ID NEWS: Florida irradiator reports quarter profit; cites expanding base

Food Technology Service, Inc., Mulberry, FL, one of the nation's most experienced commercial food irradiators, has reported a profit of $39,487 for the first 2003 quarter ended March 31, 2003. This is as compared with $47,304 for the equivalent 2002 quarter. Total revenue for the quarter was $412,467 as compared with $409,106 in the first quarter of 2002.

"These revenues reflect an increasingly diverse customer base which includes significantly more meat and poultry products," comments Dr. Richard Hunger, ceo. "I am confident that the growing demand for irradiated foods coupled with the return of a large, intermittent customer will generate additional revenue growth for the remainder of the year."

Food Technology Service has recently added plant workers and made facility upgrades to increase processing.


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