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A) Includes results of operations for Los Angeles Nut House.
Schwartz, vice president and chief financial officer, stated, "The favorable results for the second quarter are due to the inclusion of operations of Los Angeles Nut House which continues to progress according to plan.
MEI also recently announced completion of the sale of its wholly owned subsidiaries, Los Angeles Nut House and Fairhope Nut Processing, Inc.
It's these two who have kept me out of the nut house over the last eight weeks.
Robert Thomas, president of Jimbo's Jumbos, stated that this additional supply of farmer's stock peanuts will help meet the requirements of the Los Angeles Nut House for both in shell and shelled peanuts, and will add significant unit volume to the company's shelling plants.
In May 1992, Jimbo's Jumbos, a 73 percent owned public subsidiary, completed the acquisition of Los Angles Nut House and Fairhope Nut Processing which will increase its West Coast presence and add new nut products to its existing line of peanut products.
As previously stated in our March 12 press release, results for the fiscal year should approximate 1990 levels without taking into account the recent acquisition of Los Angeles Nut House and Fairhope Nut Processing.
and the business of the Los Angeles Nut House and Fairhope Nut
Snack Group subsidiaries, Los Angeles Nut House and Fairhope Nut
MEI also announced that the proposed sale of its wholly owned subsidiaries, Los Angeles Nut House and Fairhope Nut Processing, Inc.
Jimbo's Jumbos also reported that it has signed a letter of intent to acquire certain assets and the business of the Los Angeles Nut House and Fairhope Nut Processing subsidiaries of MEI Diversified Inc.