AMCON Distributing Company Reports Fully Diluted First Fiscal Quarter Earnings of $1.49 Per Share.

CHICAGO -- AMCON Distributing Company ("AMCON")) (AMEX:DIT), an Omaha, Nebraska based consumer products company is pleased to announce that the earnings for first fiscal quarter ended December 31, 2006 were $1.49 per share on a fully diluted basis. "We are now beginning to see the tangible results of our management teams concentrated efforts over the course of the last year", said Christopher Atayan, AMCON's Chief Executive Officer. "Going forward we still have some challenges from the past that we have to address, however we are now in a position to be able to commit more resources to growing our two core businesses."

AMCON reported revenues of approximately $200.3 million in its Wholesale Distribution business and operating income before depreciation and amortization of approximately $2.9 million. AMCON's Retail Health Food business reported revenues of approximately $9.1 million and operating income before depreciation and amortization of approximately $0.7 million.

Kathleen Evans, President of AMCON's Wholesale Business, commented "This was a solid quarter across the board. We look forward to carrying the momentum into 2007." Eric Hinkefent, President of AMCON's Retail Health Food business, said "We continue to look for growth opportunities. Our business model is working well and benefits from the trend toward natural and organic products."

The recent Midwest winter ice storms briefly impacted both of AMCON's business segments. More detail will be provided when the company reports its second fiscal quarter results.

As previously reported, AMCON divested the assets of its Hawaiian Natural Water Company on November 20, 2006 and the results of operations for that partial period are recorded in discontinued operations. In addition, AMCON reported a gain on disposal net of taxes of approximately $0.9 million.

AMCON also reported two executive appointments. Andrew Plummer the company's interim chief financial officer was named to the post on a permanent basis. Additionally, Philip Campbell who has been a financial consultant to the company in connection with its discontinued operations, was named to the newly created position of Senior Vice President Financial Planning and Compliance. "Andy earned his promotion the old fashioned way, through hard work and diligence" noted Atayan. "Philip was the logical choice for this new position, as he has been a part of our team for several years now and is well respected both internally and externally" continued Atayan. Plummer commented "We are in the process of building a cutting edge financial department that will enable us to take advantage of our many corporate strengths. Ultimately this will not only benefit us, it will also enable us to continue our customer service leadership position in the industry."

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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