Food Technology Service, Inc. Reports Earnings
MULBERRY, Fla. -- November 14, 2013
Food Technology Service, Inc., (Nasdaq: VIFL) had revenues of $1,025,510
during the third quarter of 2013 compared to revenues of $925,654 for the same
period in 2012. This is an increase of approximately 11 percent. The Company
had net income during the third quarter of 2013 of $218,630 versus net income
of $206,487 during the same period in 2012, an increase of approximately 5.9
percent. For the first three quarters of 2013, the Company had revenues of
$3,237,412 and net income of $763,753. Revenues during the first three
quarters of 2012 were $2,996,094 and the Company had net income of $739,671.
Revenues increased by about 8 percent and net income increased by
approximately 3.3 percent in the first three quarters of 2013 compared to the
same period in 2012.
Food Technology Service, Inc. CEO Dr. Richard Hunter said, “I am pleased by
our third quarter revenues and our 2013 sales for the first three quarters.
The majority of these increases was due to medical device sterilization.”
Food Technology Service, Inc. provides irradiation services for medical
products, food items and consumer goods to enhance the safety of those
products. The Company is certified to ISO 13485:2003 standards for the
provision of 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.
Food Technology Service, Inc.
Richard G. Hunter Ph.D., 863-425-0039
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