GENERAL

We are engaged in the development, production and marketing of TOFUTTI(R) brand nondairy frozen desserts and other food products. TOFUTTI products are nondairy, soy-based products which contain no butterfat, cholesterol or lactose. Our products are 100% milk free yet offer the same texture and full-bodied taste as their dairy counterparts. Our products are also free of cholesterol and derive their fat from soy and corn, both naturally lower in saturated fat than dairy products.

Due to the closure of our main frozen dessert manufacturing facility by its owner in July 2005, we concentrated most of our efforts during 2005 in securing new...