| Business Summary | | The
Classica
Group,
Inc.
has
two
principal
business
lines,
producing
and
importing
specialty
cheeses
and
Italian
foods
(the
cheese
business),
and
providing
solutions
to
serious
bacterial
problems
facing
the
food
industry
and
a
microwave-based
processing
system
designed
to
maximize
productivity
while
reducing
operating
costs
in
food
processing
(the
microwave
processing
business).
The
Company's
cheese
business,
Cucina
Classica
Italiana,
Inc.,
is
engaged
in
the
production,
importation
and
distribution
of
premium
cheeses
and
Italian
foods.
Classica
Microwave
Technologies,
Inc.
provides
safe
foods
solutions
through
its
automated
microwave
processing
systems
for
bulk
and
processed
foods
and
liquid
products.
At
year-end
2000,
the
Company
decided
to
discontinue
the
operation
of
its
wholly
owned
subsidiary,
Deli
King,
Inc.,
a
mobile
catering
business. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | The
Classica
Group
produces
and
imports
specialty
cheeses
and
Italian
foods,
and
produces
and
distributes
delicatessen
and
snack
foods
for
catering
and
other
entities.
For
the
three
months
ended
3/31/01,
sales
fell
10%
to
$1.6
million.
Net
income
from
continuing
operations
fell
75%
to
$22
thousand.
Revenues
reflect
the
loss
of
a
significant
group
of
customers
of
CCI
in
leisure
services
market.
Earnings
also
suffered
from
the
lower
margin
of
grated
and
shredded
cheese
products. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
2,049;
after
tax
earnings
were
28. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Scott Halperin Chairman
and CEO | $198K | Bernard Lillis, Jr. Director,
Chief Operating Officer,Treasurer and CFO | 166K | Dollar
amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|