CHINO, Calif., May 10 /PRNewswire-FirstCall/ -- Provena Foods Inc. (AMEX:PZA) had net earnings of $148,119 for the 1st quarter of 2006 compared to a net loss of $162,676 a year ago. The Company's sales were up 2% in the 1st quarter compared to the same period of 2005. Both the meat and pasta divisions contributed to the increase in profits and increase in sales. CONDENSED STATEMENT Three Months Ended OF OPERATIONS March 31, (Unaudited) 2006 2005 Net Sales $15,449,707 15,144,637 Cost of Sales 14,101,675 14,207,782 Gross profit 1,348,032 936,855 Operating Expenses: Distribution 458,439 438,822 General and administrative 643,213 635,016 Operating profit (loss) 246,380 (136,983) Interest expense, net (123,317) (193,147) Other Income, net 157,134 84,254 Earnings (loss) before income taxes 280,197 (245,876) Income tax benefit (expense) (132,078) 83,200 Net earnings (loss) $148,119 (162,676) Earnings (loss) per share: Basic and diluted $0.04 (0.05) Shares used in computing earnings (loss) per share: Basic and diluted 3,468,205 3,345,664 Contact: Thomas J. Mulroney, Chief Financial Officer 909.627.1082 DATASOURCE: Provena Foods Inc. CONTACT: Thomas J. Mulroney, Chief Financial Officer of Provena Foods Inc., +1-909-627-1082

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