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Armanino
Foods of Distinction, Inc.
Results for Quarter Ended
12/31/04 (Unaudited)
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2004
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2003
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Net Sales
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$ 3,433,016
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$3,611,449
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Net Income Before Taxes
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52,672
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176,717
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Net Income
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78,915 |
155,743 |
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Basic Income Per Common
Share
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0.02 |
0.05 |
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Weighted Average Common Shares
Outstanding
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3,396,956
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3,314,619 |
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Diluted Income Per Common Share
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0.02
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0.04
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Weighted Average Common Shares
Outstanding
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3,558,835
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3,514,286
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Results for 12-Months Ended 12/31/04 (Unaudited)
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2004
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2003
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Net Sales
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$13,138,264
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$13,493,805
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Net Income Before Taxes
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385,602
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349,394
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Net Income
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315,295 |
268,846
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Basic Income Per Common
Share
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0.09
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0.08
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Weighted Average Common Shares
Outstanding
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3,386,701
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3,272,670
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Diluted Income Per
Common Share
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0.09
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0.08
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Weighted Average Common Shares
Outstanding
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3,555,474
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3,421,491
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For More Information Contact: William
Armanino, President & CEO
or Edmond J. Pera, COO - (510) 441-9300
This press release contains
forward-looking statements within the meaning of U.S. securities laws, including
statements regarding the Company's goals and growth prospects. These forward
looking statements are subject to certain risks and uncertainties that could
cause the actual results to differ materially from those projected, including
general economic conditions, fluctuations in customer demand, competitive
factors such as pricing pressures on existing products, and the timing and
market acceptance of new product introductions, the Company's ability to achieve
manufacturing efficiencies necessary for profitable sales at current pricing,
and the risk factors listed from time-to-time in the Company's annual and
quarterly SEC reports. The Company assumes no obligation to update the
information included in this press release.
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