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Shareholders of Host America Corp. have approved the sale of the companys foodservice operations

Food Management Staff

October 23, 2007

1 Min Read
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FM Staff

Shareholders of Host America Corp. have approved the sale of the company’s foodservice operations in order to concentrate on the energy conservation management business. The announcement follows the settlement of a class action lawsuit stemming from a 2005 stock manipulation incident for which the company agreed to pay $2.4 million. Host America, which will changes its name to EnerLume Energy Management Corp., received $3.7 million for the two divested units: Host America Corporate Dining, a cafe management operation, and Lindley Food Service, which manufactures meals for meals-on-wheels and school dining programs. They will be operated separately.

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Food Management Staff

Food Management is a media brand that features trends and best practices, products and solutions that connect deeply with the noncommercial foodservice professional. Four key onsite segments — College & University, K-12, Healthcare, and Business & Industry dining — are the focal points in our coverage. Our audience receives both the big picture information they need as well as segment specific knowledge to run their businesses better.

Food Management pillar features include Best Concepts, Top 50 Contract Management Companies and Innovators of the Year. Food Management is part of the Informa Restaurant & Food Group, which includes Nation’s Restaurant News, Restaurant Hospitality, Food Management and Supermarket News

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