Subsequent Events

9 Months Ended

Sep. 29, 2012

Subsequent Events

Subsequent Events

9.Subsequent Events

On October 3, 2012 we completed a strategic distribution agreement with Snyder’s-Lance, Inc.  This agreement closed on November 5, 2012.  Upon closing of the agreement, Snyder’s Lance, Inc. assumed all of our independent business operator routes (“IBO”) in the Arizona area.  In exchange, we received a lump sum cash payment as well as increased access to the growing Snyder’s-Lance national distribution network for certain brands.  As a result of this transaction, we will no longer distribute third party partner brands.

Effective October 17, 2012, we signed an agreement with the Uptrails Group LLC to extend the lease of 696 acres of land in Lynden, Washington.  The Lease Amendment provides for an extension of the term of the Lease from May 17, 2017 to May 17, 2027, and an increase in monthly rent from $43,500 to $52,200 starting May 18, 2017.  All other terms and conditions of the lease remain in full force and effect through the extended term, including but not limited to the options to purchase the property or to make a first offer thereon.