Provena Foods Inc.’s (Amex: PZA) sales were up 53% in the 3rd quarter and 32% in the 1st nine months of 2000, because of increased sales at the meat division. The Company had a net loss of $285,024 for the 3rd quarter and $905,717 for the 1st nine months compared to net losses of $513,197 and $39,432 a year ago. Most of the losses at the meat division were caused by a rise in meat costs and remediable inefficiencies at the new plant.

Provena Foods Inc. will pay a quarterly dividend of $.03 per share payable December 31, 2000 to shareholders of record December 10, 2000.

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    CONDENSED STATEMENTS
     OF OPERATIONS              Three Months Ended       Nine Months Ended
      (Unaudited)                 September 30,            September 30,
                                2000        1999         2000        1999
 
     Net Sales              $7,735,279    5,069,039  19,555,401   14,778,226
 
     Cost of Sales           7,372,229    5,412,748  18,686,243   15,376,235
 
     Gross Profit (loss)       363,050     (343,709)    869,158     (598,009)
 
     Operating Expenses:
       Distribution            307,845      371,873     862,169      951,571
       General and
        administrative         352,293      387,817   1,050,587    1,071,306
 
     Operating loss           (297,088)  (1,103,399) (1,043,598)  (2,620,886)
 
     Interest income
      (expense), net          (204,800)         641    (551,540)     (39,976)
     Other Income, net          28,864      247,561      90,421    2,595,430
 
     Loss before income
      tax benefit             (473,024)    (855,197) (1,504,717)     (65,432)
 
     Income tax benefit       (188,000)    (342,000)   (599,000)     (26,000)
 
     Net loss                $(285,024)    (513,197)   (905,717)     (39,432)
 
     Loss per share:
         Basic               $   (0.09)      (0.17)       (0.30)      (0.31)
 
         Diluted             $   (0.09)      (0.17)       (0.30)      (0.31)
 
     Shares used in computing
      loss per share:
     Basic                   3,014,159    2,955,054   2,938,827    2,884,569
 
     Diluted                 3,014,159    2,955,054   2,938,827    2,923,639

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