Galaxy Foods adds new retail distributors.ORLANDO, Fla.--(BUSINESS WIRE)--March 22, 1996--Galaxy Foods Co. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :GALX) Friday announced that it continues to gain retail distribution on several of the company's branded products. The largest retail distributor in the state of Florida will distribute product to retail supermarket chains including Publix, Winn Dixie and Albertsons. In the New York metropolitan area New York–Northern New Jersey–Long Island is the most populous metropolitan area in the United States and the third most populous in the world, after Tokyo and Mexico City. , another large retail distributor will distribute branded products to several supermarkets including Grand Union. The company expects annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. sales to these two accounts of approximately $1 million. Management stated that sales orders The sales order, sometimes abbreviated as SO, is an order received by a business from a customer. A sales order may be for products and/or services. Given the wide variety of businesses, this means that the orders can be fulfilled in several ways. for a major nation-wide food service account are presently at a rate of $120,000 per week and the company expects this rate to increase in the next few weeks. Management further stated that sales orders for the first 11 weeks of the quarter are up 200% over the same period last quarter. Galaxy Foods Co. produces a complete line of healthy cheese products for the retail, food service and industrial markets. Galaxy Foods is the inventor INVENTOR. One who invents or finds out something. 2. The patent laws of the United States authorize a patent to be issued to the original inventor; if the invention is suggested by another, he is not the inventor within the meaning of those laws; but in that and originator of formagg(r), perfectly balanced nutritional products which are low in fat, have no cholesterol and no lactose and contain more vitamins and minerals than conventional cheese. Other brands names include Soyco(r), Soymage(r) and Lite Bakery(r). CONTACT: Galaxy Foods Co., Orlando Rebecca Barksdale, 407/855-5500, ext. 105 |
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