AMCON Distributing Company (�AMCON�) (AMEX:DIT), an Omaha, Nebraska based consumer products company is pleased to announce that the American Stock Exchange (�AMEX� or �Exchange�) has accepted the comprehensive plan of compliance that AMCON submitted on October 11, 2006. As of the filing on November 27, 2006 of the Company�s Form 10-Q for the period ended June 30, 2006, the Company believes that it is in compliance with Sections 134 and 1101 of the AMEX Company Guide. Additionally, the AMEX will continue to list the Company�s stock provided the Company is in compliance with Section 1003(a) (i) of the AMEX Company Guide by March 11, 2008 and makes progress toward the goals set forth in the plan which will be subject to periodic review by the AMEX. Christopher Atayan, AMCON�s Chief Executive Officer noted �We continue to maintain a close dialogue with senior officials at the AMEX and are delighted that they have recognized the progress we are making on our compliance plan. We value our relationship with the Exchange and look forward to maintaining our listing and long term relationship with AMEX.� �Selling the assets of Hawaiian Natural Water Company was a big step forward in terms of our ability to meet the net worth requirements as set forth in Section 1003(a) (i) noted Andrew Plummer, AMCON�s Acting Chief Financial Officer. �Our core businesses of Wholesale Distribution and Retail Health Food continue to be profitable, which is a key element of our strategy moving forward,� continued Plummer. As previously announced, AMCON is in discussions with respect to the sale of the assets at its discontinued Trinity Springs water business 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 Akins Natural Foods Market. 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 AMCON Distributing Company ("AMCON") (AMEX:DIT), an Omaha, Nebraska based consumer products company is pleased to announce that the American Stock Exchange ("AMEX" or "Exchange") has accepted the comprehensive plan of compliance that AMCON submitted on October 11, 2006. As of the filing on November 27, 2006 of the Company's Form 10-Q for the period ended June 30, 2006, the Company believes that it is in compliance with Sections 134 and 1101 of the AMEX Company Guide. Additionally, the AMEX will continue to list the Company's stock provided the Company is in compliance with Section 1003(a) (i) of the AMEX Company Guide by March 11, 2008 and makes progress toward the goals set forth in the plan which will be subject to periodic review by the AMEX. Christopher Atayan, AMCON's Chief Executive Officer noted "We continue to maintain a close dialogue with senior officials at the AMEX and are delighted that they have recognized the progress we are making on our compliance plan. We value our relationship with the Exchange and look forward to maintaining our listing and long term relationship with AMEX." "Selling the assets of Hawaiian Natural Water Company was a big step forward in terms of our ability to meet the net worth requirements as set forth in Section 1003(a) (i) noted Andrew Plummer, AMCON's Acting Chief Financial Officer. "Our core businesses of Wholesale Distribution and Retail Health Food continue to be profitable, which is a key element of our strategy moving forward," continued Plummer. As previously announced, AMCON is in discussions with respect to the sale of the assets at its discontinued Trinity Springs water business 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 Akins Natural Foods Market. 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
AMCON Distributing (AMEX:DIT)
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