Recipe Unlimited Corp. and Recipe Unlimited Steakhouse Announce Separation Agreement

“We will begin the transition of leadership immediately, with the goal of implementing a new model to enable Recipe Unlimited to continue to grow while meeting the continuing business needs of both the Keg and Recipe Unlimited,” said Aisenstat. “In the short term, we will ensure that the Keg continues to receive maximum value from our brands through the execution of our current suite of products and services for customers. Over the longer term, we anticipate that Recipe Unlimited will continue to grow substantially, resulting in continued strong revenue and profit growth.”

In an effort to effect a smooth transition and ensure a smooth transition, Recipe Unlimited’s board has appointed Mr. Nelli Kalinsky, of Floral & Civil Design Ltd., to serve as a company consultant to assist with the smooth transitioning of leadership roles, and to provide the company with the assistance of a law firm to further assist with corporate governance.

All remaining employees will be released from employment immediately upon completion of the separation agreement.

About Recipe Unlimited

Recipe Unlimited Corp. is the largest privately-held North American company for pre-packaged meals. The Menu Power Meal® system leverages the rapidly changing landscape of social, consumer and food trends to deliver convenient, premium food and beverage solutions in every format from ready-to-cook meals and microwavable meals, to ready-to-drink products. Recipe Unlimited product portfolio includes numerous brands and product flavors sold nationally.

Recipe Unlimited Corp. is headquartered in San Diego, California and employs approximately 900 people.

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