Armanino Foods of Distinction Inc (AMNF)

[10 bagger]

AMNF.. $0.86.. Added again Yesterday and today at highs.... Is in my BTHB11..

What's not to like,, Growing bottom line,, new customer group and a recession resistant product.. Try thier pesta sauses and you will buy the stockk.. Also a div. yeild of 5.81% at current rate.. hank

02/02/11 9:53 AM EST Buy 8224 AMNF Executed @ $0.86 Details | Edit
02/01/11 11:12 AM EST Buy 7888 AMNF Executed @ $0.86 Details | Edit
02/01/11 11:12 AM EST Buy 5000 AMNF Executed @ $0.86 Details | Edit

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Armanino Foods of Distinction, Inc. Ups Regular Quarterly Dividend By 21%

Business Wire - Dec 09 at 14:28

Company Symbols: OTC-PINK:AMNF


HAYWARD, Calif.--(BUSINESS WIRE)-- Armanino Foods of Distinction, Inc. (Pink Sheets:AMNF) today declared an increased regular quarterly dividend of $0.01 per share from its previous amount of $0.00825, an increase of 21%.This dividend will be payable on or about January 28, 2011 to share-holders of record January 3, 2011. This is the Company’s 42nd consecutive quarterly dividend. In addition, the Company has had nine special dividends the last of which was disbursed in October of 2010.

Douglas R. Nichols, Chairman of the Board stated, “We are having an exceptionally strong year and think we should reward our shareholders accordingly. Our balance sheet remains very strong.”

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 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 and Mediterranean. Armanino’s Organic line includes classic Basil Pesto. Frozen pastas, sauces, meatballs and Focaccia are also offered by Armanino Foods.

Armanino Foods of Distinction, Inc.

Edgar Estonina, 510-441-9300

CFO

[e-mail]

Source: Armanino Foods of Distinction, Inc.


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Armanino Foods of Distinction, Inc. Announces Record Growth in Sales (+10%) and Record Growth in Net Income (+34%) For Q3 2010 Compared to Q3 2009

Business Wire - Oct 20 at 13:40

Company Symbols: OTC-PINK:AMNF


HAYWARD, Calif.--(BUSINESS WIRE)-- Armanino Foods of Distinction, Inc. (Pink Sheets Symbol:AMNF) today reported record third quarter sales and profits compared to 2009's third quarter. The previous year's third quarter profit had been the highest quarter in the Company's history before being surpassed by the second quarter of 2010.

Net Sales for the third quarter of 2010 were $5,956,914 as compared to $5,424,802 for Q3 2009, an increase of 10%. All areas of the business continued to grow, especially the international business and industrial market segments.

Income from continuing operations before taxes for the third quarter of 2010 were $1,058,321 compared to $795,141 for the same quarter in 2009, an increase of 33%. Net income for the same periods rose to $650,076 from $486,478, respectively, an increase of 34%.

For the first nine months of 2010, net sales, income before taxes, net income and earnings per share were the highest in the Company's history, materially surpassing the previous records set in 2009.

Net sales for the nine months of 2010 were $17,086,409 compared to $15,400,875 in 2009, an increase of 11%. Net income for the same period rose by 46% to $1,744,402 in 2010 from $1,194,499 in 2009. Earnings per share for the first nine months of 2010 amounted to $0.050 compared to the $0.034 posted in 2009.

Edmond J. Pera, President and CEO of Armanino Foods stated, "We are starting to make some inroads into new industrial accounts as well as large distributors. Also, our existing industrial accounts and international business continues to show strong growth signs."

Pera also stated, "We are expecting our retail business to have a strong fourth quarter because of our Holiday meatball business. We also are anticipating that fourth quarter retail sales for our core products will be aided by the new accounts we have recently opened with three relatively major retail chains. Sales to these new accounts also contributed to the successes of the third quarter."

Pera concluded, "Although our fourth quarter profits a year ago were strong, given indications to date, we anticipate that Q4 2010 profits will exceed them."

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 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, and Mediterranean. Armanino's Organic line includes classic Basil Pesto. Frozen pastas, sauces, meatballs and focaccia are also offered by Armanino Foods.


Armanino Foods of Distinction, Inc.

Results for the Quarter Ended 9/30/10 (Unaudited)

2010 2009

Net Sales $ 5,956,914 $ 5,424,802

Income From Cont. Operations Before Taxes $ 1,058,321 $ 795,141

Net Income $ 650,076 $ 486,478

Basic Income Per Common Share $ 0.019 $ 0.014

Weighted Average Common Shares Outstanding 35,005,606 34,677,780

Diluted Income Per Common Share $ 0.019 $ 0.014

Diluted Weighted Average Common Shares Outstanding 35,075,598 34,924,122

Armanino Foods of Distinction, Inc.

Results for 9-Months Ended 9/30/10 (Unaudited)

2010 2009

Net Sales $ 17,086,409 $ 15,400,875

Income From Cont. Operations Before Taxes $ 2,837,545 $ 1,931,241

Net Income $ 1,744,402 $ 1,194,499

Basic Income Per Common Share $ 0.050 $ 0.034

Weighted Average Common Shares Outstanding 34,937,707 34,677,780

Diluted Income Per Common Share $ 0.050 $ 0.034

Diluted Weighted Average Common Shares Outstanding 35,061,794 34,876,872

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 reports. The Company
assumes no obligation to update the information included in this press
release.







Source: Armanino Foods of Distinction, Inc.