Landec Restates Q1 FY2013 Financial Statements Increasing Net Income Due to Change in Quarterly Recognition of the Fair Value of Windset

MENLO PARK, Calif., Jan. 2, 2013 (GLOBE NEWSWIRE) — Landec Corporation (Nasdaq:LNDC), today reported that the Company has restated its financial statements for the first quarter of fiscal year 2013 to reflect a $2.9 million increase in the previously reported first quarter fiscal year 2013 fair market value of Windset Holdings 2010 Ltd. (“Windset”).

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