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Just as your pulse is checked during a routine physical, free cash flow is used as an indicator of a company's health. It equals the cash brought in from operations minus the money needed to pay the bills. Think about leftover money in your checking account after you pay this month's bills.
Investors and analysts see this leftover money as a gauge of a company's ability to perform. It is available for transactions such as handing out dividends and working on new products.
Some argue free cash flow is wrongly overshadowed by the emphasis often placed on earnings. Earnings numbers can be manipulated and don't always tell the whole story -- and earnings don't mean much if there's nothing left over after a company pays its expenses. Even if you bring in a six-figure salary, but no money left after paying the bills, are you in great financial shape?
You don't have to be Einstein to figure out free cash flow. To calculate the number, subtract the company's expenditures and dividends from its operating cash flow.
If the free cash flow is written in red ink, it doesn't necessarily signal curtains. This is common for young companies looking to grow. It also could be a result of heavy investments, which in the long run could be worth a standing ovation.
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Monday, May 05, 2008
Produce Safety & Security International, Inc. Announces Opening of First Midwest Contract Produce Food Safety Processing Operation; Company Provides Complete Food Safe Process Removing Food-Borne Illness Pathogens
Comtex
Lewisville, TX, May 05, 2008 (WORLD STOCK WIRE via COMTEX News Network) ---- Publicly traded Produce Safety & Security International, Inc. (Pink Sheets: PRSF) which provides solutions for the removal of e.coli.OH157:H7, listeria, salmonella from fresh and packaged produce announced today that the company will be opening its first Midwest food treatment center in Cincinnati, Ohio.
“Our first midwest food treatment center will provide a cost effective food safe processes for organic fresh produce meeting all the requirements of organic certification. We will provide chemical and pathogen free produce to help prevent outbreaks of illness," stated Clarence W. Karney CEO Produce Safety & Security International.
The food treatment center will be using a cost effective ozone process to prevent food borne pathogens and viruses and will provide certified food safe produce to the food industry. This specialized produce safety process will provide food safe produce on the truck or in the processing room. This process may also be performed on the truck backed up to the dock or trans loaded using the ozone air processing room to remove the food-borne illness pathogens.
"The use of our food safe process can help extend the shelf life 1 to 20 plus days depending on the commodity, thus reducing the spoilage and providing the retailer with a higher return. Sanitization of the trucks will greatly reduce the loss of produce and we will provide chemical testing by a third party. The main advantages are the removal of illness from fresh produce and reduction of loss from spoilage. If storage, trans-loading or store drop delivery is necessary, we are able to provide these services at a cost effective rate providing a higher return to retailer and sales agent. Additionally, our traceability program is provided from the this facility will be operational on or before June 2, 2008,” added Karney.
About Produce Safety & Security International, Inc. (PRSF)
Produce Safety & Security International, Inc. has developed a food safe process for extending the shelf life of perishables. The EPA-registered products sanitize and disinfect against food borne illness, pathogens and disease-causing bacteria. Our company provides a range of solutions for food processors, beverage processors, grocery stores, restaurants, cruise ship lines, disaster cleanups and municipal programs. Furthermore, the process incorporates a complete audit trail which is an essential component for complying with government regulations in the USA, Canada, Mexico, Europe, Asia and Central and South America.
Produce Safety & Security International, Inc.'s ozone equipment and services has been shown to extend the shelf life and remove food borne illness bacteria. This process will provide retail produce departments reduced shrinkage, increase the bottom line profits and provide a fresher product for the consumer. The customer should be assured of a safe food product, by use of this process, which may also be used on organic produce to remove the pathogens. This process uses no chemicals thus meeting the requirements of organic certification.
Disclaimer:
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Statements in this news release looking forward in time involve risks and uncertainties, including the risks associated with the effect of changing economic conditions, trends in the products markets, variations in the company's cash flow, market acceptance risks, technical development risks, seasonality and other risk factors.
Clarence W. Karney
Produce Safety & Security International, Inc.
2625 Queen Elaine Drive
Lewisville, TX 75056
USA
Phone: 972-899-3828
Fax: 972-899-3837
Source: Produce Safety & Security International, Inc.
Note: The following press release was submitted by: Produce Safety & Security International, Inc., and World Stock Wire, Inc. is not liable for the contents of this press release.
(C) 2008 World Stock Wire, Inc. All rights reserved.
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