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)
   

2012

2011
 
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)
 

2012

2011
 
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