ST. CLAIR SHORES, Mich., Oct. 26 /PRNewswire-FirstCall/ -- Federal Screw Works (Pink Sheets: FSCR) reports net sales of $16,163,000 for the first quarter ended September 30, 2006, compared to net sales of $19,699,000 for the quarter ended September 30 of the prior year. The Company incurred a net loss of $1,409,000 for the quarter ended September 30, 2006, or $1.02 per share, compared to a net loss of $767,000, or $0.56 per share, in the prior year. The Board of Directors today declared a regular quarterly cash dividend of $0.10 per share to be paid January 2, 2007, to shareholders of record December 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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