To: JWC who wrote (3110 ) 7/5/1999 1:07:00 PM From: Marc Stager Respond to of 3584
To MDMI and JWC: About Albertson's... Two weeks ago, June 22, I asked: "A month ago, MDMI Announced: 'MDMI is providing Albertson's with gourmet pastries for the Albertson's Coffee Shops located in selected Albertson's stores. MDMI is currently shipping products to 9 Albertson's locations in the Dallas/Fort Worth Metroplex, with plans to include shipments to future locations as they come on line.' So, MDMI, how's it going? Any new stores? How are your pastries moving? Do we have a winner?" This was the answer posted by LaGuardia/Two Trades: The deal with Albertson's is a "roll-out" program. Meaning Alberston's and MDMI have agreed to put product in 9 stores and evaluate the sales of those products. There is no definitive time line associated with this evaluation, but Dana Verrill has confirmed that so far things are progressing "quite well", and they are hopeful new stores will be added in the near future. Mr. Verrill further stated that he does not anticipate to press release each individual new Albertson's that is selling the products, but he will share such information with La Guardia GFS so we can update the shareholders. Well, Laguardia. Specifically, which stores are carrying Massimo's pastries in their coffee shops? Has MDMI expanded their sales position with Albertson's, is it remaining the same, or is it losing ground? Are they selling at a profitable rate? After six weeks there should be ample feedback to "evaluate the sales of those products" and give the shareholders a more intelligent response than "things are progressing 'quite well'". How about some real numbers and hard, honest fact? Good or bad. By the way, Jeff, you said "Man I think I'll buy a cup of coffee and some MDMI pastries at Albertsons down the street from my home. Well, did you? Did you find any of MDMI's pastries at that location? ___________________________________ Marc Stager