Frontier Natural Products Reports Financial Turnaround

Frontier Natural Products Reports Financial Turnaround

NORWAY, IowaOn Jan. 8,Frontier Natural Products Co-op reported it is recovering from the substantialfinancial losses the company incurred two years ago and, as a result, thecompany (www.frontiercoop.com) isagain distributing deferred patronage to its customer-owners. Frontiersprofits are distributed among these members as patronage dividends basedon the amount they individually purchase.

Tony Bedard, the companys chief executive officer,attributes Frontiers rapid return to financial health to aggressive expensecontrol and a management reorganization that reemphasized the co-opstraditional product lines and customer service. An optimistic andenthusiastic effort on the part of our entire staff is the basis for thisremarkable turnaround, Bedard said. And now were again aggressively developingnew products and expanding our services to continue to build on our leadershipin the natural food industry.

In the letter accompanying the deferred patronage checks,Bedard informed members that HerbFestits annual herb and natural healingconferencewould be returning after a two-year hiatus caused by the companysfinancial conditions.