The UniMark Group, Inc. Reports Results for Year Ending December 31, 2000

Apr 03, 2001, 01:00 ET from The UniMark Group, Inc.

    BARTONVILLE, Texas, April 3 /PRNewswire/ -- The UniMark Group, Inc.
 (OTC Bulletin Board:   UNMG) reported today a fully diluted net loss of
 $0.82 per share for the year ending December 31, 2000 versus a net loss of
 $0.97 for the previous year ending December 31, 1999.  Net sales for the year
 ending December 31, 2000 decreased 31% to $45.2 million compared to $66.2
 million for the comparable period in 1999.  Company management stated that the
 loss for the year and the decreased sales were due to a variety of factors
 including: discontinuation of unprofitable product lines and product
 offerings, reduced wholesale club sales demand, changes in packaged fruit
 supply commitments, depressed worldwide pricing in citrus juice, impact of the
 Del Monte Foods Company transaction, write offs resulting from the Company's
 operational restructuring and elimination of substantially all the Company's
 U.S. retail based infra-structure.
 
 
                            The UniMark Group, Inc.
                            Year Ended December 31,
 
                                                        2000           1999
                                                       (In thousands, except
                                                           per share data)
 
     Net sales                                       $ 45,191       $ 66,223
     Loss from operations                             (12,330)        (9,167)
     Net loss                                         (11,363)       (12,996)
     Loss per share
       Basic and diluted                               $(0.82)        $(0.97)
     Basic and diluted weighted
      average shares outstanding                       13,938         13,462
 
 
     UniMark President and CEO Emilio Castillo stated, "Beginning September
 2000 with the Del Monte Foods Company transaction, we have made a fundamental
 shift in our company's strategic direction.  We believe that the anticipated
 increased production volume under the long-term supply agreement with Del
 Monte Foods Company, coupled with increased operational efficiencies should
 reflect a marked difference financially as we move toward profitability and
 meaningful growth in our packaged fruit segment during 2001.  Also, we believe
 that our Lemon Project, which is approaching completion, should have an
 increasingly positive impact on long-term shareholder value."
 
     About The UniMark Group, Inc.
     The UniMark Group, Inc. is a leading multinational grower and producer of
 quality citrus and tropical fruit products supplying major branded food
 companies in the United States and selected countries worldwide.  The Company
 is publicly traded on the Over-the-Counter Bulletin Board under the symbol
 "UNMG.OB".
 
      Contact:  Emilio Castillo, President and CEO or
                David E. Ziegler, CFO/Investor Relations
                817-491-2992
 
     Further information about UniMark may also be obtained from a number of
 sources via the Internet.  Government filings may be accessed through
 www.freeedgar.com and additional information may be obtained at
 http://finance.yahoo.com.
     NOTE: The foregoing is news relating to The UniMark Group, Inc. (the
 "Company") and contains forward-looking statements, which are made pursuant to
 the safe harbor provisions of the Private Securities Litigation Reform Act of
 1995.  The forward-looking statements involve risks and uncertainties that
 could cause actual results to differ materially from the forward-looking
 statements.  When used in this report, the words "anticipate," "believe,"
 "estimate," "expect" and similar expressions as they relate to the Company or
 its management, including without limitation, the Company and its other
 subsidiaries, are intended to identify such forward-looking statements.  The
 Company's actual results, performance or achievements could differ materially
 from the results expressed in, or implied by these forward-looking statements.
 For a discussion of additional factors that may affect actual results,
 investors should refer to the Company's filings with the Securities and
 Exchange Commission, in particular, those factors listed under "Risk Factors"
 in the Company's annual report on Form 10-K for the fiscal year ended
 December 31, 2000.  This does not constitute an offer to buy or sell
 securities by the Company, its subsidiaries or any associated party and is
 meant purely for informational purposes.
 
 

SOURCE The UniMark Group, Inc.
    BARTONVILLE, Texas, April 3 /PRNewswire/ -- The UniMark Group, Inc.
 (OTC Bulletin Board:   UNMG) reported today a fully diluted net loss of
 $0.82 per share for the year ending December 31, 2000 versus a net loss of
 $0.97 for the previous year ending December 31, 1999.  Net sales for the year
 ending December 31, 2000 decreased 31% to $45.2 million compared to $66.2
 million for the comparable period in 1999.  Company management stated that the
 loss for the year and the decreased sales were due to a variety of factors
 including: discontinuation of unprofitable product lines and product
 offerings, reduced wholesale club sales demand, changes in packaged fruit
 supply commitments, depressed worldwide pricing in citrus juice, impact of the
 Del Monte Foods Company transaction, write offs resulting from the Company's
 operational restructuring and elimination of substantially all the Company's
 U.S. retail based infra-structure.
 
 
                            The UniMark Group, Inc.
                            Year Ended December 31,
 
                                                        2000           1999
                                                       (In thousands, except
                                                           per share data)
 
     Net sales                                       $ 45,191       $ 66,223
     Loss from operations                             (12,330)        (9,167)
     Net loss                                         (11,363)       (12,996)
     Loss per share
       Basic and diluted                               $(0.82)        $(0.97)
     Basic and diluted weighted
      average shares outstanding                       13,938         13,462
 
 
     UniMark President and CEO Emilio Castillo stated, "Beginning September
 2000 with the Del Monte Foods Company transaction, we have made a fundamental
 shift in our company's strategic direction.  We believe that the anticipated
 increased production volume under the long-term supply agreement with Del
 Monte Foods Company, coupled with increased operational efficiencies should
 reflect a marked difference financially as we move toward profitability and
 meaningful growth in our packaged fruit segment during 2001.  Also, we believe
 that our Lemon Project, which is approaching completion, should have an
 increasingly positive impact on long-term shareholder value."
 
     About The UniMark Group, Inc.
     The UniMark Group, Inc. is a leading multinational grower and producer of
 quality citrus and tropical fruit products supplying major branded food
 companies in the United States and selected countries worldwide.  The Company
 is publicly traded on the Over-the-Counter Bulletin Board under the symbol
 "UNMG.OB".
 
      Contact:  Emilio Castillo, President and CEO or
                David E. Ziegler, CFO/Investor Relations
                817-491-2992
 
     Further information about UniMark may also be obtained from a number of
 sources via the Internet.  Government filings may be accessed through
 www.freeedgar.com and additional information may be obtained at
 http://finance.yahoo.com.
     NOTE: The foregoing is news relating to The UniMark Group, Inc. (the
 "Company") and contains forward-looking statements, which are made pursuant to
 the safe harbor provisions of the Private Securities Litigation Reform Act of
 1995.  The forward-looking statements involve risks and uncertainties that
 could cause actual results to differ materially from the forward-looking
 statements.  When used in this report, the words "anticipate," "believe,"
 "estimate," "expect" and similar expressions as they relate to the Company or
 its management, including without limitation, the Company and its other
 subsidiaries, are intended to identify such forward-looking statements.  The
 Company's actual results, performance or achievements could differ materially
 from the results expressed in, or implied by these forward-looking statements.
 For a discussion of additional factors that may affect actual results,
 investors should refer to the Company's filings with the Securities and
 Exchange Commission, in particular, those factors listed under "Risk Factors"
 in the Company's annual report on Form 10-K for the fiscal year ended
 December 31, 2000.  This does not constitute an offer to buy or sell
 securities by the Company, its subsidiaries or any associated party and is
 meant purely for informational purposes.
 
 SOURCE  The UniMark Group, Inc.