AMCON Distributing Company Reports Fully Diluted Earnings Per Share of $1.37 for the Quarter Ended March 31, 2008.

CHICAGO -- AMCON Distributing Company ("AMCON") (AMEX:DIT), an Omaha, Nebraska based consumer products company is pleased to announce that it has reported fully diluted earnings per share of $1.37 for its second fiscal quarter ended March 31, 2008.

"We are very pleased with the performance of all our business segments" said Christopher Atayan, AMCON's Chairman and Chief Executive Officer. "We are continuing to take a conservative posture given the weak economic environment and high fuel prices that are prevailing. Our Customer First philosophy is clearly driving our performance. We are focused on the fundamentals every day and believe this directly contributes to value creation for our shareholders."

AMCON reported revenues of approximately $179.9 million in its Wholesale Distribution business and operating income before depreciation and amortization of approximately $2.6 million in the second fiscal quarter of 2008. AMCON's Retail Health Food business reported revenues of $10.5 million and operating income before depreciation and amortization of approximately $1.5 million.

Kathleen Evans, President of AMCON's Wholesale Distribution business, commented "We continue to aggressively pursue opportunities to add value to our customers in the convenience store industry. Our recent annual trade show was well received. In particular we saw significant customer enthusiasm for food service related products. We continue to be awarded new business from growth-oriented customers that are leaders in the market place."

Eric Hinkefent, President of AMCON's Retail Health Food business, said "Our customer service orientation has served us well in this tough economic environment. It clearly differentiates us from the competition. We will continue to make the investments necessary to be the quality leader in the coming months."

"Income from continuing operations before income taxes for the second fiscal quarter of 2008 was $2.0 million as compared to $0.5 million in the same period for the prior year. Product sales mix increased gross profit during the period. The litigation matters that were resolved in the prior fiscal year have reduced our professional and legal costs during the period with higher fuel costs partially offsetting that decrease. Additionally, our interest expense decreased during the period because of lower borrowings and interest rates," said Andrew Plummer AMCON's Chief Financial Officer. Plummer added "We continue to maintain a high degree of liquidity and have been able to channel that effectively into creating opportunities for our customers."

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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(1) As previously disclosed in the Company's Fiscal 2007 Annual Report on Form 10-K, during the fourth quarter of fiscal 2007, the Company changed its inventory valuation method from the Last-In First-Out (LIFO) method to the First-In First-Out (FIFO) method. As required by U.S. generally accepted accounting principles, this change in accounting principle was reflected in the Company's financials statements through the retroactive application of the FIFO method and the restatement of prior fiscal periods, including the three and six month fiscal periods ended March 2007.