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VESTRO FOODS INC. ANNOUNCES 1992 FINANCIAL RESULTS

 CARSON, Calif., April 2 /PRNewswire/ -- Vestro Foods Inc. (NASDAQ: VEST) announced today the company's financial results for the year ended Dec. 31, 1992. Net sales for the year were $36,845,000, compared to $37,291,000 in 1992. Net income for the year was ($3,551,000) compared with $410,000 in the prior year.
 Effective Dec. 18, 1992, the company sold substantially all the assets of its Fine Baked Products operations. This sale resulted in a loss of $795,000, although many of the assets on the books of the operations were intangible assets. In addition, the company wrote off $1,015,000 relating to covenants not to compete from former owners of businesses, which no longer had any future benefit to the company.
 Allan Dalfen, president and chief executive officer of Vestro Foods Inc. stated "Vestro is now focused solely on its natural foods business. With the proceeds form the sale of the bakery operations, an improved balance sheet and reduced corporate overhead levels from the prior year, the company will build upon its already strong position in the natural foods industry. Preliminary results so far in 1993 have been very encouraging."
 VESTRO FOODS INC.
 Financial Summary
 For The Year Ended Dec. 31,
 1992 1991
 Net sales $36,845,000 $37,291,000
 Pretax income (loss) (3,551,000) 459,000
 Income (loss) before
 extraordinary items (3,551,000) 232,000
 Extraordinary items --- 178,000(a)
 Net income (loss) ($3,551,000) $410,000
 Earnings (loss) per
 common share:
 Before extraordinary items(b) ($.26) ($.05)
 Extraordinary items .00 .01
 Net income ($.26) ($.04)
 (a) Represents the utilization of a net operating loss carryforward.
 (b) Computed by adjusting net income for the company's scheduled preferred stock dividend, which amounted to $1,048,000, for each of the years.
 -0- 4/2/93
 /CONTACT: Stephen Schorr of Vestro Foods, 310-886-8200/
 (VEST)


CO: Vestro Foods Inc. ST: California IN: FOD SU: ERN

MS-BP -- LA007 -- 2456 04/02/93 11:02 EST
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Publication:PR Newswire
Date:Apr 2, 1993
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