Jul 22, 2004 11:48 AM, from staff and wire reports

CoolBrands International Inc’s revenues for the three months ended May 31, 2004, increased by 128.5% to $187,170,000 from $81,908,000 for the same period a year ago. Net earnings for the three months ended May 31, 2004, rose by 113.5% to $19,126,000, compared with net earnings of $8,957,000 for the same period in 2003.

Growth in revenues for the three months ended May 31, 2004 reflected higher sales of pre-packaged consumer products. These include incremental sales from Americana Foods, Eskimo Pie Frozen Distribution, and from the Dreamery and Whole Fruit brands, as well as the Godiva brand license acquired in July 2003 and drayage income.

Sales for the three months ended May 31, 2004, skyrocketed by 119.4% to $173,247,000 versus $78,978,000 for the same period a year earlier. Drayage and other income climbed to $12,854,000 for the three months ended May 31, 2004.