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Last Trade
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Last Trade:
$1.85
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Change:
0.0701 (3.94%)
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Trade Time:
Feb 09
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Market Cap:
$5.10M
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Description of Business
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Food Technology Service, Inc., (the 'Company') was organized as a
Florida corporation on December 11, 1985. The Company owns and operates an
irradiation facility located in Mulberry, Florida that uses gamma radiation
to remove harmful pathogens and spoilage organisms from customer-owned
products. The Company provides contract sterilization services to the medical
device, food and consumer goods industries. The Company also irradiates
packaging, spices and ingredients. The Company's revenue for 2007 ($2,092,826)
resulted primarily from the processing of medical items and food. The Company
continues to diversify its customer base, however three customers accounted
for approximately 60% of revenues in 2007.
During the past few years, the Company has aggressively pursued
sterilization of medical devices to increase its customer base.
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