Country Maid Foods Inc. reaches agreement with major egg processor.AURORA, Mo.--(BUSINESS WIRE)--April 15, 1997--Country Maid Foods Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CMFI CMFI Central Multiport Fuel Injection ), a holding company specializing in egg production, egg breaking and other agriculture-related entities, announced today it has reached an agreement with Rose Acre Inc. of Seymour, Ind. Terms of the agreement call for Rose Acres, one of the largest egg producers and egg-products manufacturers in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , to "custom break" eggs for Country Maid Foods. Dean Hughson, vice president of sales/marketing, is enthused about the new agreement. "By using the facilities at Rose Acres to custom process our eggs, Country Maid will expand its participation in the growing egg products industry. The demand for dried, frozen and liquid eggs is strong and we intend to be a substantial supplier to meet that demand. Additionally, we see this agreement as an important step in our plans to enlarge TO ENLARGE. To extend; as, to enlarge a rule to plead, is to extend the time during which a defendant may plead. To enlarge, means also to set at liberty; as, the prisoner was enlarged on giving bail. our markets, both domestically and internationally, and to build on our recent increases in revenue and income." Results from the quarter ending Dec. 31, 1996, showed a 256% increase in revenues and a 510% boost in net income. Country Maid Farms Inc., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , is in the business of producing eggs from poultry. At the end of 1996, this operation had approximately 500,000 hens that lay about 210,000 dozen eggs per week. The company currently has two subsidiaries: Country Maid Farms Inc., which is a commercial egg production company with operating facilities in Missouri, Nebraska and South Dakota South Dakota (dəkō`tə), state in the N central United States. It is bordered by North Dakota (N), Minnesota and Iowa (E), Nebraska (S), and Wyoming and Montana (W). and Country Maid Egg Products Inc., an egg-breaking operation. CONTACT: Alexis International Corporate Relations 760/773-9227 |
|
||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion