Corporate Profile for Galaxy Foods Company, Dated Aug. 27, 1999.--(BUSINESS WIRE)-- The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: Aug. 27, 1999
Company Name: Galaxy Foods Company
Address: 2441 Viscount Row
Orlando, FL 32809
Main Telephone
Number: 407/855-5500
Internet Home
Page Address
(URL) www.galaxyfoods.com
Chief Executive
Officer: Angelo S. Morini
Chief Financial
Officer: Cynthia L. Hunter
Investor Relations
Contact: Tracy L. Rushwin
Business number: 407/855-5500
E-mail address: trushwin@galaxyfoods.com
Industry: Healthy dairy related alternatives
Trading Symbol/
Exchange: GALX
Market Makers: Knight; Mayer & Schweitzer; Sherwood; Wien
Company description: Galaxy Foods Company (Nasdaq:GALX) is a manufacturer of healthy plant-based dairy alternatives for the retail, foodservice The foodservice (or food service) industry (US English; catering industry in British English) encompasses those places, institutions, and companies responsible for any meal eaten away from home. and industrial markets. In fact, Galaxy is widely recognized as a pioneer in the Nutraceutical nu·tra·ceu·ti·cal n. A food or naturally occurring food supplement thought to have a beneficial effect on human health. nutraceutical , or Functional Foods category; a category that is now regarded as the future of food for the new millenium. This belief and affirmation A solemn and formal declaration of the truth of a statement, such as an Affidavit or the actual or prospective testimony of a witness or a party that takes the place of an oath. An affirmation is also used when a person cannot take an oath because of religious convictions. that certain foods have therapeutic or health-promoting components is the foundation upon which Angelo S Angelo externally austere but inwardly violent. [Br. Lit.: Measure for Measure] See : Hypocrisy Angelo asked by Isabella to cancel her brother’s death sentence, Angelo agrees if she will yield herself to him. [Br. . Morini The Morini were a Belgic tribe in the time of the Roman Empire. We know little about their language but one of their cities, Boulogne-sur-Mer was called Bononia by Zosimus and Bonen in the Middle Ages. , the companyFs founder and president, built Galaxy. For the fiscal year ended March 30, 1999, the Company reported net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight of $29,790,025, a 45% increase over sales of $20,552,782 for the fiscal year ended March 31, 1998. The Company also reported a record of $1,351,367 in net income before taxes and $1,291,367 in net income after taxes, or $.14 per share. The net income figures represent year over year growth of 242% over net income of $377,523, in the prior year, and 250% over EPS (Encapsulated PostScript) A PostScript file format used to transfer a graphic image between applications and platforms. EPS files contain PostScript code as well as an optional preview image in TIFF, WMF, PICT or EPSI, the latter being an ASCII-only format. of $.04 reported for fiscal 1998. The 52 week high and low stock price for Galaxy has been 7 + and 2 + respectively. You may obtain more information from GalaxyFs web site at www.galaxyfoods.com. |
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