Business
Canyon Creek Food Company Ltd. Announces Third Quarter Results
Canyon Creek Food Company Ltd. Announces Third Quarter Results.
About this update from Canyon Creek Food Company Ltd.
[{"type":"text","content":"\n\n\n\n\nTSXV Symbol: CYF\n\nCALGARY, May 2 /CNW/ - Canyon Creek Food Company Ltd. ( \"Canyon Creek\" ),\na food processing company listed on the TSX Venture Exchange under the trading\nsymbol \"CYF\", is pleased to announce its third quarter results. Listed below\nare some of the highlights of the third quarter.\n\n- The Net Profit for the Q3 of $764.00 is a significant turnaround for\n the company when compared to a net loss of $223,134 for the same\n period last year.\n\n- Sales increased 26% or $302,866 vs. third quarter 2005\n\n- The company's YTD loss is $25,331 vs. $812,562 for the same period\n last year\n\n- EBITDA is a positive $258,300 YTD (June 1, 2005 to Feb 28, 2006) vs. a\n negative $306,445 for the same period last year\n\n- Sales increased 31% vs. previous YTD or $1,058,964\n\nThe company continues to focus on developing sales with its major retail\ncustomer. Although this development has been slower than anticipated due to\nthe start-up process, the company is confident that during first quarter of\nfiscal 2007 it should realize the full benefit of the contract.\nCanyon Creek is a food processing company based in Calgary and Edmonton,\nAlberta providing fresh soups and other prepared food products for today's\nhealth conscious consumer. The company provides its fresh food product line to\nboth grocery retailers and a broad range of food service establishments such\nas restaurants and institutions through out Canada.\n\nThis news release contains forward-looking statements which involve known\nand unknown risks, delays and uncertainties not under Canyon Creek's control\nwhich may cause actual results, performance or achievements of Canyon Creek to\nbe materially different from the results, performance or expectations implied\nby these forward-looking statements.\n\nThis press release shall not constitute an offer to sell or the\nsolicitation of an offer to buy the securities in any jurisdiction. The\nsecurities offered have not and will not be registered under the United States\nSecurities Act of 1933, as amended, or any state securities laws and may not\nbe offered or sold in the United States absent registration or an applicable\nexemption from the registration requirement.\n\nThe TSX Venture Exchange has neither approved nor disapproved of the\ncontents of this press release.\n%SEDAR: 00004242E\n\n\n","lengt...