Host America Corporation

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International Guild of Hospitality & Restaurant Managers

Host America Corporation, formed in February 1986, consists of three principal operating divisions: Host Business Dining, Lindley Food Service and Selectforce. Host Business Dining is a contract food management organization that specializes in providing full-service corporate dining and such ancillary services as special event catering and vending and office coffee products to business and industry accounts. The Company's Lindley Food Service subsidiary provides fresh, unitized meals for governmental programs, such as senior nutrition programs, Head Start programs, school breakfast and summer school programs, primarily under fixed-price contracts in Connecticut , Texas and Massachusetts . Its Selectforce subsidiary is a regional employment and drug screening company offering criminal histories, motor vehicle reports, workers compensation records, verification of education and social security numbers, credit reports and previous employment verification.

In August 2001, the Company acquired Contra-Pak, Inc., a provider of shelf-stable food packages for senior meals and disaster-like scenarios. In April 2002, the Company acquired SelectForce, Inc., an employee "screening company" that uses a marketing program and client prospecting lists similar to that of Host America .

Host Business Dining

Since its formation in 1986, Host America has grown from providing food service to colleges and preparatory schools in the New England area to a regional, full-service food service provider for major corporations. The Company also is afforded the opportunity to customize its services at each location to provide cafeteria services, special event catering and vending and office coffee service. At most locations, Host America is the exclusive provider of all available food and beverages and is responsible for hiring and training personnel. Its onsite managers work closely with its corporate officers to ensure continuing food quality and customer satisfaction. Based upon reports supplied by onsite managers, additional services are added as demand changes, including the addition of vending machines, catering facilities and food selection upgrades.

The Company has a number of large, multi-year contracts among its 35 clients. Some of its larger contracts include Pitney Bowes, Inc. of Stamford, Connecticut (five locations), Oxford Health Plans, Inc. of Trumbull, Connecticut (six locations), Georgia Pacific of Norwalk, Connecticut, and Stanley Works of New Britain, Connecticut, and East Greenwich, Rhode Island. The two largest contracts, Oxford Health Plans and Pitney Bowes, accounted for 10% and 9%, respectively, of its total revenue for the fiscal year ended June 30, 2002 (fiscal 2002).

The new facilities, at which Host America provides office dining, catering, coffee and snack services and vending machines are Merritt Crossing in Milford, Connecticut, Harbor Park Associates in Stamford, Connecticut, New England Business Systems in Peterborough, New Hampshire, New England Business Systems in Townsend, Massachusetts, 6 Armstrong Park in Shelton, Connecticut, and Ames Department Stores in Rocky Hill, Connecticut.

Lindley Food Service

The Lindley subsidiary prepares meals for various governmental programs under fixed-price contracts and has a slightly different operational structure. Typically, Lindley will bid on government feeding programs involving schools and senior citizen programs. It operates three food-processing locations that have high-volume production capabilities for breakfast, lunch and after school programs. Lindley's production staff prepares the meals fresh daily and delivers the meals using its own trucks and drivers, directly from the food processing locations to the client's facility. Lindley also offers packaged microwavable senior meals for its meals-on-wheels programs and does congregate feeding. A staff nutritionist monitors the nutritional content of the food produced at each of Lindley's facilities. Lindley operates out of three production sites in the northeast United States .

Selectforce

Selectforce is a regional employment screening company offering a complete package of criminal histories, motor vehicle reports, worker's compensation records, verifications of education and social security numbers, credit reports and previous employment verification. Drug screening (five panel and nine panel) and assessment testing are also available to Selectforce's clients through strategic affiliates. Selectforce has clients in Oklahoma, Texas, Missouri, Kansas and Arkansas . While no customer of Selectforce accounts for over 3% of its total revenue, some of its customers include Manpower, Inc. and Great Plains Coca Cola, Inc.

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