Stearns & Lehman, Inc. (Nasdaq: SLHN), a multinational manufacturer and distributor of world-class specialty flavoring syrups, smoothies, granitas and other specialty beverage products announced today record sales and earnings for the first quarter ended July 31, 2000.The Company reported a 126% increase in net income and a 41% increase in total sales for the quarter ended July 31, 2000 compared to the quarter ended July 31, 1999.