| Business Summary | | Tofutti
Brands
Inc.
is
engaged
in
the
development,
production
and
marketing
of
Tofutti
brand
non-dairy
frozen
desserts
and
other
food
products.
Tofutti
products
are
non-dairy,
soy-based
products
that
contain
no
butterfat,
cholesterol
or
lactose.
The
Company's
products
are
100%
milk
free,
and
are
also
free
of
cholesterol
and
derive
their
fat
from
soy
and
corn,
both
naturally
lower
in
saturated
fat
than
dairy
products.
The
Company
introduced
several
new
products
during
2000.
Among
them
was
a
new
frozen
dessert,
Super
Soy
Supreme,
sold
in
17-ounce
containers.
The
Company
also
introduced
a
new
Cutie
flavor,
mint
chocolate
chip.
In
the
frozen-food
entree
category,
the
Company
introduced
a
soy
bagel
as
well
as
new
flavors
of
its
fruit-
and
cheese-filled
Tofutti
Pillows.
In
addition,
several
new
flavors
were
added
to
the
Company's
Totally
Nuts
soybean
product
line. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Tofutti
develops,
produces
and
markets
nondairy
frozen
desserts
and
other
soya-based,
nondairy
foods,
containing
no
butterfat,
cholesterol
or
lactose,
yet
offering
the
same
textures
and
tastes
as
their
dairy
counterparts.
For
the
26
weeks
ended
6/30/01,
revenues
rose
17%
to
$8.1
million.
Net
income
rose
3%
to
$579
thousand.
Revenues
reflect
higher
sales
of
frozen
dessert
and
food
products.
Net
income
was
partially
offset
by
an
increase
in
new
product
start-up
costs. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| David Mintz, 69 Chairman
and CEO | $448K | Steven Kass, 49 CFO,
Sec. and Treasurer | 249K | Reuben Rapoport, 70 Director
of Product Devel. | -- | Dollar amounts are as of 1-Jan-2001 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
|
|