Cuisine Solutions Announces a 47.1% Third Quarter Revenue Increase Compared to the Same Quarter of the Prior Fiscal Year.

Business Editors

ALEXANDRIA, Va.--(BUSINESS WIRE)--May 18, 2004

Cuisine Solutions, Inc. (OTCBB:CUIS), announced revenue in the third quarter of fiscal 2004 increased from $7,593,000 to $11,169,000, a 47.1% increase compared to the same quarter of the previous fiscal year primarily due to a 71.8% sales increase in the USA. Retail sales in the USA increased 267.1%, the National Restaurant Chain (New Business) channel grew 186.5%, while Foodservice gained 55.4%, compared to the third quarter of Fiscal 2003.

Cuisine Solutions, Inc. also reported a decrease in net loss of $915,000 or 62% from $1,477,000 to $562,000 for the third quarter Fiscal 2004 compared to the same quarter the previous fiscal year. The decrease in net loss was primarily due to the 47.1% increase in sales along with a 74.4% increase in gross margin while maintaining same level of selling and administration expenses.

Information as to Cuisine Solution sales by geographical locations as follows (Norway inter-company sales are eliminated):

                        Q3 Fiscal    Q3 Fiscal
                           2004         2003       $Change    %Change
                      ------------------------------------------------

USA                     $6,916,000   $4,026,000 $2,890,000       71.8%
Norway                     256,000      130,000    126,000       96.9%
France                   3,997,000    3,437,000    560,000       16.3%
                      ------------------------------------------------
Total Product Sales
 Revenue               $11,169,000   $7,593,000 $3,576,000       47.1%
                      ================================================

USA

Cuisine Solutions USA Fiscal Year 2004 second quarter sales by sales channel:

                        Q3 Fiscal    Q3 Fiscal
                           2004         2003       $Change    %Change
                      ------------------------------------------------

Food Service            $1,786,000   $1,149,000   $637,000       55.4%
On Board Services        2,579,000    2,050,000    529,000       25.8%
Retail                   1,762,000      480,000  1,282,000      267.1%
Military                   216,000      147,000     69,000       46.9%
New Business               573,000      200,000    373,000      186.5%
                      ------------------------------------------------
Total                   $6,916,000   $4,026,000 $2,890,000       71.8%
                      ================================================

Norway

Total Norwegian sales before inter-company eliminations in both US dollars and Norwegian Kroners were as follows:

                        Fiscal 2004  Fiscal 2003
                         Norway Q3    Norway Q3
                           Sales        Sales      $Change    %Change
                      ------------------------------------------------

Sales in US Dollars        996,000    1,089,000    (93,000)     (8.5%)

Sales in Norwegian
 Kroners                 6,761,000    7,657,000   (896,000)    (11.7%)

Average Exchange Rate        6.788        7.031

During the third quarter of fiscal 2004, total Norwegian sales volume decreased 11.7% to 6,761,000 Norwegian Kroner from 7,657,000 Norwegian Kroner during the third quarter of fiscal 2003. The sales amount converted to US Dollars amounted to $996,000 in the third quarter of fiscal 2004 and $1,089,000 during the third quarter of fiscal 2003 before the elimination of inter-company balances. Cuisine Solutions started using salmon from its new partners in Chile.

France

The total fiscal year 2004 third quarter sales in US Dollars were $3,997,000 versus previous year sales of $3,437,000, an increase of $560,000 or 16.3%. Sales in EURO during the same period were EUR 3,207,000 versus EUR 3,243,000 respectively, a decrease of 1.1%. The decrease is due to the US dollar-EURO fluctuations in the exchange rate for the respective periods.

                        Fiscal 2004  Fiscal 2003
                         France Q3    France Q3
                           Sales        Sales      $Change    %Change
                      ------------------------------------------------

Sales in US Dollars      3,997,000    3,437,000    560,000       16.3%

Sales in EURO            3,207,000    3,243,000    (36,000)     (1.1%)

Average Exchange Rate        0.802        0.943

Cuisine Solutions France Fiscal Year 2004 third quarter sales by sales channel were as follows:

                         Q3 Fiscal    Q3 Fiscal
                            2004         2003     $Change     %Change
                      ------------------------------------------------

Food Service            $1,582,000   $1,260,000   $322,000       25.6%
On Board Services          495,000      393,000    102,000       26.0%
Retail                   1,902,000    1,761,000    141,000        8.0%
New Business                18,000       23,000     (5,000)    (21.7%)
                      ------------------------------------------------
Total                   $3,997,000   $3,437,000   $560,000       16.3%
                      ================================================

The Food Service and On Board Services channels in France grew over 25% compared to the same quarter of Fiscal 2003. The increase is largely due to positive currency exchange rates, stronger sales to restaurants and airlines, and improved product mix in those channels.

This news release may contain 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. Those statements reflect the intent, belief or current expectations of the company and members of the management team.

Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risk and uncertainties and that actual results may differ materially from those contemplated by such forward-looking statements reflecting changed assumptions, the occurrence of unanticipated events or changes to future operating results over time.