Food Technology Service, Inc. Reports Earnings

  Food Technology Service, Inc. Reports Earnings

Business Wire

MULBERRY, Fla. -- March 29, 2013

Food Technology Service, Inc. (Nasdaq: VIFL) had record revenue of $3,958,629
in 2012 which is a 5.7 percent increase over 2011 revenue of $3,744,546. Net
income increased 1.8 percent $925,943 in 2012 compared to $909,502 in 2011.
Earnings per share of $0.328 were unchanged between 2011 and 2012. Revenue for
the fourth quarter was relatively constant at approximately $962,000 in 2012
and 2011.

Food Technology Service, Inc. CEO Dr. Richard Hunter said: “This year again
marks a revenue record for the Company and we continue to have significant
cash reserves and no long term debt. I am especially pleased with the growth
in stockholder equity which increased by over $1 million in 2012,” said
Hunter.

Food Technology Service, Inc. provides irradiation services for food items,
medical products and consumer goods to enhance the safety of those products.
The Company is certified to ISO 13485:2003 standards for radiation
sterilization services for medical devices.

Except for historical matters contained herein, the matters discussed in this
press release are forward-looking statements and are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements reflect assumptions and involve risk and
uncertainties that may affect business and prospects and cause actual results
to differ materially from these forward-looking statements.

Contact:

Food Technology Service, Inc.
Richard G. Hunter Ph.D., 863-425-0039
President/CEO
www.ftsi.us
 
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