SKOR REPORTS STRONG EARNINGS GROWTH FOR THE 2010 FOURTH QUARTER AND FISCAL YEAR

TORONTO, Dec. 22 /CNW/ -- 
TORONTO, Dec. 22 /CNW/ - The Skor Food Group Inc. (TSX.V: SKF)("SKOR"),
 a fully integrated food service company announced its fourth quarter
 and year end financial results for the period ended August 31, 2010.






 ______________________________________________________________________________________________________________
|                                          | |           | | |                 | | |   4(th)  | |  |    4(th)  |
|                                          | |           | | |                 | | |  Quarter | |  |   Quarter |
|                                          | |Year ended | | |     Year ended  | | |   ended  | |  |    ended  |
|                                          | |  8/31/10  | | |       8/31/09   | | |  8/31/10 | |  |   8/31/09 |
|__________________________________________|_|___________|_|_|_________________|_|_|__________|_|__|___________|
|                                          | |           | | |                 | | |          | |  |           |
|__________________________________________|_|___________|_|_|_________________|_|_|__________|_|__|___________|
|Revenue                                   |$|           | |$|      137,590,885| |$|38,635,077| |$ | 36,489,982|
|                                          | |140,645,093| | |                 | | |          | |  |           |
|__________________________________________|_|___________|_|_|_________________|_|_|__________|_|__|___________|
|Gross Profit                              |$| 23,192,959| |$|       22,216,591| | |          | |  |           |
|EBITDA* - (excluding discontinued         |$|           | |$|        3,033,054| | | 5,794,439| |  |  5,406,863|
|operations)                               |$|  4,317,265| |$|        1,224,935| | |          | |  |           |
|EBITDA* - (including discontinued         | |           | | |                 | | | 1,605,197| |  |    726,328|
|operations)                               | |  3,821,736| | |                 | | |          | |  |           |
|                                          | |           | | |                 | | | 1,331,047| |  |    146,637|
|__________________________________________|_|___________|_|_|_________________|_|_|__________|_|__|___________|
|Earnings/(Loss) from continuing operations|$|           | |$|         (82,991)| | |          | |  |           |
|                                          | |  1,917,736| | |                 | | |   591,961| |  |(1,202,505)|
|__________________________________________|_|___________|_|_|_________________|_|_|__________|_|__|___________|
|Earnings/(Loss) including discontinued    |$|  1,422,207| |$|      (1,891,030)| | |          | |  |           |
|operations                                | |           | | |                 | | |   272,707| |  |(1,927,024)|
|__________________________________________|_|___________|_|_|_________________|_|_|__________|_|__|___________|
|EPS (basic)                               |$|        .06| |$|            (.07)| | |       .01| |  |           |
|                                          | |           | | |                 | | |          | |  |      (.07)|
|__________________________________________|_|___________|_|_|_________________|_|_|__________|_|__|___________|
|Shares outstanding (basic)                | | 25,843,803| | |       25,968,933| | |25,830,190| |  | 25,855,670|
|__________________________________________|_|___________|_|_|_________________|_|_|__________|_|__|___________|





*EBITDA  - Is a non-GAAP measure - earnings before interest, tax,
 depreciation and amortization.


SKOR enters fiscal 2011 in a strong financial position with cash and
 cash equivalents of $7,231,263, working capital of $11,970,706 and a
 debt to equity ratio of 0.14:1. 


"The tough decisions taken in the past two years have had the intended
 positive impact on the financial results of the company. We are pleased
 with the turnaround in profitability and encouraged by the prospects
 for the future" said Vince Capobianco, President and CEO.  "Today, SKOR
 has the infrastructure in place to service substantial new business and
 is generating surplus cash flow to make accretive acquisitions, when
 they fit into our core competencies of food distribution and
 manufacturing."


SKOR, is a vertically integrated, full service, mid sized, wholesale
 food supplier to the food service and retail industries. SKOR services
 a wide range of multi location food service establishments, quick
 service restaurant chains, day care facilities, government
 institutions, independent food service operators, independent grocery
 stores as well as vending operators and convenience stores in Ontario.


The TSX Venture Exchange has not reviewed and does not accept
 responsibility for the adequacy or accuracy of this release.


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pVince Capobianco, President and CEO, [phone] ext 234, a href="mailto:[e-mail]"vincec/aa href="mailto:[e-mail]"@skorfoodgroup.com/abr/ John Lewis, Linear Capital Corp., [phone], 1-877-954-6327, a href="mailto:[e-mail]"jrlewis@linear/aa href="mailto:[e-mail]"capital.com/a/p

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