Paradise, Inc. (OTCBB: PARF) announced net income of $698,138 or $1.34 per share for the year ended December 31, 2010 versus $409,804 or $.79 per share for 2009. Total Net Sales for 2010 were $23,964,543 compared to $23,153,794 for 2009. The Board of Directors declared an annual dividend of $.10 per share of Paradise, Inc. common stock, payable on April 22, 2011 to shareholders of record at the close of business on April 15, 2011.
The Company’s Annual Shareholder Meeting is scheduled for May 31, 2011 for Shareholders of Record as of April 21, 2011.
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.