ST. CLAIR SHORES, Mich., April 21 /PRNewswire-FirstCall/ -- Federal Screw Works (Pink Sheets: FSCR) reports net sales for the third quarter and nine months ended March 31, 2006, of $22,080,000 and $61,733,000, respectively, compared to net sales of $23,762,000 and $64,185,000 for the third quarter and nine months ended March 31 of the prior year. The net loss for the third quarter and nine months ended March 31, 2006, was $571,000 and $1,928,000, or $.42 per share, and $1.40 per share, respectively, compared to a net loss of $2,536,000 and $4,905,000, or $1.82 per share and $3.51 per share, in the same periods of the prior year. The loss in the prior year included $1,783,000 or $1.28 per share for charges related to the closing of the Chelsea Division. At its meeting today, the Board of Directors declared a regular quarterly cash dividend of $.10 per share, payable July 3, 2006, to shareholders of record June 2, 2006. DATASOURCE: Federal Screw Works CONTACT: W. T. ZurSchmiede, Jr., Chairman and CFO of Federal Screw Works, +1-586-443-4152 Web site: http://www.federalscrew.com/

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