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PIEMONTE FOODS, INC. ANNOUNCES STOCK DIVIDEND

 GREENVILLE, S.C., Aug. 2 /PRNewswire/ -- Piemonte Foods, Inc. (NASDAQ: PIFI) today announced the board of directors have approved a 5 percent common stock dividend payable on Aug. 30, 1993, to shareholders of record on Aug. 16, 1993. Fractional shares will be distributed in cash. Following the stock dividend, there will be 1,268,805 common shares outstanding.
 As previously announced, Piemonte Foods' net sales rose to $24,072,414 for the twelve months ended May 29, 1993, benefiting from an increase of approximately 15 percent in net sales for the fourth quarter of Fiscal 1993 versus last year. Net income increased 14 percent for the twelve months ended May 29, 1993, and 130 percent for the fourth quarter of Fiscal 1993 compared to the same periods the previous year. Net income per share was $0.27 for the fourth quarter of 1993 versus $0.12 a year ago, and $0.57 compared to $0.52 for Fiscal 1993 and 1992, respectively.
 Piemonte Foods, Inc. is a manufacturer and distributor of pizza- related foods. Products are marketed to four distinct customers: Food Service, Deli, Industrial and Fund Raising. Most of the company's products carry its own "Piemonte" brand name.
 -0- 8/2/93
 /CONTACT: Virgil L. Clark, chief executive officer of Piemonte Foods, Inc., 803-242-0424/
 (PIFI)


CO: Piemonte Foods, Inc. ST: South Carolina IN: FOD SU: DIV

KL -- CL006 -- 8286 08/02/93 10:46 EDT
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Publication:PR Newswire
Date:Aug 2, 1993
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