AMCON Distributing Company Announces Second Quarter Results.

CHICAGO -- AMCON Distributing Company ("AMCON") (AMEX:DIT), an Omaha, Nebraska based consumer products company has announced results for the second fiscal quarter and first half ended March 31, 2007. "Our two core businesses are performing in line with our expectations" said Christopher Atayan, AMCON's Chief Executive Officer. "However, we continue to devote considerable resources towards residual litigation in connection with our discontinued operations."

For the first half of fiscal 2007, AMCON reported revenues of $391.7 million in its Wholesale Distribution segment and operating income before depreciation and amortization of $4.7 million. AMCON's retail health food business reported revenues of $18.9 million and operating income before depreciation and amortization of $1.7 million for the first half of fiscal 2007.

"AMCON accounts for its inventory using the LIFO cost flow assumption" said Andrew Plummer AMCON's Chief Financial Officer. "Our LIFO inventory valuation is driven by changes in the producer price index as published by the Bureau of Labor Statistics. During the second quarter of fiscal 2007, the increases in the applicable producer price index resulted in a $736,000 charge to earnings in our wholesale segment versus $49,000 in the prior year's quarter and in the retail health food segment, the charge was $145,000 versus a benefit of $34,000 in the same period for the prior year. Additionally, our litigation related expenses are accounted for in continuing operations. During the second quarter of fiscal 2007 we incurred approximately $1.0 million of legal and professional costs. When all these charges were taken into effect, as well as the results of the discontinued operations, the Company reported a net loss of $0.97 per diluted share," said Plummer.

In March 2007 the Wholesale division held its annual trade show in Kansas City, Missouri. Kathleen Evans, President of the AMCON's Wholesale division commented, "We were especially pleased with the results from our recent trade show. Our customers and vendors were very receptive to our new E-Click technology which we have designed to benefit our customers through both ease of use and efficiency. Market conditions remain competitive and we continue to emphasize our strong customer service as a competitive differentiation."

"We are selectively investing in certain store equipment to allow for a broader selection of natural cold and frozen items" said Eric Hinkefent President of AMCON's Retail Health Food subsidiary, "Our business model, which emphasizes high levels of customer service, has been well received in the market. As such we are actively searching for opportunities to add new stores as we believe the outlook for the natural foods category continues to be favorable.

Additionally AMCON conducted its annual meeting of shareholders on April 17th in St. Louis. All items on the agenda that were brought to the shareholders were approved.

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

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