AMCON Distributing Company Reports Earnings from Continuing Operations of $1.81 Per Share for Fiscal Year Ended September 30, 2006 and Extends Credit Facility to 2009

Business Wire, Jan 3, 2007

CHICAGO -- AMCON Distributing Company ("AMCON") (AMEX:DIT), an Omaha, Nebraska based consumer products company is pleased to announce that it earned $1.81 per share from continuing operations for the year ended September 30, 2006. For the quarter ended September 30, 2006 the Company earned 27 cents per share on a fully diluted basis. In addition, the Company has extended its revolving credit facility with its bank group to April 2009.

"We are continuing to make solid progress in our efforts to restore the financial health of the company. The early renewal and extension of our credit facility is clearly a vote of confidence by our banks" said Christopher Atayan AMCON's Chief Executive Officer.

As previously announced, the Company has accounted for its recently divested Hawaiian Natural Water business as a discontinued operation as of September 30, 2006 in accordance with generally accepted accounting principles and has recast its results for the fiscal years ended 2002 through 2005. The Hawaiian assets were divested in November 2006 and the accounting for this transaction will be realized when AMCON reports its first quarter 2007 results.

"Our two core operating businesses continued to perform well. We believe that the recast financial results provided a more transparent view to our actual earning power as an enterprise" added Atayan. AMCON's Wholesale Distribution business reported operating income before depreciation and amortization of $9.3 million for the fiscal year. The Company's Retail Health Food business reported operating income before depreciation and amortization of $3.0 million.

"We are very competitive in the market and were awarded several new accounts during the fiscal year. Our high levels of customer service continue to be a positive differentiating factor" said Kathleen M. Evans President of AMCON's Wholesale Distribution business.

"We believe that our financial performance in the retail segment is a direct reflection of our strategy of providing a high quality consumer experience in our stores. Our product merchandising and customer service are at the highest levels in the natural foods industry. As a result we enjoy strong customer loyalty" said Eric Hinkefent President of AMCON's Retail Health Food business.

"Our reported financial results are significantly impacted by non recurring legal and accounting expenses related to our discontinued operations. We expect this trend to continue in 2007" said Andrew C. Plummer AMCON's Acting Chief Financial Officer.

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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