Message #3 From:
NewsBot Date: October 2, 2006 07:00:00 AM
AMNF News Armanino Foods Declares Regular Dividend for 3rd Quarter of 2006
HAYWARD, Calif.--(BUSINESS WIRE)--The directors of Armanino Foods of Distinction, Inc. (Pink Sheets: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
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.
