Investor Relations

Founded in 1989, Monterey Gourmet Foods now produces more than 120 different fresh gourmet food products for the premium food consumer that are distributed in more than 9,600 retail and club stores throughout the United States, selected regions of Canada, the Caribbean, Latin America and Asia Pacific. Monterey Gourmet Foods' USDA-inspected fresh refrigerated gourmet food products are produced at facilities in Salinas, (Monterey County) California; Eugene, Oregon; and Seattle, Washington. Monterey Gourmet Foods continues to introduce new product lines such as gourmet refrigerated and frozen entrees, grilled wraps and whole wheat pastas that are focused outside of its traditionally strong base of pasta and sauces. Recent acquisitions of Casual Gourmet Foods and Sonoma Cheese Company have allowed the Company to expand into the areas of award-winning sausages, premium refrigerated soups and gourmet cheeses with the effect of building a diversified and stable platform for growth that reduces any dependence on one product category or distribution channel.

On November 8, 2005, Monterey Gourmet Foods reported third quarter revenues were up 42% and operating profits were up 137% compared to the third quarter 2004. For the nine months, revenues were $61,590,000, a 30% increase over 2004. Net income was $129,000 compared to a $948,000 loss in the prior year - a gain of $1.1 million. Nine month sales for 2005 are within 1.5% of TOTAL 2004 sales.

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Q1 2008 Monterey Gourmet Foods Earnings Conference Call
Thursday, May 8, 2008 10:00 a.m. PT
http://phx.corporate-ir.net/playerlink.zhtml?c=109499&s=wm&e=1832538

Last Traded Price: 3.01
Time of Last Trade: 5/12/2008, 4:00pm EST
Last-Traded Price: 3.01
Day's High: 3.0499
Day's Low: 2.94
Current Trading Volume: 6,973

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