Beks to Show Earnings in the First Year; Beks Food International Projects Earnings of Approximately $0.04 Per Share in 1999.BOYNTON BEACH Boynton Beach, city (1990 pop. 46,194), Palm Beach co., SE Fla., on the Atlantic coast; inc. 1920. A major suburban area, it is also a beach resort and vegetable-shipping point. , Fla.--(BUSINESS WIRE)--Oct. 22, 1998--Beks Food International (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). EBB:BEKF) Thursday announced that the success now assured through the contract signed by Ikka S.A. of San Jose San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Costa Rica Costa Rica (kŏs`tə rē`kə), officially Republic of Costa Rica, republic (2005 est. pop. 4,016,000), 19,575 sq mi (50,700 sq km), Central America. should generate sales that should result in a profit for the company in the early stages of growth. Management stated that at inception we did not expect to be profitable this soon; there is no reason why we cannot expect to show earnings of approximately four cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. next year. The company is presently in negotiations with five additional distributors, some of whom are expected to generate even greater volume for Beks than that of Costa Rica. The negotiations, including distributors as far off as Australia, are anticipated to be completed by then end of this year or early next year. This should give us a banner year, added the senior vice president and developer of the technology. Beks Global interest has stemmed from the demand for high quality yogurt, with lower prices, and most importantly, the ability to store without refrigeration refrigeration, process for drawing heat from substances to lower their temperature, often for purposes of preservation. Refrigeration in its modern, portable form also depends on insulating materials that are thin yet effective. for up to six years, saving retailers and distributors shipping and storage costs, while at the same time providing the customer with the highest yogurt quality flavored with live cultures regenerated shortly before consumption. Certain statements contained are "forward looking" statements within the meaning 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, such as statements relating to financial results and plans for future business development activities, and are thus prospective. Such forward looking statements are subject to risks, uncertainties and other factors which could cause actual results to differ materially from future results expressed or implied by such forward looking statements. Potential risks and uncertainties include, but are not limited to, economic conditions, competition and other uncertainties detailed from time to time in the company's Securities and Exchange filings. |
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