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Armanino
Foods of Distinction, Inc.
Makes In-Depth
Analyst Report Available
To Shareholders, Public
HAYWARD,
CA., (Oct. 30, 2006) Armanino Foods of Distinction (AMNF – Pink Sheets) today
made available to its shareholders and the general public an in-depth analysis
of its operations and prospects made at its request by an independent securities
analyst,
Rebecca Baldridge
, a holder of the CFA designation.
“Because we do not have a relationship with an investment bank,” said
William Armanino, the company’s president and CEO, “there hasn’t been such
a report prior to this.
“We believed that everyone would benefit from a no-holds-barred look at our
past performance, balance sheets, and future.
This kind of analysis I am told is called ‘sponsored research’ and is
often done by small firms such as ourselves who have no investment banking
relationship, but major companies such as IBM and Microsoft have also funded
such reports on their businesses.”
Mr. Armanino said that Ms. Baldridge was paid by the company in advance, with no
prerequisites on the report’s outcome. Nonetheless, he said, the company
believes that its shareholders, the investment community and its customers will
benefit from such a unique glimpse into its operations.
The report is available from the company’s web site (www.armaninofoods.com)
or in hard copy by writing
Teresa Webster
, at Armanino Foods of Distinction, 30588 San Antonio St.,
Hayward
, Ca. 94544.
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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