Authorization

AMCON Distributing Company Reports Fully Diluted Earnings Per Share of $1.99 for the Quarter Ended December 31, 2018

AMCON Distributing Company ("AMCONa??) (NYSE American:DIT), an Omaha,
Nebraska based consumer products company is pleased to announce fully
diluted earnings per share of $1.99 on net income available to common
shareholders of $1.2 million for its first fiscal quarter ended December
31, 2018.


"Our emphasis on first class service and reliability is the foundation
of our position as a leader in the convenience distribution industry,a??
said Christopher H. Atayan, AMCONa??s Chairman and Chief Executive
Officer. He further noted, "The convenience store industry is evolving
and developing foodservice programs that are competitive with quick
serve restaurants. Our management philosophy is to provide AMCON
customers a wide array of foodservice programs that offer menu options
that are optimal for their staffing and facility requirements.
Additionally, we are continually evaluating strategic acquisition
opportunities which may enhance the portfolio of services we offer our
customers and allow us to service them at the highest level.a??


"We continue to make the necessary strategic commitments to grow with
our customers as they expand organically and through acquisitions.
Accordingly, we continue to closely evaluate our current distribution
coverage areas and the potential for establishing new distribution
centers. Our Bismarck, North Dakota warehouse enhancement project is an
immediate priority towards which we are allocating significant
management resources,a?? said Andrew C. Plummer, AMCONa??s President and
Chief Operating Officer. He further noted, "Our Healthy Edge
Retail
Group
management team is highly focused on developing merchandising
strategies that build on the combined operational strengths and market
position of our three store brands.a?? Mr. Plummer further added, "We were
pleased to close December 31, 2018 with total shareholdersa?? equity of
$65.7 million and consolidated debt of $27.8 million.a??


AMCON is a leading wholesale distributor of consumer products, including
beverages, candy, tobacco, groceries, foodservice, frozen and chilled
foods, and health and beauty care products with locations in Illinois,
Missouri, Nebraska, North Dakota, South Dakota and Tennessee. AMCON also
operates twenty-two (22) health and natural product retail stores in the
Midwest and Florida. The retail stores operate under the names Akina??s
Natural Foods Market www.akins.com
in its Midwest market, and Chamberlin's Market & Cafe www.chamberlins.com
and Earth Origins Market www.earthoriginsmarket.com
in its Florida market.
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