|
Cuisine Solutions, Inc. was incorporated in the State of Delaware in 1974. We commenced operations in 1972 as a wholesale producer of French bread for daily delivery to the Washington, D.C. area. We expanded our business into new geographic markets throughout the 1970s. In fiscal year 1979, then known as Vie de France Corporation, we began offering our product through Company-owned retail bakeries where the products could be freshly baked throughout the day. During the 1980s, we expanded our frozen dough product line and developed processes to facilitate the baking of these products at the point-of-sale. As of May 1994, we owned and operated 31 retail units. We sold the Bakery Division and the Restaurant Division to Vie de France Bakery Yamazaki, Inc. in 1991 and 1994, respectively, and changed our name to Cuisine Solutions, Inc.
We began development of the Culinary Division business in 1987, in conjunction with research previously performed by Nouvelle Carte France, a related French company. Due to the growth in high quality frozen products in Europe, our Board of Directors authorized the establishment of the Culinary Division for the express purpose of the research into and development of high quality frozen products for the U.S. market. In 1989, construction began on a plant in Alexandria, Virginia designed to manufacture our sous-vide product line and began operations in May 1990. In 1999, we acquired the French company, Nouvelle Carte France, to supply airline customers in Europe as well as to supply global foodservice and retail customers.
We listed our common stock on the American Stock Exchange on February 24, 2005 under the ticker symbol FZN.
In fiscal year 2005, we obtained a new source of salmon and other white fish raw material from Cuisine Solutions Chile, a company in which we have a 10% minority interest. They own and operate a sous-vide plant in Chile that opened in August 2004. We have exclusive marketing rights in the U.S. and most of Europe for the sous-vide products produced by Cuisine Solutions Chile.
In May 2006, we purchased a new production location in Le Pertre, France and in June 2007 we announced a 60% increase in U.S. manufacturing operations.
We sell 100% of our product through our own sales personnel located in either Europe or the U.S. These sales are either made directly to end-users or indirectly through distributors who generally take possession and then re-sell our products to end-users.
We currently distribute products through the following sales channels:
* On Board Services: Airlines, railroad and cruise lines.
* Foodservice: Hotel banquets, convention centers, sport stadiums and other special events such as the Super Bowl.
* Retail: Supermarket in-store deli, premium frozen packaged foods.
* Military: Naval carriers, Army field feeding, and military dining halls and clubs.
* National Restaurant Chains: Casual dining multi-unit restaurants.
Contact Information:
Cuisine Solutions, Inc. Board of Directors
If you would like to communicate directly with the Cuisine Solutions Board of Directors, Please write to:
Board of Directors
c/o Cuisine Solutions, Inc.
85 South Bragg Street Suite 600
Alexandria, Virginia 22312
Ronald Zilkowski, CFO
at +1 703-270-2965
Please Note:
The company cautions that any presentations may contain statements regarding the company's future operations and business prospects, which are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based upon management's current knowledge and assumptions about future events and involve risks and uncertainties that could cause actual results to differ materially from anticipated results. For more details on factors that could affect expectations, see the company's Annual Report on Form 10-K for the year ended June 26, 2004, as filed with the Securities and Exchange Commission.
|