Alternate Marketing Networks Reported on 2005 Financial Results, 2006 Projections and Shareholder Dividend at Annual Meeting

HUDSONVILLE, Mich., June 21  /PRNewswire-FirstCall/ -- Alternate Marketing Networks, Inc. (Pink Sheets: ALTM) held its annual meeting on June 20, 2006 at its Hudsonville, Michigan office.  As earlier reported, the Company had a net profit of $727,598 on sales of $27,897,193 for fiscal year ended December 31, 2005.  The unaudited statements were prepared and presented by management. Alternate Marketing Networks became a non-reporting company pursuant to a Form 15 filed with the Securities and Exchange Commission effective January 2, 2004.  The Company currently has 8,029,906 shares issued and outstanding.

The Company also noted at its annual meeting that it expects earnings for the fiscal year ending December 31, 2006 to improve over the earnings in 2005. During the first half of 2006 the Company paid $125,000 for a legal resolution in a matter pertaining to a 2005 tender offer.  The Company reviewed several strategic uses of its working capital and decided not to invest in any acquisitions this year and instead the Company chose to invest in internal opportunities.  One of the opportunities is to sell national advertising to on-line sites of its newspaper networks.

In addition, the Board of Directors passed a resolution to authorize a cash dividend of five cents per share on the Company's common stock.  The dividend is payable July 17, 2006 to shareholders of record as of July 3, 2006.

The Company's sole operating subsidiary, National Home Delivery, Inc., through its three divisions U.S. Suburban Press (USSPI), Custom Media Solutions (CMS) and Specialty Media Solutions (SMS), provides newspaper solutions to national advertisers in the United States. 

DATASOURCE: Alternate Marketing Networks, Inc.



CONTACT:  Phil Miller, Chairman and CEO of Alternate Marketing Networks,

Inc., [phone], ext. 12, 



Web site:  http://www.altmarknet.com/

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