Liberty Flour Mills, Inc. (LFM) was incorporated on December 26, 1958 to engage in the business of manufacturing flour and flour-related products. Prior to October 4, 2005, LFM had three subsidiaries, namely, LFM Properties Corporation, Valero Land Corporation and LFM Land Corporation, all engaged in the business of property development and other related activities. On the said date, however, the three companies were merged, with LFM Properties Corporation as the surviving entity. LFM's products consist mainly of bakery flour products under the brands El Superior, LFM Baker, Pine Tree, LFM Soft and Gold Medal, which is under license from General Mills, Inc. LFM also produces mill feed, a flour by-product used for animal feeds. LFM's products are exclusively distributed and marketed by Parity Values, Inc., Trade Demands Corporation and Liberty Commodities Corporation. LFM sells its products mainly on wholesale basis principally to members of the baking and food supply industry nationwide. Source: SEC Form 17-A (2008)