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Cuisine Solutions, Inc. Announces First Quarter FY2009 Results.


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
 from Products up 4.5% from Prior Year, Net Income up $128,000

ALEXANDRIA, Va. -- Cuisine Solutions, Inc. (AMEX AMEX

See: American Stock Exchange
:FZN), a leading premium, fully-cooked, frozen food manufacturer, today announced results for the first quarter ended September 20, 2008. For the first quarter of fiscal year 2009 our net sales from products were $18,273,000, up 4.5% over prior fiscal year first quarter of $17,480,000. Growth in first quarter product sales was largely due to a 43.1% increase in Military sales compared to the same period in fiscal 2008. Net income for the first quarter of fiscal year 2009 increased by 193% to $135,000 compared to first quarter of fiscal year 2008 income of $7,000 due primarily to improved gross margin of 21.6% or 1.3% above prior year first quarter gross margin of 20.3%. Net income per share basic and diluted di·lute  
tr.v. di·lut·ed, di·lut·ing, di·lutes
1. To make thinner or less concentrated by adding a liquid such as water.

2. To lessen the force, strength, purity, or brilliance of, especially by admixture.
 increased from $0.00 per share in the first quarter of fiscal 2008 to $0.01 per share in the first quarter of fiscal 2009. We discontinued dis·con·tin·ue  
v. dis·con·tin·ued, dis·con·tin·u·ing, dis·con·tin·ues

v.tr.
1. To stop doing or providing (something); end or abandon:
 reporting of new product sales, however, we now have sales from services of $88,000 as a result of our new acquisition and fee based training programs. "We are starting to see improvements in our margins," remarked Cuisine Solutions' 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.  and President, Stanislas Vilgrain. "Our price increases for our products as well as reducing internal expenses is starting to show benefits. Our diversification strategy of having five business channels Business channels are TV channels that concentrate on business news. List of channels
  • CNBC (American channel produced by NBC-Universal).
  • Bloomberg Television (American channel produced by Bloomberg LP)
 continues to work well for us as we believe some channels will continue be leaders while others may be periodically impacted by the economy. Our goal is to continue to grow and become the leader in our market and that has not changed."

"Our new acquisition started for us in the middle of summer," continues Vilgrain. "We expect this acquisition to see increasing revenue and performance for the remainder of the year. With the recent publications by Thomas Keller
This article is about the chef. For other persons named Thomas Keller, see Thomas Keller (disambiguation).


Thomas Keller (born October 14, 1955) is an American chef, restaurateur, and cookbook writer.
 and Heston Blumenthal Heston Blumenthal OBE (born May 27, 1966, in High Wycombe, near London) is the chef and owner of The Fat Duck, a three-Michelin-starred restaurant in the village of Bray in Berkshire.  on sous-vide cooking the interest continues in learning and understanding this unique cooking method. We must take advantage of the current world wide financial crisis to push Cuisine Solutions value to food service operations, this is the perfect opportunity. All foodservice operators are challenged by dwindling dwin·dle  
v. dwin·dled, dwin·dling, dwin·dles

v.intr.
To become gradually less until little remains.

v.tr.
To cause to dwindle. See Synonyms at decrease.
 demand, difficult access to credit, high labor cost and difficulties in managing controllables, Cuisine Solutions is the perfect solution to their problems; our newly acquired and developing Service Company can help them transition to a new operation concept while our products can help them support their development."
[TABLE OMITTED]


This news release contains forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Achievement of projected or implied future results, including, without limitation, is subject to numerous risks and uncertainties--including, without limitation, the risks and uncertainties discussed in the Company's filings with the Securities and Exchange Commission--and the possibility of inaccurate assumptions that could cause actual results to vary materially from the results expressed or implied in this presentation. Among these risks and uncertainties are the Company's assumptions related to the performance of certain aspects of its business upon which its future financial results may be materially reliant, including, without limitation, projected sales generated by its military, retail, onboard Refers to a chip or other hardware component that is directly attached to the printed circuit board (motherboard). Contrast with offboard. See inboard.  services, food service, national restaurant chain channels and our training centers, the retention or loss of one or more significant customers, changes in product mix and corresponding changes in average unit price and production efficiencies, costs related to new facilities and other expenditures incident to plans to future growth and market, industry or regulatory changes. Material changes in any of these or other financial factors may cause actual results to differ materially from any projections made herein. In addition, except as required by law, the Company does not undertake and does not intend to update any forward-looking statement forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
 that it may make in this presentation or in any other context, from time to time.
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Publication:Business Wire
Article Type:Financial report
Date:Nov 3, 2008
Words:668
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