Armanino Foods of Distinction, Inc. Posts Highest Quarterly Sales and Income in Its History

Armanino Foods of Distinction, Inc. (Pink Sheets Symbol: AMNF) today reported record quarterly sales, record quarterly pre-tax income and record quarterly net income, making it the highest quarter in the Company’s history.

Net Sales for the third quarter ended September 30, 2009 were $5,424,802 as compared to $5,203,503 for the same period in 2008, an increase of 4%. The company’s focus on food service chains, industrial accounts and international market opportunities all contributed to the increase. Net sales for the nine months ended September 30, 2009 were $15,400,875 as compared to $14,711,920 for the same quarter in 2008, an increase of 5%, also a company record.

Income from continuing operations before taxes for the third quarter of 2009 was $795,141 compared to $511,987, an increase of 55%. The gain is attributable to many factors. The two most prominent are a favorable product mix and stringent cost controls in all areas of the business. Income from continuing operations before taxes for the nine months ended September 30, 2009 was $1,931,241 as compared to $1,199,900 for the comparable 2008 period, an increase of 61%, also a company record.

The company reported net income for the third quarter of $486,478 compared to $25,694 after an extraordinary loss of $294,118 for the comparable quarter a year ago. Basic income per common share for the quarter amounted to $0.014 versus $0.001 last year. Basic earnings per share of $0.034 for the nine months ended in 2009 versus $0.013 for the nine months ended 2008.

Edmond J. Pera, President and CEO of Armanino Foods, said, “Our sales force, allied with our brokers and distributors, have done an excellent job in opening new accounts.”

Pera stated further, “We expect that our retail business will have a strong fourth quarter as we roll out our meatball business to various retailers who are committing to full truckloads for the holiday season.”

Pera concluded, “Our initial orders and sales in the first month of the fourth quarter indicate that our positive momentum will continue in the quarter.”

Armanino Foods of Distinction, Inc. is an international food company that manufactures and markets frozen Italian specialty food items such as pesto sauces and filled pastas to the foodservice, retail, and industrial markets. In addition to a classic Basil Pesto Armanino offers other flavors such as Cilantro, Dried Tomato & Garlic, Roasted Red Bell Pepper, Southwest Chipotle, Artichoke, Roasted Garlic, Ancho Chile and Mediterranean. Armanino’s Organic line includes classic Basil Pesto. Frozen pastas, sauces, spreads, meatballs and Focaccia are also offered by Armanino Foods.