<SUBMISSION>
<ACCESSION-NUMBER>0000916002-04-000060
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20040805
<ITEMS>12
<ITEMS>7
<ITEMS>9
<FILING-DATE>20040805
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>MGP INGREDIENTS INC
<CIK>0000835011
<ASSIGNED-SIC>2040
<IRS-NUMBER>480531200
<STATE-OF-INCORPORATION>KS
<FISCAL-YEAR-END>0630
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>000-17196
<FILM-NUMBER>04953385
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>1300 MAIN ST
<CITY>ATCHISON
<STATE>KS
<ZIP>66002
<PHONE>9133671480
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>1300 MAIN STREET
<CITY>ATCHISON
<STATE>KS
<ZIP>66002
</MAIL-ADDRESS>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>MIDWEST GRAIN PRODUCTS INC
<DATE-CHANGED>19920703
</FORMER-COMPANY>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8k.htm
<TEXT>
<HTML>
<HEAD>
<TITLE>FORM 8-K</TITLE>
</HEAD>
<BODY>

<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
UNITED STATES <BR>
SECURITIES AND EXCHANGE COMMISSION <BR>
Washington, D. C. 20549
</FONT></H1>

<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
FORM 8-K </FONT></H1>

<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
CURRENT REPORT <BR>
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
</FONT></H1>

<BR><BR>

<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
Date of Report (Date of earliest event reported)<B> August 5, 2004</B> </FONT></P>

<BR><BR><BR>

<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>
MGP Ingredients, Inc. </B><BR>
(Exact name of registrant as specified in its charter)
</FONT></P>

<BR><BR><BR>


<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR ALIGN=CENTER VALIGN=TOP>
<TD WIDTH=33%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
<B>KANSAS</B></FONT></TD>
<TD WIDTH=34%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
<B>0-17196</B></FONT></TD>
<TD WIDTH=33%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
<B>48-0531200</B></FONT></TD>
</TR>
<TR ALIGN=CENTER VALIGN=TOP>
<TD WIDTH=33%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
(State or other jurisdiction of</FONT></TD>
<TD WIDTH=34%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
(Commission</FONT></TD>
<TD WIDTH=33%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
(IRS Employer Identification No.)</FONT></TD>
</TR>
<TR ALIGN=CENTER VALIGN=TOP>
<TD WIDTH=33%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
incorporation)</FONT></TD>
<TD WIDTH=34%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
File Number)</FONT></TD>
<TD WIDTH=33%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
&nbsp;&nbsp;</FONT></TD>
</TR>
</TABLE>

<BR><BR><BR>

<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>
1300 Main Street <BR>
Box 130 <BR>
Atchison, Kansas 66002 </B><BR>
(Address of principal executive offices) (Zip Code) </FONT></P>

<BR><BR>

<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>
(913) 367-1480 </B><BR>
(Registrant&#146;s telephone number, including area code) </FONT></P>

<HR SIZE=5 COLOR=GRAY NOSHADE>

<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
Item 7. Exhibits. </FONT></H1>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR ALIGN=CENTER VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
<B>99.1</B></FONT></TD>
<TD WIDTH=90%><P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
Press Release dated August 5, 2004, furnished solely for the purpose of
incorporation by reference into Items 9 and 12 herein.
</FONT></P></TD>
</TR>
</TABLE>

<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
Item 9. Regulation FD Disclosure. </FONT></H1>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Attached as Exhibit 99.1 is a press release which was issued on August 5, 2004 by MGP Ingredients,
Inc. (the &#147;Company&#148;), announcing fourth quarter operating results for fiscal
year 2004. Exhibit 99.1 is furnished pursuant to Item 9, Regulation FD and Item 12,
Disclosure of Results of Operations and Financial Condition. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
An investors conference call will take place at 10:00 a.m. central standard time on Thursday,
August 5, 2004. The Company&#146;s senior management will discuss the Company&#146;s
fourth quarter and annual results and certain forward looking information during the
conference call. Interested persons may listen to the conference call via telephone by
dialing (888) 417-2310 before 9:55 a.m., or access it on the Internet at
www.mgpingredients.com. </FONT></P>

