Message #4 From:
NewsBot Date: October 30, 2006 07:00:00 AM
AMNF News Armanino Foods of Distinction, Inc. Makes In-Depth Analyst Report Available To Shareholders, Public
HAYWARD, Calif.--(BUSINESS WIRE)--Armanino Foods of Distinction (Pink Sheets:AMNF) 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.
