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ARDEN INTERNATIONAL KITCHENS ANNOUNCES FUTURE PLANS

 LAKEVILLE, Minn., May 20 /PRNewswire/ -- The annual meeting of shareholders of Arden International Kitchens, Inc. (NASDAQ: AIKI), was held today at the company's office and production facility in Lakeville. R. Stephen Tanner, president and chief executive officer, presented a review of the firm's 1992 financial and operating results and made two announcements regarding the company's plans for the future.
 "In keeping with our commitment to our employees and the citizens of the surrounding area, we are in the design and approval stage of a major building addition to our production facility in Lakeville," Tanner said. "We plan to add 6,100 square feet which will house expanded production lines and a second spiral freezer to increase our lasagna production capacity. The commencement of this project will suspend previously announced plans for a satellite plant out of state."
 Regarding the company's common stock, Tanner announced, "The company is planning to purchase shares of its stock on the open market at prevailing prices from time to time as conditions warrant."
 On the company's outlook for the balance of 1993 Tanner commented, "Although first quarter sales increases for our company were modest at 3.3 percent, we are entering the second quarter with several exciting sales opportunities. Even more encouraging is our recent trend toward higher profit margins. We anticipate cumulative sales increases of 5-7 percent with corresponding profit improvements for the year."
 Arden International Kitchens, Inc., headquartered in Lakeville, produces and markets frozen prepared food entrees, components and sauces for the foodservice industry nationally. The company's stock is traded on the NASDAQ Small-Cap Market under the symbol AIKI.
 -0- 5/20/93
 /CONTACT: Brian E. MacKenzie of Arden International Kitchens, Inc., 612-469-2000/
 (AIKI)


CO: Arden International Kitchens ST: Minnesota IN: FOD SU:

MA -- MN020 -- 0965 05/20/93 17:03 EDT
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Publication:PR Newswire
Date:May 20, 1993
Words:299
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