Funny Bagel Food Company is a fast-growing Florida-based company with a single focus: creating the highest quality wholesome, nutritious pre-packaged meals and snacks that meet the needs of today's kids and their busy families. As busy parents we understand how you could be too busy to prepare school lunches for your kids and how you look for high-quality, pre-packaged, simple to serve, ready to eat wholesome foods. Most of the time "grab & go" food fails to deliver balanced nutrition. In fact, most "fast food" is really "fat food," high in animal fat, saturated oils, simple carbohydrates, sugar, syrup, and sodium.
Menu 4 Life is a research and development company of nutritions and delicious food products using "Chia Seed." In addition to their expertise in innovative recipe formulation with chia seed, they also offer services to industry for chia seed recipe consultation. Over the past 30 years, there has been unprecedented breakthroughs in our understanding of good choices and health. However, there is an enourmous gap between what has been discovered and what the general public has learned. Believers and educators in the concepts of "well-ness" Menu 4 Life believe that the food industry [recipe developers & food producers], have a responsibility to research these findings and inform the consumer by way of their products. The health and well-being of our country/world depends on this basic understanding. Our chia products are more than a great tasting, nutritious foods, they are a vehicle to educate the consumer in the values of a healthy diet/lifestyle. To live right, physically, mentally and spiritually, will enhance the quality of your life and enrich the qualtiy of our world.
Open Window Bakery enjoys a unique position in the baked goods industry in that it is a manufacturer, wholesaler and retailer of a complete line of breads, rolls, bagels, chalas, cakes, danishes, cookies and more. The finest ingredients are used to produce a quality product found in our 5 corporate stores, 8 franchises and approximately 500 independent outlets and chains which carry Open Window's products across Ontario and the nation. Some of the better known retail outlets include Loblaw's, Fortino's, Longo's Supermarket, Sobeys, Highland Farms, West Fair, Concord Food, The Bay, Dennigers, Chapmans, Galati Market Fresh, Rabba Fine Foods, Vince's Country Market, Weston Produce as well as many bakeries, convenience stores and corner grocers. Our products are sold fresh, frozen baked and frozen raw. We are able to ship directly in the GTA and via food distributors across North America.
Since 1985, French Meadow Bakery has been committed to baking the most nutritious and best tasting breads available while educating our customers on the health benefits of eating organically, and this mission has not wavered. We sustain our valued customers , and the planet , by using only certified organic grains that are grown in balance and harmony with nature. We receive hundreds of letters each week from dedicated French Meadow fans. The common theme in these letters is praise and sharing of a positive health benefit experienced from eating a specific product. Other letters proclaim our breads' true old world taste and texture which is uncommon to most breads in the marketplace today. I appreciate your letters, read them personally, and share them with our skilled artisan bakers. Our entire French Meadow family thanks you for recognizing our dedication to "conscious" baking, which makes our work even more gratifying and significant.
Harlan Bakeries, Inc., established in 1991, produces Harlan Bigger Better Bagels® and Harlan Giant Gourmet Bagels® brands, private-label bagels, and products for in-store bakeries. Harlan now produces more than just bagels and supplies our customers with pies (meringue, crème, fruit and specialty); cakes; cookies; muffins; and breads. In addition, Harlan is a contract manufacturer for many national companies. Harlan operates four production facilities, including it 250,000+ square foot facility and corporate office in Avon, Indiana. Other production facilities are located in Indianapolis, Indiana; Denver, Colorado; and Kentville, Nova Scotia, Canada.
Since 1991, Rich's has provided its innovative, high-quality non-dairy products to in-store bakeries throughout Australia and New Zealand. Recently, the business has expanded to supply the nations food service industry with various dessert and bakery products as well. With local sales and marketing support, the Rich's Australia team is the trusted supplier for some of the world's top food service operators located in the region.
http://www.pinnaclefoodscorp.com
Pinnacle Foods Finance LLC (PFF) is a manufacturer, marketer and distributor of branded food products. The Company’s products and operations are managed through two operating segments: dry foods and frozen foods. The dry foods segment consists primarily of Duncan Hines baking mixes and frostings; Vlasic pickles, peppers and relish products; Mrs. Butterworth’s and Log Cabin syrups and pancake mixes; Open Pit barbecue sauce and Armour canned meats, and food service and private-label products. The Company’s frozen foods segment consists primarily of Hungry-Man and Swanson frozen dinners and entrees; Mrs. Paul’s and Van de Kamp’s frozen seafood; Aunt Jemima frozen breakfasts; Lender’s bagels and Celeste frozen pizza, and food service and private-label products. (Source: 10-K)
Pillsbury Winthrop LLP is an international law firm with core practice areas in capital markets, real estate, financial services, litigation, intellectual property, global energy and technology. The firm has 16 offices worldwide.
