Armanino Foods of Distinction, Inc. Announces Record Sales and Profits for the Fourth Quarter and the Year 2012

  Armanino Foods of Distinction, Inc. Announces Record Sales and Profits for
  the Fourth Quarter and the Year 2012

Business Wire

HAYWARD, Calif. -- February 15, 2013

Armanino Foods of Distinction, Inc. (OTC Pink Sheets Symbol: AMNF) today
reported record sales and profits for the fourth quarter and for the year
ended December 31, 2012.

Net sales in the fourth quarter were $7,089,753, reflecting an increase of 19%
from the $5,981,843 posted in 2011’s fourth quarter. Pre-tax profit from
continuing operations for the same period in 2012 was $908,676 compared to
2011’s fourth quarter profit of $644,063, an increase of 41%. Net income for
the fourth quarter of 2012 reached $657,260 comparing favorably to 2011’s
fourth quarter net income of $487,434, an increase of 35%. Earnings per share
for the fourth quarter of 2012 were $0.020 compared to $0.015 in 2011, an
increase of 33%. All fourth quarter 2012 results described above are records.

For the twelve months ended December 31, 2012 sales were $27,960,113 up 13%
from the $24,834,623 reported in calendar year 2011. Income from continuing
operations before taxes rose 21%, from $3,743,460 a year ago to $4,544,584 in
2012. Net income for the year ended December 31, 2011 amounted to $2,391,566
compared to $2,888,663 in 2012, an increase of 21%. Basic income per common
share for 2012 amounted to $0.090 versus $0.071 in 2011, an increase of 27%.
All annual 2012 numbers reported above are new records for the fourth year in
a row.

Edmond J. Pera, President and CEO stated, “We are extremely gratified with our
results this year as all sales and earnings for the 2012 quarters exceeded the
comparable periods a year ago.”

Pera continued, “The severe drought in most of the United States during 2012
has resulted in higher costs for many of our raw material ingredients. These
conditions caused us to institute a price increase on some of our core
products effective in January 2013, the first in almost two years. We believe
that our ability to hold prices down during this time period allowed us to
continue to gain market share. We do not believe that our current price
increase will materially affect sales, but will allow us to maintain our
margins.”

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               32,136,565     32,933,314
Outstanding
                                                                  
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               32,299,167     33,755,778
Outstanding

Contact:

Armanino Foods of Distinction, Inc.
Edgar Estonina, 510-441-9300
CFO
amnf@armaninofoods.com
 
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