<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
Item 12. Results of Operations and Financial Condition. </FONT></H1>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
On August 5, 2004 the Company announced financial results for the fourth quarter and fiscal
year ended June 30, 2004. The press release dated August 5, 2004 is furnished pursuant to
Item 9, Regulation FD and Item 12, Disclosure of Results of Operations and Financial
Condition. </FONT></P>

<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
SIGNATURES </FONT></H1>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused
this report to be signed on its behalf by the undersigned hereunto duly authorized. </FONT></P>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR VALIGN=TOP>
<TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
<B>MGP INGREDIENTS, INC.</B></FONT></TD>
</TR>
<TR VALIGN=TOP>
<TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
&nbsp;&nbsp;</FONT></TD>
</TR>
<TR VALIGN=TOP>
<TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
&nbsp;&nbsp;</FONT></TD>
</TR>
<TR VALIGN=TOP>
<TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
Date: August 5, 2004</FONT></TD>
<TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
By:<U>/s/&nbsp;Laidacker M. Seaberg
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></TD>
</TR>
<TR VALIGN=TOP>
<TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Laidacker M. Seaberg<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;President and Chief Executive Officer</FONT></TD>
</TR>
</TABLE>

<HR SIZE=5 COLOR=GRAY NOSHADE>

<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
INDEX TO EXHIBITS </FONT></H1>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0>
<TR ALIGN=CENTER VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
<B>99.1</B></FONT></TD>
<TD WIDTH=90%><P ALIGN=JUSTIFY><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
Press Release dated August 5, 2004, furnished solely for the purposes of
incorporation by reference into Items 9 and 12 herein.
</FONT></P></TD>
</TR>
</TABLE>

</BODY>
</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>ex99release.htm
<TEXT>
<HTML>
<HEAD>
<TITLE>PRESS RELEASE</TITLE>
</HEAD>
<BODY>


<P ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
CONTACT: STEVE PICKMAN AT 913-367-1480</FONT></P>

<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3><U>
FOR IMMEDIATE RELEASE  </U></FONT></P>