As the video showed at the beginning of this meeting, Aurora is a Company of high-quality brands that have become household names across this country. Whether breakfast, lunch, dinner or snacks - you will find Aurora brands: Aunt Jemima frozen waffles, pancakes and french toast; Mrs. Butterworth's syrups and pancake mix; Log Cabin Syrups; Lender's bagels - fresh, refrigerated or frozen; Mama Celeste pizza; Chef's Choice skillet meals; Mrs. Paul's and Van de Kamp's frozen Seafoods; And last, and certainly not least, Duncan Hines cakes, frostings, brownies, cookies and muffin mixes. Here is a little sample of just one of these brands. Duncan Hines video clip is shown. A little over two months ago, your Board of Directors began a process to establish a new management team which included myself and Chris Sortwell - an excellent choice as CFO. As we indicated then, our goals as a management team would be to: Better support and build our equities; Drive unnecessary and redundant costs out of the Company; Expand and add the capabilities we need to grow; and Lead and empower the organization to accomplish these goals. Our management team is complete, there is clear understanding, commitment and excitement in the Company about what we need to do, and now we are about doing it. I am not going to dwell this afternoon on past issues and earnings restatements - but about what the new Aurora is doing to go forward. Vince Lombardi used to say that it did not matter whether you got knocked down, but what was important was whether you got back up again. Aurora is back up, and we are starting our march to the goal line. We may take a few steps back in our journey along the way - but we will move inevitably forward because our determination is resolute, our Company's commitment is universal and our path is focused. In the first 90 days we will have completed the following: First, we have consolidated our two separate divisions into one company, based here in St. Louis. We are in the process of closing Columbus and transitioning services and support to St. Louis. This will eliminate redundant services and costs - and will allow us to better focus our activities into one fully integrated program. For example, we had breakfast businesses in two separate locations, not talking with one another, and missing important opportunities for synergy. We have now put our frozen waffle business together with syrups - and we are developing a comprehensive plan based on a much fuller understanding of breakfast and what can be done to grow our total business. As you would expect, full consolidation will lead to natural synergies that can yield new products, more effective marketing programs and added cost savings. Second, we have also consolidated our frozen food and dry grocery sales force into one, more focused organization. This will allow us to present one face to our customers, which is exactly what our customers want most. Instead of going to the trade as two separate half-billion-dollar companies, we can go to our customers as one, one-billion-dollar company and better leverage our size. As part of this consolidation, we have organized our sales operations around our customers so that we have dedicated teams to sell each of our top 10 customers. This will lead to better programs, better partnerships and, best of all, better results. Third, to complement our new sales teams, we have selected Marketing Specialists as our national sales broker. By that I mean we have fully integrated our sales force together with Marketing Specialists so both of us can work together with our customers. Marketing Specialists is the largest broker in the United States and we are their largest full-service customer. Our combined and integrated efforts give us more knowledge of our marketplace and better leverage in selling our customers. Fourth, we have embarked on aggressive programs to drive our brands - to more fully leverage their power - and to broaden their products into new growth areas. Lender's is a great example. Everybody knows Lender's is the market leader of the frozen bagel segment. But Lender's also sells fresh and refrigerated bagels. The fresh segment is 60% of the total category. We are building on Lender's heritage of trust and bagel knowledge to grow our business in all bagel segments, including fresh. Here is an example of what I mean: Lender's video clip is shown. Now if I can loosely borrow a line from that clip - if there's one thing I now know since coming to Aurora in April, it's that consumers have a high awareness and trust for our brands. Our brands have been in America's kitchens for an average of 70 years each, with Aunt Jemima, Duncan Hines and Log Cabin all introduced in the 1880's. That kind of longevity clearly demonstrates a trust and an awareness that can only lead to further growth. Right now our portfolio contains some 1,500 different products from breakfast products to dinner entrees to snack items. Expect this portfolio to grow. We have recently introduced a new line of shrimp and salmon skewers for the grill under the Mrs. Paul's brand, and we expect to launch other new seafood products - such as popcorn shrimp, buffalo shrimp and crab cakes - under the Mrs. Paul's and Van de Kamp's name; as well as several new Lender's bagel flavors - like strawberry and chocolate chip in the frozen category and sun-dried tomato and baked apple cranberry in the fresh category. Acquisitions have played a major role in our growth, and we will continue to seek out new businesses when we see potential to grow both top line sales and bottom line profits. However, for the next six to nine months we will concentrate on our internal programs to make sure they have a solid base before we try to integrate any new businesses. The fifth area we have embarked on is an aggressive attack on unnecessary costs. All of us at Aurora know there are many unnecessary costs throughout our Company. Some of them are simply the inefficiencies of separate locations … others are due to the way we do things that need to change. You will hear the words "cost effectiveness" many times in the coming months -- this is our program comprised of seven multi-functional teams which cut across every part of our Company with specific savings goals that are big, but which we believe are attainable. This program is led by some of our very best people and reports directly to me. I am confident we will achieve our goals - and that the savings we obtain will provide both critical funding for new initiatives and margin growth for our brands. I'd like to show you a few more clips, featuring our seafood products, but first I want to talk a little bit about the strong backing and support we have from our principal shareholders. When Chris and I first came to Aurora, it was a time of tremendous change. However, the financial sponsors had moved quickly to establish a new leadership team and they spent considerable time and resources in making sure that Aurora would be able to move forward. The restatements announced in April have done just that. As I told analysts after the release of our first-quarter results in May, we are feeling very good that the major accounting problems are behind us. We can now focus on the initiatives I have outlined so that we can build value for our shareholders. We feel good about the progress made so far, but I want to stress that this is only the beginning of positive results at Aurora Foods. Many of these initiatives will take time, but we should see important improvements by the latter half of this year with total year EBITDA for Fiscal 2000 up between 4% - 6%, versus 1999 adjusted pro forma EBIDTA, and total net sales growth in the 3% range. These are exciting times for Aurora, and I'm confident that our products will age even better over the next 70 or so years. We have occupied America's kitchens since the 1880's and we are not about to relinquish this spot. The new Aurora is a company that: (1) will leverage the breadth of its product line, (2) will leverage the long-standing trust that our brands have with consumers; and (3) Aurora will take advantage of its countless opportunities for improved efficiencies - to bring added value to its brands and to its shareholders. Thank you very much. I think you will enjoy these last glimpses of the new face of Aurora.
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