Fresh'n Lite, Inc. Announces First Quarter Financial Results
LONGVIEW, Texas, May 26 /PRNewswire/ -- Curtis A. Swanson, Chief Financial Officer of Fresh'n Lite, Inc. (OTC Bulletin Board: FLTT - news), today announced the results of operations for the first quarter of 1998. The Company achieved revenues of $798,219, an increase of 12.1% from $712,352 in the first quarter of 1997. Net income increased to $215,436 or $.033 per share compared to a net loss of $174,558 in the first quarter of 1997. The net income in the first quarter included an extraordinary gain on the sale of one of the Company's restaurants of $111,593.
Curtis A. Swanson, Chief Financial Officer stated, ''We are very excited to see the continued growth in our operations.''
Fresh'n Lite, Inc. is the developer and operator of the Fresh'n Lite Cafe & Grill and Street Talk Cafe concepts, both are full service casual dining concepts featuring over 100 choices of low fat and non-fat menu items without compromising taste, service, or atmosphere
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