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Paradise, Inc. Announces 2013 Financial Results and Declaration of Dividend

PLANT CITY, Fla., March 27, 2014 /PRNewswire/ -- Paradise, Inc. (OTC BB: PARF) announced net income of $781,960 or $1.50 per share for the year ended December 31, 2013 versus $1,002,932 or $1.93 per share for 2012. Total Net Sales for 2013 were $24,056,377 compared to $25,702,303 for 2012. The Board of Directors declared an annual cash dividend of $0.11 per share on Paradise, Inc.'s common stock, payable on April 17, 2014 to shareholders of record at the close of business on April 11, 2014.

The Company's Annual Shareholder Meeting is scheduled to be held at 10:00 a.m. on Tuesday, May 27, 2014 for shareholders of record as of April 17, 2014. The meeting will be held at the Company's headquarters located at 1200 W. Dr. Martin Luther King Jr. Blvd., Plant City, Florida 33563.

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.

SOURCE Paradise, Inc.

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