Second Straight Profitable Quarter for Diamond Ranch Foods (OTC:DRFO)

Diamond Ranch Foods (OTC: DRFO) today announced the filing of its quarterly financial report in which it reported a net profit for the second straight quarter. Diamond Ranch Foods is a lightly traded stock with a closing price on February 7, 2011 of $0.73 per share. The company has a market cap of just over $8 million.

According to the Form 10-Q, filed February 7, 2011 with the Securities & Exchange Commission, Diamond Ranch reported its second consecutive profitable quarter which generated a net income of $20,506 on revenues of $1,756,015 for the three months ended December 31, 2010 compared to a loss of $181,333 for the same period of the prior year. The Company attributed the change to an increase in gross margins from 20% to 34% due to the growth of sales in international markets, better purchasing terms and improved inventory control, and continuing to introduce additional Diamond Ranch branded products to its product line.

Victor Petrone, Chief Financial Officer of Diamond Ranch, commented on the financial results, “For the second straight quarter Diamond Ranch has been able to obtain a profitable quarter from operations and an overall net profit. We have been successful in growing our margins to levels unique in our industry by streamlining our buying process and introducing our products internationally.”

Discussing what shareholders can expect from Diamond Ranch in the coming months, Mr. Petrone added, “We expect to continue to grow sales while maintaining our strong margins as we expand our business further into South America and Mexico. We are also actively pursuing several acquisition opportunities which will geometrically increase our sales and overall market share in the industry. Through economies of scale, reduction of duplicated costs, and by applying our improved margins to these new acquisitions, we will be able to significantly impact our bottom line. Diamond Ranch remains committed to increasing shareholder value by building itself into a dominant brand in the foodservice industry.”

For more information about Diamond Ranch Foods, please visit: www.diamondranchfoods.com.

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