food technology service inc (VIFL) Snapshot

Food Technology Service Inc. reported earnings results for the first quarter of 2013. For the quarter, the company reported revenues of $1,073,177 compared to revenues of $1,050,616 for the same period in 2012. This is an increase of approximately 2.2%. Net income was $263,773 versus net income of $273,855 during the same period in 2012, a decrease of approximately 3.7%. The decrease in net income resulted from approximately $43,000 in increased depreciation from Cobalt and a new programmable logic control system purchased during the last half of 2012.

Food Technology Service Inc., Annual General Meeting, May 17, 2013., at 09:00 Eastern Standard Time. Location: Mulberry Civic Center, 901 5th Street NE. Agenda: To consider a vote upon the reinstatement of voting rights to certain control shares; to consider a vote upon the election of six persons to serve as directors of the company until the 2014 annual meeting of shareholders and until their respective successors shall be duly elected and qualified; to consider a non-binding advisory vote on the compensation of named executive officer; to consider a non-binding advisory vote on the frequency of future non-binding advisory votes on the compensation of named executive officer; and to transact such other business as may properly come before the meeting or any adjournment thereof.

Food Technology Service Inc. reported earnings results fourth quarter and full year of 2012. The company recorded revenue of $3,958,629 in 2012 which is a 5.7% increase over 2011 revenue of $3,744,546. Net income increased 1.8% $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.