<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
MGPI ANNOUNCES SIGNIFICANT IMPROVEMENT IN FOURTH QUARTER <BR>
NET INCOME DESPITE YEAR-END INVENTORY ADJUSTMENT; <BR>
SALES INCREASE 50 PERCENT <BR>
<I>Reaffirms Fiscal 2005 Guidance  </I></FONT></H1>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
ATCHISON, Kan., August 5, 2004&#151;Driven by strong demand for its specialty ingredients products,
<B>MGP Ingredients, Inc. (Nasdaq: MGPI)</B> today reported strong increases in sales, net
income and earnings per share for the fiscal 2004 fourth quarter and twelve months ended
June 30, 2004. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Net sales totaled $78,995,000 for the fiscal 2004 fourth quarter, an increase of 50 percent
over sales of $52,529,000 in the 2003 fourth quarter. Net income was $3,164,000, or $0.20
per share, compared to a net loss of $1,371,000, or ($0.09) per share, in the same period
one year ago. The earnings per share data has been adjusted to reflect MGPI&#146;s
two-for-one stock split that went into effect after the close of business on June 30. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&#147;The trend toward healthier lifestyles continues to gather momentum, and the unique lines of
specialty ingredients we provide to meet growing demand fit well into that
megatrend,&#148; said Ladd Seaberg, president and chief executive officer. &#147;Demand
for lower net carbohydrate products was a significant contributor to our results for the
fourth quarter and all 12 months of fiscal 2004. Perhaps more gratifying, however, is the
performance of those specialty ingredient lines not specifically targeted to the low
carbohydrate market. Net sales for these products increased 34 percent for the year. This
increase includes growth of our Arise&reg; line of wheat protein isolates and our Wheatex&reg;
line of textured wheat proteins. Sales of Arise&reg; ingredients not associated with
low-carb applications more than doubled compared to the prior year, while sales of our
Wheatex&reg; for use in grain-based foods as well as meat analogs and meat extension
applications increased by 60 percent.&#148;<U></U> </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Company continued to leverage the strength of its Wheatex&reg; products with the
introduction of key line extensions. MGPI recently introduced Wheatex&reg; RediShred,
which has the look and feel of shredded beef, pork, or chicken, and significantly
increases convenience and cost savings for its customers. MGPI has also begun marketing a
reformulated version of a targeted Wheatex&reg; ingredient for use in Asia that has met
with early favorable response. The company additionally is developing a textured wheat
protein blended with soy in order to address needs of those customers wishing to build off
soy&#146;s strong nutritional profile. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Seaberg also noted the continued strong growth in the fourth quarter of the Company&#146;s
wheat-based resin product in pet food applications. &#147;With their inherent flexibility,
our patented protein and starch resins have been instrumental in the development of truly
differentiated pet chew products that have caught on in a significant way in the
marketplace,&#148; added Seaberg. &#147;This resulted in a 9 percent increase in resin
sales over a strong fiscal 2003 fourth quarter. The pet industry has taken notice of the
unique properties of our resin offerings, and we expect to see the introduction of
additional new products which adopt this unique and exciting technology in 2005.&#148; </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Company is also in the early stages of pursuing opportunities for its resins in the
growing movement toward biodegradable products. The U.S. government is finalizing
regulations which should provide for increased use of bio-based and biodegradable products
when costs are reasonable and quality is comparable to existing materials. Greater
adoption of bio-based products carries ecological advantages and has the potential to
reduce reliance on foreign oil. The Company has signed an agreement to supply bio-based
resin to a customer who is pursuing products for the U.S. Defense Department and military. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Seaberg also noted that despite a slowing of growth in low-carbohydrate market demand early in the
fiscal 2005 first quarter, compelling opportunities exist as the market changes to
accommodate the need for great-tasting products that are also higher in fiber and lower in
net carbohydrates. </FONT></P>

<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
-more- </FONT></P>

<HR SIZE=5 COLOR=GRAY NOSHADE>

<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
ADD 1&#151;MGPI ANNOUNCES SIGNIFICANT IMPROVEMENT </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
During the fourth quarter, the Company completed its capacity improvement projects aimed at
increasing production capacity for its breakthrough Fibersym&#153; line, the core
resistant starch technology that allows food manufacturers to formulate fiber enhanced and
lower net carb foods without sacrificing taste and texture. MGPI&#146;s recent arrangement
with Penford Corporation to supply a potato-based resistant starch, as well as a recently
announced alliance with Cargill Incorporated for a high amylose corn-based resistant
starch, are still in the early stages of rollout, and hold significant potential for
inclusion in a wide array of food products that were not previously feasible.
Additionally, MGPI expects to benefit from an income-bearing license agreement that the
company granted to Cargill involving a tapioca-based resistant starch that Cargill intends
to produce and market in the future. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The growth in specialty ingredients in the fourth quarter pushed total sales in the
company&#146;s Ingredients segment 92 percent ahead of the prior year&#146;s fourth
quarter ingredient sales. Driven by a 59 percent increase in fuel grade alcohol revenues,
total sales in the company&#146;s Distillery Products segment increased by 32 percent over
distillery products sales in the 2003 fourth quarter. Complete sales and pre-tax income
data by segments for the fourth quarter and twelve months ended June 30 follow below.
Operating profit for each segment is based on net sales less identifiable operating
expenses. Interest expense, investment income and other general miscellaneous expenses
have been excluded from segment operations and classified as Corporate: </FONT></P>

