Lavin also serves on the board of directors of the Allegheny Corporation (NYSE NYSE

See: New York Stock Exchange
:Y).

John G. Nesbett is Founder and President of Institutional Marketing Services, Inc. (IMS (1) See IP Multimedia Subsystem.

(2) (Information Management System) An early IBM hierarchical DBMS for IBM mainframes. IMS was widely implemented throughout the 1970s under MVS and continues to be used under z/OS.
), a financial communications firm focused on emerging growth companies. Prior to founding IMS, he was President of The Investor Relations Investor relations

The process by which the corporation communicates with its investors.
 Group and before that he was Managing Director at Lippert/Heilshorn & Associates.

Thomas J. Thornton most recently served as the Chief Executive Officer of Dean & DeLuca, the specialty food store. During his tenure, he oversaw its expansion and was instrumental in raising public awareness of the brand by launching the Company's first catalog and expanding Dean & DeLuca's private label initiative. Prior to that assignment, Mr. Thornton was CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of Carmine's, a South Florida Specialty Food and Restaurant Chain. Before that, he served as CEO of Orchard Supply Hardware, a hardware supply chain. Mr. Thornton has served as a consultant to Lindt Chocolate, Godiva, Junior's and Fauchon.

Carl T. Wolf founded Alpine Lace Brands, Inc. (formerly NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
: LACE) in 1983 and served as the company's Chairman and CEO until 1997. Alpine Lace nutritional cheese and meat products became America's leading brand in supermarkets, delicatessens, club stores and food service markets and was subsequently sold to Land O' Lakes. He founded and is currently the General Manager of Lakota Holdings, LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
, a private investment vehicle. Mr. Wolf is also currently a principal investor in Hors D'oeuvres Unlimited which manufactures and supplies high quality appetizers and gourmet food products to caterers, hotels national manufacturers and distributors. Additionally, he is Chairman of the Board and Founder of Conduit Internet Technologies, a software firm with products geared to mid-sized construction and manufacturing companies.

Alfred Lepore, until his recent retirement, was the owner and president of the Ferrara Pastry Company and several leading brands in the specialty food and bakery industries. Concurrent with his work with the Ferrara brands, for 16 years he served as President of the National Association of Specialty Food Producers and has had involvement marketing international and domestic specialty food brands throughout his career.

Jeffrey Roberts is a leading authority on American Artisan Cheeses and is the author of The Atlas of American Artisan Cheese, a leading book on the subject. Mr. Roberts helped establish the Vermont Institute for Artisan Cheese at the University of Vermont. He is a national director with Slow Food USA.

About Artisanal Premium Cheese

In August 2007 American Home Food Products, Inc. acquired 100% of the ownership interests in Artisanal Premium Cheese. The Company operates in the specialty cheese market in the United States. The company markets and distributes a line of specialty, artisanal and farmstead cheese products, as well as other related specialty food products under its own brand to food wholesalers and retailers, as well as directly to consumers through its catalogue and Web site, artisanalcheese.com. American Home Food Products, Inc. is based in New York, New York.

Safe Harbor Safe Harbor

1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.

2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive.
 Statement:

Forward-looking statements made in this press release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995. Forward-looking statements are based on current management expectations that involve risks and uncertainties that may result in such expectations not being realized. Potential risks and uncertainties include, but are not limited to, the risks described in Company filings made with the Securities and Exchange Commission.
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Copyright 2008 Gale, Cengage Learning. All rights reserved.

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Publication:Business Wire
Date:Apr 15, 2008
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