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Armanino Foods Of Distinction, Inc. Announces Record Sales And Profits For The Fourth Quarter And The Year 2012

Pera concluded, “The company recently initiated an upgrade to its manufacturing facility with new equipment that will allow us to add new product offerings to our portfolio. We expect the equipment to be up and running sometime in the second half of 2013. We are cautiously optimistic that the new manufacturing capabilities will lead to new sales opportunities.”

Armanino Foods of Distinction, Inc. is an international food company that manufactures and markets frozen Italian specialty food items such as pestos, 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, Light Basil Pesto and Alfredo sauce. Armanino’s Organic line includes classic Basil Pesto. Frozen pastas and meatballs are also offered by Armanino Foods.

Armanino Foods of Distinction, Inc.
Results for the Quarter Ended 12/31/12 (Unaudited)



Net Sales $ 7,089,753 $ 5,981,843
Income From Cont. Operations Before Taxes $ 908,676 $ 644,063
Net Income $ 657,260 $ 487,434
Basic Income Per Common Share $ 0.020 $ 0.015
Weighted Average Common Shares Outstanding 32,082,141 32,899,535
Diluted Income/(Loss) Per Common Share $ 0.020 $ 0.015
Diluted Weighted Average Common Shares Outstanding 32,136,565 32,933,314
Armanino Foods of Distinction, Inc.
Results for 12-Months Ended 12/31/12 (Unaudited)



Net Sales $ 27,960,113 $ 24,834,623
Income From Cont. Operations Before Taxes $ 4,544,584 $ 3,743,460
Net Income $ 2,888,663 $ 2,391,566
Basic Income Per Common Share $ 0.090 $ 0.071
Weighted Average Common Shares Outstanding 32,261,634 33,713,739
Diluted Income/(Loss) Per Common Share $ 0.089 $ 0.071
Diluted Weighted Average Common Shares Outstanding 32,299,167 33,755,778

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