CONTACT: Nick Grammas
, CEO, of Sparta Foods, 612-646-1888/
, president and CEO of Sparta Foods, said, "The past nine months have been a transition period for Sparta Foods.
These regional distribution centers supply tortillas to approximately 750 restaurants for McDonald's Breakfast Burritos and Chicken Fajitas," Grammas
British Airways has responded to our customers' requests for the additional capacity afforded by the larger 747," said Grammas
started Sparta Foods in 1982, and is largely responsible for its growth to nearly $12 million in sales.
Our expense ratio in the third quarter and nine-month period reflects costs associated with the IFP acquisition and with the integration of IFP and Sparta Foods' organizations, as well as increased promotional and marketing activities aimed at increasing our sales and expanding into new market areas," Grammas
, chairman and chief executive officer of Sparta Foods, said, "We are gratified by this further evidence of our progress as a public company, and look forward to the broader company visibility that NASDAQ trading will give us.
We view these strategic and preparatory expenses, as well as the direct expense of the IFP acquisition, to be key investments in our future growth and profitability," Grammas
, chairman and chief executive officer of Sparta Foods, said, "This important acquisition is a further step toward realizing our objective of profitable growth.
, president and chief executive officer of Sparta Foods, said, "The four-month construction period to get the plant ready as an approved McDonald's Corporation supplier affected gross margins during that period.
continued, "To take greater advantage of the growing consumer demand for Mexican food, Sparta invested in two new sales divisions -- Private/Control Label and Industrial Ingredients divisions which will compliment existing Retail and Food Service sales divisions.
By acquiring the Chapala trade name and business, we are able to expand our retail salsa markets into Denver, Toronto, Iowa and Minnesota, areas where sales currently exist for the Chapala brand salsa," said Nicholas Grammas
, president and chief executive officer of Sparta Foods.
, Sparta Foods, 612-646-1888/ CO: Sparta Foods, Inc.
Rajni Sinha and Andreas Grammas
from Oman Insurance were joined by Kamal Chhabra Hari Prasad Rao from Union Insurance at the presentation of awards after the final.
Gracyalny, 45 Scottie passed peacefully at grammas