Tastykake needs more time to file report

PHILADELPHIA - March 28, 2011

Tasty Baking requested a 15-day extension Friday for its fourth quarter and annual reports.

The Philadelphia-based maker of Kandy Kakes and Krimpets announced in January that financial difficulties could force a merger or sale after a new $78 million production facility and warehouse failed to produce projected savings.

In Friday's filing, the company said its year-end earnings report will include information from an independent accounting firm "expressing doubt about the Company's ability to continue as a going concern."

Tasty Baking received about $6.5 million in public and private financing following its announcement of financial difficulties in January.

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