DIT AMCON Distributing Co

AMCON Distributing Company (AMEX:DIT), an Omaha, Nebraska based consumer products company announced that it has reached an agreement with the American Stock Exchange ("AMEX") pursuant to which shares of AMCON's common stock will continue to be listed. AMCON is presently not in compliance with the listing standards of the AMEX because it has failed to file its Form 10-K for the year ended September 30, 2005 and Form 10-Qs for the quarters ended December 31, 2005 and March 31, 2006 with the Securities and Exchange Commission. AMCON's listing is being continued pursuant to an extension granted by the AMEX. AMCON is working closely with officials of the AMEX on a compliance plan and has targeted a completion date of August 15, 2006. Andrew Plummer, AMCON's Chief Financial Officer, commented "We believe it is important to note that our consumer products distribution business, which is among the leaders in the industry, is vibrant and continues to generate positive earnings. In addition, our retail health food business is generating significant cash flow and is demonstrating an encouraging trend of profitability in fiscal 2006. Our two core businesses represent over $800 million in revenues and 98% of AMCON's total sales in fiscal 2005. We have a solid working relationship with our bank group, and are readily servicing our obligations to customers and vendors in the ordinary course of business. We appreciate the efforts the AMEX has made to work with us and are keeping them informed of our continuing progress as we work diligently with our auditors toward completion of our audited fiscal 2005 financial statements." AMCON is a leading wholesale distributor of consumer products, including beverages, candy, tobacco, groceries, food service, frozen and chilled foods, and health and beauty care products with distribution centers in Illinois, Missouri, Nebraska, North Dakota and South Dakota. Chamberlin's Natural Foods, Inc. and Health Food Associates, Inc., both wholly-owned subsidiaries of The Healthy Edge, Inc., operate health and natural product retail stores in central Florida (6), Kansas, Missouri, Nebraska and Oklahoma (4). The retail stores operate under the names Chamberlin's Market & Cafe and Akin's Natural Foods Market. Hawaiian Natural Water Company, Inc. produces and sells natural spring water under the Hawaiian Springs label in Hawaii and other foreign markets and purified bottled water on the Island of Oahu in Hawaii. The natural spring water is bottled at the source on the Big Island of Hawaii. This news release contains forward-looking statements that are subject to risks and uncertainties and which reflect management's current beliefs and estimates of future economic circumstances, industry conditions, Company performance and financial results. A number of factors could affect the future results of the Company and could cause those results to differ materially from those expressed in the Company's forward-looking statements including, without limitation, availability of sufficient cash resources to conduct its business and meet its capital expenditures needs. Moreover, past financial performance should not be considered a reliable indicator of future performance. Accordingly, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 with respect to all such forward-looking statements. Visit AMCON Distributing Company's web site at: www.amcon.com