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SUBSEQUENT EVENTS
9 Months Ended
Sep. 30, 2012
SUBSEQUENT EVENTS  
SUBSEQUENT EVENTS
13. SUBSEQUENT EVENTS
 
BPI - ALDI TERMINATION OF ITS CONTRACT WITH BPI
 
Effective  November 2, 2012, BPI has stopped  production at the Jefferson Street
facility due to BPI's primary customer, Aldi, terminating its contract with BPI.
The contract  termination has necessitated  layoffs of production  personnel and
wage  reductions  of  remaining  personnel  in order to  minimize  losses  until
production  resumes at the Jefferson Street  facility.  As of the time of filing
there are many ongoing discussions and opportunities for new business,  however,
BPI has not yet secured a significant contract with a new customer.
 
On November 30, 2012, BPI will be  terminating  the equipment and facility lease
which allows for  production at the South Street  facility.  It is  management's
intention to enter into a co-packing  agreement for all of the products formerly
produced internally with other bakeries in order to continue to provide the same
product  offerings without  operating the facility.  Management  intends to move
existing  equipment  owned but residing at its South Street facility and install
it at the Mt.  Pleasant  Street  facility.  Management  intends to return to its
business  plan of operating the South Street  facility  thereby  reducing  fixed
overhead and variable  costs by using cross trained  personnel and providing its
customer base the  opportunity to purchase one or all three of its product types
in less than trailer load quantities but obtain cost effective logistics through
a combined load of all products offered by BPI.