Food Technology Service, Inc. Reports FY 2010 Revenue of $3.01M

Food Technology Service, Inc. VIFL today announced financial results for the year ending December 31, 2010. Food Technology Service, Inc. had revenue of $3,010,320 in 2010 which is a 19.6 percent increase over 2009 revenue of $2,515,978. The Company had net income of $1,137,446 or $0.413 per share in 2010 compared to $698,358 or $0.253 per share in 2009. This is an increase of approximately 62.9 percent. Revenue for the fourth quarter of 2010 was $771,991 compared to $640,739 during the same period in 2009. This is an increase of about 20.5 percent.