Paradise, Inc. (OTCBB: PARF) announced net income of $409,804 or $.79 per share for the year ended December 31, 2009 versus $752,141 or $1.45 per share for 2008. Total Net Sales for 2009 were $23,153,794 compared to $25,615,445 for 2008. The Board of Directors declared an annual dividend of $.05 per share of Paradise, Inc. common stock, payable on April 30, 2010 to shareholders of record as at the close of business on April 23, 2010.
The Company’s Annual Shareholder Meeting is scheduled for June 1, 2010 for Shareholders of Record as of April 30, 2010.
Paradise, Inc. is the largest producer and seller of glace’ candied fruit in the U.S. These products are used in fruit cakes and other confections both by commercial bakers and homemakers, and have long been a holiday tradition. The Company also operates Paradise Plastics, Inc. a wholly owned subsidiary, which designs and molds plastics containers for its product line, as well as other custom plastics products for non-affiliated customers.