National Beverage Corp. Acts: ‘Foregone Tax Rates Stimulate Shareholder Payback!’

  National Beverage Corp. Acts: ‘Foregone Tax Rates Stimulate Shareholder

Business Wire

FORT LAUDERDALE, Fla. -- November 23, 2012

National Beverage Corp. (NASDAQ:FIZZ) today announced that its Board of
Directors has declared a special cash dividend to shareholders of record at
the close of business on December 5, 2012. The Board directed a range of $1.50
to $3.00 per share and will finalize the per share amount no later than
November 30, 2012. The payment date will be made to avail shareholders of the
current tax treatment in calendar year 2012; and, further, should the
Administration extend or modify its position relative to current tax on
dividends, the Board may extend the payment date to February 1, 2013.

“Our Board views itself as ‘Guardians’ of the shareholders and, as such, will
continue to explore all remedies to enhance shareholder values. The range of
distribution, while protecting the integrity of our balance sheet, are
shareholder values that we will not compromise,” stated Nick A. Caporella,
Chairman and Chief Executive Officer.

“Final services for President Kennedy’s – ‘What You Can Do For Your Country’
were held November 6, 2012. Will traditional ‘Golden Standards’ also go the
way of that challenge? Can the walls of a Fortress Balance Sheet be astute
talent or dynamic creative and insure the same Philosophical Security to the
investor? Does shareholder equity have a significant effect on a company’s
ability to create, innovate and make profits? Or . . . should it be the Idea –
the generation of Cash Flow and the magnet that attracts genius to the Team .
. . that comprise the real granite walls of the Fortress . . . on the Fortress
Balance Sheet?” Caporella added.

“Is tomorrow’s Enterprise Value determined by the brilliance of the idea,
management’s creativity and the magnitude of free cash flow? I certainly hope
so . . .” continued Caporella.

“Confusion, upset, dilemma, change, challenge . . . All are provocateurs for
the Opportunistic and the Innovator! The benefactors are those who engage in
novel thought, for they rest upon – Excellence! We are effervescently engaged
– We are National Beverage Corp.! Just part of our DNA . . .” smiled

National Beverage is highly innovative as a pace-setter in the changing
soft-drink industry, featuring refreshment products that are geared toward the
lifestyle/health-conscious consumer. Shasta® – Faygo® – Everfresh® and
LaCroix® are aligned with Rip It® energy products to make National Beverage .
. . America’s Flavor•Favorite – soft-drink company.

                  “Patriotism” – If Only We Could Bottle It!

           Fun, Flavor and Vitality . . . the National Beverage Way

This press release includes forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. Such forward-looking
statements involve known and unknown risks, uncertainties and other factors
which may cause actual results, performance or achievements of the Company to
be materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements. Such factors include
fluctuations in costs, changes in consumer preferences and other items and
risk factors described in the Company's Securities and Exchange Commission
filings. The Company disclaims an obligation to update any such factors or to
publicly announce the results of any revisions to any forward-looking
statements contained herein to reflect future events or developments.


National Beverage Corp.
Office  of the Chairman
Grace Keene, 877-NBC-FIZZ
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