From their 10-kSales The primary business of the Company is the manufacture, marketing and sales of superior quality frozen yogurt, frozen custard, sorbet, smoothie, soy and ice cream products in a variety of premium, low-fat, and nonfat flavors in either non-organic or organic formulations. The Company also copacks similar products for other companies. Because of the nature of these products, sales are subject to seasonal fluctuations, with the summer months normally generating higher sales volumes. The introduction and roll out of new products, however, has helped offset these inherent seasonal fluctuations. The Company's sales increased 5.5% to $6,636,000 for the third quarter, and increased 8.8% to $15,500,000 for the nine months ended July 31, 2003, compared to the corresponding periods in 2002. The increases resulted primarily from sales of new products, which include a soft frozen custard, a gourmet ice cream, and an aseptic coffee latte` freeze. The sluggish economy and high unemployment have had an impact on the foodservice segment of our business. As a result, the Company has focused on maximizing the combined advantages of its classic products, R&D capabilities, customer service, and its relationships with customers, brokers, and business partners, as well as the diversity in market segments, to increase sales and margins.
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