Competition

The salad dressing market is highly competitive. The Company competes with refrigerated dressings as well as shelf-stable products. Outside the refrigerated sector of the industry, Kraft, Select, Hidden Valley and Lighthouse, remain large competitors in the retail section. While the Company does produce shelf-stable products under the Excelle label and for private labels and food service, it is not a significant competitor in this area.

The Company's branded products compete with other larger and more capitalized food companies that manufacture refrigerated dressings, sauces and marinades. The larger competitors who also place their...