OPERATING ASSETS OF INTERNATIONAL MENU SOLD

TORONTO  April  10  /PRNEWSWIRE/  -  International  Menu  Solutions  Corporation
("MENU")  announces  that on April 5, 2001 its banker,  the Bank of Nova Scotia,
sought and  obtained the  appointment  of an Interim  Receiver  from the Ontario
Superior Court of Justice over all of the assets,  property and  undertakings of
International Menu Solutions  Inc.("IMSI"),  the operating  subsidiaries of IMSI
and over the shares of  Huxtable's  Kitchens  Inc.,  which are owned by MENU. In
addition,  Southbridge  Investment  Partnership  No. 1, a secured debt holder of
IMSI, petitioned MENU's Canadian  subsidiaries into bankruptcy.  Concurrent with
these  actions,  the  Ontario  Superior  Court of Justice  approved  the sale of
substantially all of the assets of IMSI and its subsidiaries,  and the shares of
Huxtable's   Kitchens  Inc.  by  the  Interim  Receiver  to  International  Menu
Partnership (whose name was subsequently  changed to HMR Foods Partnership),  an
affiliate of Southbridge Investment Partnership No. 1.

On April 6,  2001 the  Interim  Receiver,  under  the  direction  of the  Court,
concluded  the sale  transactions  such  that  the  businesses  operated  by the
subsidiaries will be continuing without  interruption under the ownership of HMR
Foods Partnership.

The only asset in the name of MENU itself  directly  affected  by the  foregoing
proceedings  are the shares of Huxtable's  Kitchens Inc. There was no bankruptcy
action taken against MENU or Huxtable's  Kitchens Inc., but as a result of these
proceedings,  MENU has been left with no business  activities and no substantial
assets.

MENU confirms  that,  while it did not consent to or approve of any sale,  given
its financial position, it did not oppose the Bank's application.

In  addition,  MENU  announced  that it has  accepted  the  resignations  of the
officers of MENU and IMSI. MENU also accepted the resignations of Victor Fradkin
and Michael  Steele from its Boards of Directors of MENU and IMSI.

Certain  statements  contained in this press  release do not relate  strictly to
historical or current facts are "forward-looking"  statements as defined in U.S.
federal law.  Forward-looking  statements  us such words as "plans",  "expects",
"will",  "will  likely  result",   "are  expected  to",  "will  continue",   "is
anticipated",  "estimate",  "project",  "believes",  "anticipates",   "intends",
"expects",  "may",  "should",  "continue",  "seek",  "could",  and other similar
expressions.  Although the Company  believes that its  expectations are based on
reasonable  assumptions,  it can give no assurance that its expectations will be
achieved.  The  important  factors  that could  cause  actual  results to differ
materially from those in the forward-looking  statements herein (the "Cautionary
Statements")  include,  without  limitation,  the  ability  of  the  Company  to
successfully  implement its strategies and business plans, risks associated with
acquisitions  and the  integration  thereof,  competitive  factors  and  pricing
pressures; relationships with manufacturers,  banks, and distributors; legal and
regulatory requirements; general economic conditions; as well as the other risks
referenced  from time to time in the Company's  filings with the  Securities and
Exchange Commission.  All subsequent written and oral forward-looking statements



attributable  to the  Company  or persons  acting on its  behalf  are  expressly
qualified in their entirety by the Cautionary  Statements.  The Company does not
undertake   any   obligation   to  release   publicly  any   revisions  to  such
forward-looking  statements to reflect  events or  circumstances  after the date
hereof or to reflect the occurrence of unanticipated events.