CYF Canyon Creek Food Company Ltd

TSXV Symbol: CYF EDMONTON, Dec. 5, 2011 /CNW/ - Canyon Creek Food Company Ltd., ("Canyon Creek") listed on the TSX Venture Exchange Inc. under the trading symbol "CYF" announces its First quarter results. Listed below are some of the highlights. SALES Canyon Creek sales declined 40% in Q1, fiscal 2012, $267,475 compared to Q1, fiscal 2011 ($400,735 Q1, 2012 vs. $668,110 Q1, 2011). This decrease in sales traces to a discontinuation of its supply agreement with its major retailer. GROSS PROFIT The gross profit margin for the quarter ending August 31, 2011 has decreased by 4.4%. Gross profit margin YTD is 23.0% vs. 27.4% year ago. This decline is driven by the reduction in sales as there is a significant fixed cost portion included in the cost of sales. NET PROFIT The net loss for fiscal Q1, 2012 is $310,619 compared to a loss of $195,726 in fiscal Q1, 2011. This loss is attributable to a decline in sales. Terence Alty, President, states, "Though we are disappointed in our performance on the revenue side of the equation and are working hard to build sales. We continue to focus on increasing our top line through innovative product offerings and building our distribution in the retail channel. ABOUT CANYON CREEK Canyon Creek is a food processing company based in Edmonton, Alberta providing fresh soups and other prepared food products for today's health conscious consumer.  The company provides its fresh food product line to both grocery retailers and a broad range of food service establishments such as restaurants and institutions throughout Canada. This news release contains forward-looking statements which involve known and unknown risks, delays, and uncertainties not under the Company's control which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or expectations implied by these forward-looking statements. The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release. Canyon Creek Food Company Ltd. CONTACT: Mr. Terry Alty, President and DirectorTelephone: 1-888-217-1246. Ext. 226

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