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AMNF .90 x 1.01 fwiw Armanino Foods of Distinction, Inc. Announces 100% Stock Dividend and Regular Quarterly Cash DividendLast update: 3/7/2008 2:29:01 PMHAYWARD, Calif., Mar 07, 2008 (BUSINESS WIRE) -- Armanino Foods of Distinction, Inc. (Pink Sheets:ARMF) announced today a 100% stock dividend to stockholders of record at March 20, 2008. The stock dividend, essentially a 2-for-1 forward split, will be effective on March 31, 2008. Armanino also announced that the board of directors has declared a regular quarterly cash dividend of $.0075 per share to stockholders of record on April 4, 2008. The cash dividend will be payable on or about May 2, 2008. The $.0075 cash dividend has been calculated after taking into account the effect of the 2-for-1 stock dividend which will be effective March 31, 2008. William J. Armanino, President and CEO of Armanino Foods of Distinction said, "Our 2007 record performance and our expectations of solid business performance in 2008 continues to allow us to pay our normal cash dividends to our stockholders. The 100% stock dividend will assist our market makers and potential stockholders as it will allow for a more liquid market for our shares." Armanino Foods of Distinction, Inc. is an international food company that manufactures and markets frozen Italian specialty food items such as pesto sauces and filled pastas to the food service, 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 and Roasted Garlic. Armanino's Organic line includes the classic Basil Pesto as well as Dried Tomato & Garlic pesto. Frozen pastas, sauces, spreads, meatballs, and Focaccia are also offered by Armanino Foods. This press release contains forward-looking statements within the meaning of U.S. securities laws, including statements regarding the Company's goals and growth prospects. These forward looking statements are subject to certain risks and uncertainties that could cause the actual results to differ materially from those projected, including general economic conditions, fluctuations in customer demand, competitive factors such as pricing pressures on existing products, and the timing and market acceptance of new product introductions, the Company's ability to achieve manufacturing efficiencies necessary for profitable sales at current pricing, and the risk factors listed from time-to-time in the Company's annual and quarterly SEC reports. The Company assumes no obligation to update the information included in this press release. SOURCE: Armanino Foods of Distinction, Inc.
Armanino Foods of Distinction, Inc.Edmond J. Pera, CFO, 510-441-9300