Provena Foods Inc. (Amex: PZA) net sales were up 31% and the Company reported net earnings of $9,866 for the 1st quarter of 2001 compared to a net loss of $232,930 a year ago. The meat division realized a substantial profit in the 1st quarter after the depreciation and interest expense arising from its new meat plant. The pasta division operated at a loss, exacerbated by electric utility power interruptions.

Provena Foods Inc. will pay a quarterly dividend of $.03 per share payable June 30, 2001 to shareholders of record June 10, 2001.

    CONDENSED STATEMENTS                              Three Months Ended
      OF OPERATIONS                                       March 31,
       (Unaudited)                                   2001           2000

    Net Sales                                     $7,738,681     $5,927,400
    Cost of Sales                                  6,824,153      5,523,545
      Gross Profit                                  $914,528       $403,855

    Operating Expenses:
      Distribution                                   324,003        279,412
      General and administrative                     437,637        378,136
        Operating profit (loss)                      152,888       (253,693)
    Interest expense, net                           (194,364)      (160,842)
    Other Income, net                                 58,942         27,119
        Earnings (loss) before income taxes           17,466       (387,416)
    Income tax expense (benefit)                       7,600       (154,486)
    Net earnings (loss)                               $9,866      $(232,930)
    Earnings (loss) per share:   Basic                 $0.00         $(0.08)
                                 Diluted               $0.00         $(0.08)

    Weighted average number
     of shares outstanding:      Basic             3,043,822      2,981,552
                                 Diluted           3,043,882      2,981,552