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Cuisine Solutions Credit Rating Upgraded to ''Recommended'' on SEAFAX; Upscale, Fully-Cooked, Frozen Food Manufacturer Gets Highest Credit Rating

Posted on: Monday, 26 June 2006, 06:00 CDT

Cuisine Solutions, Inc. (AMEX:FZN) announced today that its credit rating on SEAFAX improved from limited to recommended, which is the highest credit rating that is given. Cuisine Solutions' rating improved two categories last year from Cautionary to Limited. "Cuisine Solutions is extremely excited by this rating improvement," comments CEO Stanislas Vilgrain. "Our suppliers use SEAFAX to determine our credit worthiness, which in turn determines our raw material pricing, terms, and conditions. As raw materials are the biggest costs for the company, improved purchasing terms really help the bottom line."

Cuisine Solutions has completed ten consecutive quarters of greater than 25% net sales and income growth as compared to the same quarter the prior fiscal year. "Our goal remains the same," states Cuisine Solutions' President Thomas L. Gregg. "We want to be the leader in this new category of premium, fully-cooked frozen food. We create exceptional food with ultimate convenience, and we believe that our 'Sous-Vide' technology, know-how, methods and culinary creativity is the foundation, which will continue to propel our growth." Cuisine Solutions' premium, fully cooked, frozen entrees and sauces are sold in retail stores as well as to hotels, convention centers, sporting venues, first and business class on airlines, trains, and ships, restaurant chains, the military, and more.

SEAFAX is the leading provider of business information for the perishable food industry in North America. Established in 1985 as a credit reporting and collection agency for the seafood industry, SEAFAX has earned a reputation for providing accurate and timely information as a resource to help businesses manage risk and maximize market opportunities. Over the course of 20 years SEAFAX has developed the most extensive database of financial and company specific information in North America. SEAFAX's mission is to provide seafood, meat and poultry related businesses with accurate and timely information that enhances their ability to manage risk and maximize market opportunities.

This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Those statements reflect the intent, belief or current expectations of the company and members of the management team. Investors can identify these forward-looking statements by use of words such as "expects,""believes,""will,""continues,""goals" and other words of similar meaning. One can also identify them by the fact that they do not relate strictly to historical or current facts. The Company cannot guarantee that any forward-looking statement will be realized, although it believes that it has been prudent in its plans and assumptions. Achievement of future results is subject to risks, uncertainties, and the possibility of inaccurate assumptions. Should known or unknown risks or uncertainties materialize, or should underlying assumptions prove inaccurate, actual results could vary materially from those anticipated, estimated, or projected. The Company does not undertake to update any forward-looking statement that it may make from time to time.

Source: Business Wire

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