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Armanino
Foods Declares Regular Dividend
for 3rd Quarter of 2006
HAYWARD,
Calif., (Oct. 2, 2006) The
directors of Armanino Foods of Distinction, Inc. (Pink Sheets Symbol: AMNF) have
declared the regular quarterly dividend of 1.25 cents per share for the third
quarter of 2006. It will be payable
on or about October 27, 2006 to shareholders of record as of October 12, 2006.
“This is the 25th consecutive quarterly dividend we will have paid to our
shareholders since June of 2000 without skipping a beat,” said William
Armanino, the company’s president and CEO.
“We’re able to reward our shareholders for their confidence in the
company not just because of our continued strong sales and earnings performance,
but also because of our strong balance sheet.”
In July, the company reported the strongest six month sales in its history, with
fully diluted earnings per share for the first half of the year of 3 cents,
triple the equivalent figure reported for the same period in 2005.
“We have approximately $1,600,000 in cash and equivalents and no long-term
debt on our balance sheet,” he continued.
“This has enabled us to ramp up our production and make further
investments in our sales and marketing staffs without
borrowing.”
Armanino is an international food company that manufactures and markets frozen
basil pesto sauce and numerous other sauces such as Cilantro, Dried Tomato
Garlic, Roasted Red Bell Pepper, Southwest Chipotle, Artichoke, Mushroom,
Alfredo and organic sauces, filled pasta products, meatballs, cooked poultry
products, garlic spreads and focaccia to the food service, industrial,
institutional industry.
Armanino Foods is listed under the stock symbol AMNF.PK
For further information, please contact:
Don Rosendale, Don Rosendale & Partners
(845) 373-9017, DonPR1@aol.com
This press
release contains forward-looking statements within the meaning of
U.S.
securities laws. These forward looking statements are subject to certain risks
and uncertainties that could cause the actual results to differ materially from
those projected. The Company assumes no obligation to update the information
included in this press release.
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