Pyramid Breweries Inc. Reports Double Digit Volume Growth in Third Quarter

Business Wire, Nov 11, 2006

This press release contains non-GAAP (Generally Accepted Accounting Principles) financial measures including pro forma gross margin and net income (loss), which management believes are useful in comparing the Company's operating performance during the most recent quarter and year to date periods to the comparable periods in the prior year due to the one-time impact of the excise tax settlement and gain on the sale of the brewery equipment.

However, it is not a substitute for net income (loss) or operating measures calculated in accordance with GAAP. For a reconciliation of this non-GAAP financial measure to its most comparable measure calculated in accordance with GAAP, see the attached Reconciliation of Non-GAAP Financial Measures.

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