Here's Where the Kahiki Rebuild Money Went - General Tiki

TC Tiki Chris Member London Joined: Mar 24, 2002 Posts: 1542	TC Tiki Chris Posted posted on Wed, Jun 23, 2004 7:59 PM On 2004-06-03 13:34, ChefMike wrote: The plan of reopening the Kahiki restaurant is on hold because we are concentrating in making the best Asian frozen foods that is on the market. Mahalo, Alice Tsao sorry i haven't gotten back to y'all about kahiki as an investment. plan to take a more thorough look this friday or the coming monday. however i did happen upon this article: Kahiki Foods Announces Record Sales and Earnings COLUMBUS, Ohio, Jun 23, 2004 /PRNewswire-FirstCall via COMTEX/ -- Kahiki Foods (Pink Sheets: KSCI) announced today that sales for its fiscal year ended March 31, 2004 were $14,990,000 compared to last year's $9,205,000, an increase of 63%. Earnings were $676,000 compared to last year's loss of $86,000. Basic earnings per share were $0.23 compared to a loss of $.03 for the same period the previous year. Diluted earnings per share were $0.19 compared to a loss of $.03 for the year ended March 31, 2003. Basic weighted average outstanding shares were 2,968,171, compared to 2,964,888 for the same period the previous year. Fully diluted weighted average shares outstanding were 3,506,186 compared to 2,964,888 for the year ended March 31, 2003. The increase in revenues and earnings is attributable to the company's successful launch of several new products and increased penetration in both retail and membership club stores. The company's rapid growth has been the major driver for constructing a new, state-of-the-art, 119,000-square-foot manufacturing facility in Gahanna, Ohio. This facility will become operational later this summer. It will have capacity to support $75 million in sales and will enhance product quality and operational effectiveness. In an effort to add visibility to its name in the financial community and benefit present and future shareholders, Kahiki will commence filing quarterly reports with the SEC. This will further the company's goal of obtaining a listing on the over-the-counter market, and as soon as possible, the NASDAQ Small Cap market. Michael Tsao, president and CEO of the company, said, "Last year was our best performance year ever. We worked very hard to develop and launch many new products. Fortunately, they resonated well with consumers. We also instituted several cost reduction programs that resulted in better efficiencies. We also solidified our management team with important new hires. Obviously, we are pleased with the overall results." Tsao added, "The company is anticipating substantially higher sales and earnings for the first quarter compared to last year's first quarter." He cautioned that "chicken prices were rising rapidly and having an effect on the company's margins. The company is implementing various measures to reduce the effect of increasing costs."

On 2004-06-03 13:34, ChefMike wrote:
The plan of reopening the Kahiki restaurant is on hold because we are concentrating in making the best Asian frozen foods that is on the market.
Mahalo,
Alice Tsao

sorry i haven't gotten back to y'all about kahiki as an investment. plan to take a more thorough look this friday or the coming monday.

however i did happen upon this article:

Kahiki Foods Announces Record Sales and Earnings

COLUMBUS, Ohio, Jun 23, 2004 /PRNewswire-FirstCall via COMTEX/ -- Kahiki Foods (Pink Sheets: KSCI) announced today that sales for its fiscal year ended March 31, 2004 were $14,990,000 compared to last year's $9,205,000, an increase of 63%. Earnings were $676,000 compared to last year's loss of $86,000. Basic earnings per share were $0.23 compared to a loss of $.03 for the same period the previous year. Diluted earnings per share were $0.19 compared to a loss of $.03 for the year ended March 31, 2003. Basic weighted average outstanding shares were 2,968,171, compared to 2,964,888 for the same period the previous year. Fully diluted weighted average shares outstanding were 3,506,186 compared to 2,964,888 for the year ended March 31, 2003.

The increase in revenues and earnings is attributable to the company's successful launch of several new products and increased penetration in both retail and membership club stores. The company's rapid growth has been the major driver for constructing a new, state-of-the-art, 119,000-square-foot manufacturing facility in Gahanna, Ohio. This facility will become operational later this summer. It will have capacity to support $75 million in sales and will enhance product quality and operational effectiveness.

In an effort to add visibility to its name in the financial community and benefit present and future shareholders, Kahiki will commence filing quarterly reports with the SEC. This will further the company's goal of obtaining a listing on the over-the-counter market, and as soon as possible, the NASDAQ Small Cap market.

Michael Tsao, president and CEO of the company, said, "Last year was our best performance year ever. We worked very hard to develop and launch many new products. Fortunately, they resonated well with consumers. We also instituted several cost reduction programs that resulted in better efficiencies. We also solidified our management team with important new hires. Obviously, we are pleased with the overall results." Tsao added, "The company is anticipating substantially higher sales and earnings for the first quarter compared to last year's first quarter." He cautioned that "chicken prices were rising rapidly and having an effect on the company's margins. The company is implementing various measures to reduce the effect of increasing costs."

Post #98073 by Tiki Chris on Wed, Jun 23, 2004 7:59 PM