GB Foods Corp., ANAHEIM

Nature of Business: Own and operate Green Burrito restaurants

Total Employees: 201

In Orange County: 104

Stock Listing in The Times: On NASDAQ as “GB Fds”

Ticker Symbol: “GBFC”

Friday’s Close: $3.13

One-Week Change: Up $0.25

Analyst Review: “GB Foods is a solid company in terms of a product, and the concept seems to be catching on. They plan to open 32 more stores this year. Company revenues grew 46% last year, and existing stores have reported 5% increases in sales. The problem is they’re growing rapidly. While that in itself is exciting, there are still a number of concerns. They lost 13 cents a share last year because of some glitches in year-end franchise reporting, and the stock went down. I’d feel more comfortable with the growth if the company hadn’t made this error. At this point, we have a wait-and-see recommendation on the stock. They’re poised to grow and they have a product the consumers like, but they’re going to have to make some changes in the infrastructure in order to handle the growth.”

--David L. Rose, analyst, Cruttenden & Co., Irvine

SALES VS. PROFITS

1987 1988 1989 1990 1991 Sales (in millions) $.093 $1.8 $4.0 $5.8 $8.5 Profit (Loss) (in thousands) ($25.0) $16.7 $50.5 $233.0 ($495.4)

Corporate Outlook: “We’re in a very large expansion mode. In 1992 we should open at least 32 stores for the calendar year--we already opened six during the first quarter. There is a brand new concept being tried: mini food courts. It is two stores in one site. We’re joining with Arby’s and will put in joint stores in Long Beach and Fontana. Our concept is unique because we bring quality restaurant-type food to a fast-food configuration.”

--Robert V. Gibson, executive vice president

3-YEAR SUMMARY AND YEAR-TO-DATE: RETURN ON STOCKHOLDER INVESTMENT

Fiscal year ending Dec. 31 Dec. 31 Dec. 31 Dec. 31 1987 1988 1989 1990 52-Week High* N/A N/A N/A $3.60 52-Week Low* N/A N/A N/A $1.00 Book Value* N/A N/A N/A $1.34 Price per Share* N/A N/A N/A $1.60 Net Earnings (Loss) per Share ($0.01) $0.01 $0.02 $0.08 Price-to-Earnings Ratio N/A N/A N/A 20:1 Average Return to Investor N/A N/A N/A 6%

Fiscal year ending Dec. 31 1991 52-Week High* $7.25 52-Week Low* $1.20 Book Value* $0.85 Price per Share* $4.25 Net Earnings (Loss) per Share ($0.13) Price-to-Earnings Ratio N/A Average Return to Investor 15%

* GB Foods sold 1.3 million shares in its initial public offering Aug. 21, 1990; net proceeds: $3.5 million.

Source: GB Foods Corp.

For information, write, GB Foods Corp.: 2831 E. Miraloma, Anaheim, Calif., 92806. (714) 632-1672