| Business Summary | | Silverado
Foods,
Inc.
manufactures
and
markets
various
lines
of
branded
specialty
baked
goods,
including
Nonni's
biscotti
and
The
Natural
bagel
bars,
which
are
sold
through
multiple
distribution
channels.
The
Company
sells
to
retail
grocery
and
convenience
stores,
wholesale
club
stores,
the
food
service
industry,
and
the
vending
industry.
The
Company
is
a
producer
of
biscotti,
an
Italian
cookie
that
is
generally
eaten
with
a
cup
of
coffee,
cappuccino,
milk
or
espresso.
Biscotti
products
vary
as
to
flavor,
product
content
and
packaging
and
specifically
due
to
customer
preferences
for
flavor
and
package
configuration.
Additionally,
the
Company
is
a
producer
of
bagel
bars
(a
hand-held,
ready-to-eat,
healthful
meal
replacement).
On
December
23,
1998,
the
Company
disposed
of
substantially
all
of
the
business,
operations
and
assets
of
its
Nonni's
Biscotti
business. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Silverado
Foods
manufactures
and
markets
a
diversified
line
of
specialty
baked
goods
through
multiple
distribution
channels
throughout
the
U.S.
and
Canada.
For
the
nine
months
ended
9/30/98,
net
sales
decreased
12%
to
$15.6
million.
Net
loss
from
continuing
operations
fell
41%
to
$6.5
million.
Revenues
reflect
lower
sales
due
to
the
sale
of
the
Co's
bagel
bar
brand.
Lower
loss
reflects
a
decrease
in
general
and
administrative
costs
due
to
the
absence
of
a
$2.1
million
employment
agreement
buyout. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1997 Pay | |
| Lawrence Field, 38 Chairman
of Directors | $116K | Timothy Bruer, 41 Pres,
CEO | 382K | Robert Luttman, 52 Pres
of Silverado Marketing Services, Inc. | -- | Richard Hall, 58 VP
of Operations | 104K | Dollar amounts are as of 31-Dec-1997 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
|
|