DIT AMCON Distributing Co

AMCON Distributing Company(AMEX:DIT) today announced plans to submit a comprehensive plan of compliance to the American Stock Exchange ("AMEX") by October 11, 2006. The plan will address the actions the Company plans to implement in order to be in compliance with Sections 134, 1003(d), 1101, and 1003(a)(i) of the AMEX Company Guide and will specifically address the Company's issue of filing company Form 10-Q's for the periods ending December 31, 2005, March 31, 2006, and June 30, 2006; as well as the issue of shareholders equity less than $2,000,000 and a net loss in two out of the last three years. Decision on a previously submitted plan dated August 24, 2006 has been deferred pending receipt of this new comprehensive plan. Andrew Plummer, AMCON's Chief Financial Officer, noted; "We are confident that we will be able to demonstrate our ability to regain compliance with the AMEX listing standards. We are working on an expedited basis with our new auditors McGladrey & Pullen, LLP to complete the quarterly reports. Additionally, we are continuing to evaluate a number of strategic initiatives available to Management which will enable us to address the shareholders' equity and earnings requirements of the AMEX. We are working closely with the senior officials at the AMEX and are keeping them fully informed of the state of affairs at the Company, and appreciate their sincere efforts to understand the details of our business strategy. We look forward to maintaining our listing and long term relationship with the AMEX." As previously reported, AMCON has received multiple offers for its Hawaii Natural Water Company business unit. The Company is presently in negotiations with several parties and will make a further announcement as circumstances warrant. 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