ST. CLAIR SHORES, Mich., Aug. 18 /PRNewswire-FirstCall/ -- Federal Screw Works (Pink Sheets: FSCR) reports a net loss for the fiscal year ended June 30, 2006, of $(931,000), or $(.67) per share, on sales of $84,032,000. For the year ended June 30, 2005, the Company reported a net loss of $(6,104,000), or $(4.38) per share, on sales of $86,796,000. The net earnings for the fourth quarter ended June 30, 2006, were $997,000, or $.72 per share, on sales of $22,299,000. The net loss for the fourth quarter ended June 30, 2005, was $(1,199,000), or $(.87) per share, on sales of $22,611,000. The net earnings for the fourth quarter ended June 30, 2006, include $1,326,000, or $.96 per share, related to a gain on an insurance settlement. The loss in the previous year included $(2,113,000), or $(1.52) per share, and $(357,000), or $(.26) per share, for the fiscal year and fourth quarter, respectively, for charges related to the closing of the Chelsea Division. The Board of Directors has declared a regular quarterly cash dividend of $.10 per share, payable October 4, 2006, to shareholders of record September 1, 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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