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Diamond Ranch Foods, Ltd. Updates Shareholders; Company Forecasts Record Revenue and Profitability for Fiscal Year 2006-2007

Posted on: Thursday, 13 July 2006, 12:00 CDT

Diamond Ranch Foods, Ltd. (Pink Sheets:DFDR), a custom meat processing and distribution conglomerate, reported today the following corporate events:

Effective April 1, 2006, the commencement of the Company's 2006-2007 fiscal year, Diamond Ranch Foods implemented a major reorganization of the company's business operations. Lou Vucci, Jr., President, stated: "We are currently experiencing record profitability and anticipate adding significant revenue in the third and fourth quarters resulting in record revenues for the 2006-2007 fiscal year. Our company has begun a major focus on branding its products under the "Diamond Ranch Foods" private label. We are broadening and expanding our product lines and bringing in higher profit margin items. We have consolidated our sales and marketing force and implemented a commission-based sales force based on performance. We plan to augment our current growth by identifying strategic regional acquisition targets with strong local and regional brand recognition."

Commenting further, Mr. Vucci, Jr. stated, "The steps implemented on April 1, 2006 have begun to show immediate improvements in the profitability of our company's core operations. We continue to work diligently to enhance shareholder value and I look forward to updating our shareholders in the near future on the further positive results of our actions."

About Diamond Ranch Foods, Ltd.

Diamond Ranch Foods, Ltd., a processor and distributor of meats and fresh cut portion controlled poultry, is located in the historic Gansevoort meatpacking district in lower Manhattan, NY. Operations include packing, processing, labeling and distribution of products. The company's diversified customer base includes in-home food service businesses, retailers, hotels, restaurants, and institutions, deli and catering operators and industry suppliers. Specific customers include Madison Square Garden, TGI Friday's, Sloan Kettering Hospital, and the Hilton Group (OTC:HLTGY). The company also provides portion controlled meats, custom meat cutting, and private labeling.

Safe Harbor Forward-Looking Statements

Statements contained in this release that are not strictly historical are "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The forward-looking statements are made based on information available as of the date hereof, and the company assumes no obligation to update such forward-looking statements. Editors and investors are cautioned that such forward-looking statements invoke risk and uncertainties and the company's actual results may differ from these forward-looking statements. Such risks and uncertainties include but are not limited to demand for the company's products and services, our ability to continue to develop markets, general economic conditions, our ability to secure additional financing for the company and other factors that may be more fully described in reports to shareholders and periodic filings with the Securities and Exchange Commission.

Source: Business Wire

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