ST. CLAIRE SHORES, Mich., April 20 /PRNewswire-FirstCall/ -- Federal Screw Works (Pink Sheets: FSCR) reports net sales for the third quarter and nine months ended March 31, 2007, of $20,212,000 and $52,747,000, respectively, compared to net sales of $22,080,000 and $61,733,000 for the third quarter and nine months ended March 31 of the prior year. The net income for the third quarter ended March 31, 2007, was $152,000, or $.11 per share, compared to a net loss of $(571,000), or $(.42) per share, in the same period last year. The net loss for the nine months ended March 31, 2007, was $(2,999,000), or $(2.17) per share, compared to the net loss of $(1,928,000), or $(1.40) per share, in the same period of the prior year. At its meeting today, the Board of Directors declared a regular quarterly cash dividend of $.10 per share, payable July 2, 2007, to shareholders of record June 1, 2007. 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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