Armanino Foods of Distinction, Inc. Announces Record Profits for the First Quarter of 2013

  Armanino Foods of Distinction, Inc. Announces Record Profits for the First
  Quarter of 2013

Business Wire

HAYWARD, Calif. -- April 19, 2013

Armanino Foods of Distinction, Inc. (OTC Pink Sheets Symbol: AMNF) today
reported record first quarter profits and earnings per share.

Net sales for the first quarter ended March 31, 2013 were $6,669,072 compared
to $6,683,614 for the first quarter of 2012, a slight decrease of
approximately 0.2%.

Income from operations before taxes for the first quarter of 2013 was
$1,216,261 compared to $1,046,592 for the comparable quarter a year ago, an
increase of about 16% which is a Company first quarter record.

Earnings per share for the first quarter of 2013 was $0.0233 compared to
$0.0197 for the same quarter a year ago, an increase of more than 18%.

Edmond J. Pera, President and CEO of Armanino Foods, said, “We are pleased
with our record-breaking profitability for the first quarter. Favorable
changes to our sales product mix, as well as our recent sales price increases,
were significant factors contributing to our strong financial results. While
our sales for the first part of the quarter were below last year’s level,
activity for the latter part of the quarter picked up significantly with the
quarter ending with very strong results. This trending suggests to us that, as
we have seen before, customers ramped up their purchases prior to year end
2012 in anticipation of the 2013 price increases.”

Pera concluded, “We are cautiously optimistic that our sales and profitability
will remain strong for the remainder of this year.”

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 First Quarter Ended March 31, 2013 (Unaudited)
                                        2013                2012
Net Sales                               $6,669,072          $6,683,614
Income From Cont. Operations Before     $1,216,261          $1,046,592
Taxes
Net Income                              $746,419            $642,921
Basic Income Per Common Share           $0.0233             $0.0197
Weighted Average Common Shares          32,015,381          32,679,679
Outstanding
Diluted Income/(Loss) Per Common Share  $0.0233             $0.0197
Diluted Weighted Average Common Shares  32,088,320          32,704,559
Outstanding

This press release contains forward-looking statements within the meaning of
U.S. securities laws. These forward looking statements are subject to certain
risks and uncertainties that could cause the actual results to differ
materially from those projected. The Company assumes no obligation to update
the information included in this press release.

Contact:

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