<TABLE WIDTH="100%" CELLPADDING="0" CELLSPACING="0">
<TR VALIGN=BOTTOM>
<TD WIDTH=40% ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
<B><U>Sales</U></B></FONT></TD>
<TD WIDTH="15%" ALIGN=CENTER>
<FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>4th QTR.<BR>
<U>FY 2004</U></B></FONT> </TD>
<TD WIDTH="15%" ALIGN=CENTER>
<FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>4th QTR.<BR>
<U>FY 2003</U></B> </FONT></TD>
<TD WIDTH="15%" ALIGN=CENTER>
<FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>12 Months<BR>
<U>FY 2004</U></B> </FONT></TD>
<TD WIDTH="15%" ALIGN=CENTER>
<FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>12 Months<BR>
<U>FY 2003</U></B> </FONT></TD></TR>

<TR VALIGN="TOP">
<TD WIDTH=40% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Ingredients Segment</FONT></TD>
<TD WIDTH=15% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
$31,513,000</FONT></TD>
<TD WIDTH="15%"ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
$16,433,000</FONT></TD>
<TD WIDTH="15%"ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
$102,711,000</FONT></TD>
<TD WIDTH="15%"ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
$57,215,000</FONT></TD></TR>

<TR VALIGN="TOP">
<TD WIDTH="40%" ALIGN=LEFT ><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Distillery Products Segment</FONT></TD>
<TD WIDTH="15%"ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
$47,482,000</FONT></TD>
<TD WIDTH="15%"ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
$36,096,000</FONT></TD>
<TD WIDTH="15%"ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
$167,962,000</FONT></TD>
<TD WIDTH="15%"ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
$135,157,000</FONT></TD></TR>

<TR VALIGN="TOP">
<TD WIDTH="40%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH="15%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;</FONT></TD></TR>

<TR VALIGN="TOP">
<TD WIDTH="40%" ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
<B><U>Pre-Tax Income</U></B></FONT></TD>
<TD WIDTH="15%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH="15%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH="15%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH="15%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&nbsp;&nbsp;</FONT></TD></TR>

<TR VALIGN="TOP">
<TD WIDTH="40%" ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Ingredients Segment</FONT></TD>
<TD WIDTH="15%"ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
$6,983,000</FONT></TD>
<TD WIDTH="15%" ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
$1,523,000</FONT></TD>
<TD WIDTH="15%" ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
$17,268,000</FONT></TD>
<TD WIDTH="15%"ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
$7,030,000</FONT></TD></TR>

<TR VALIGN="TOP">
<TD WIDTH="40%"ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Distillery Products Segment</FONT></TD>
<TD WIDTH="15%"ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
($1,316,000)</FONT></TD>
<TD WIDTH="15%"ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
($2,842,000)</FONT></TD>
<TD WIDTH="15%"ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
$257,000</FONT></TD>
<TD WIDTH="15%"ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
$3,622,000</FONT></TD></TR>

<TR VALIGN="TOP">
<TD WIDTH="40%"ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Corporate</FONT></TD>
<TD WIDTH="15%"ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
($426,000)</FONT></TD>
<TD WIDTH="15%"ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
($946,000)</FONT></TD>
<TD WIDTH="15%"ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
($1,875,000)</FONT></TD>
<TD WIDTH="15%"ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
($2,131,000)</FONT></TD></TR>
</TABLE>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
For the fiscal 2004 year ended June 30, 2004, the Company posted net income of $9,468,000, or
$0.61 per share on a post-stock split basis, compared to $5,154,000, or $0.33 per share on
a post-stock split basis, in fiscal 2003. &#147;The most notable aspect of this increase
is that our earnings in fiscal 2004 were principally derived from operations, whereas
earnings in the prior fiscal year were attributable to non-operating income,&#148; Seaberg
said. The company&#146;s earnings in fiscal 2003 were affected by $15.4 million in
non-operating income resulting from the recognition of insurance proceeds in excess of the
net recorded costs of assets that were destroyed in the September 13, 2002 distillery
explosion at the company&#146;s Atchison, Kansas plant. MGPI&#146;s net sales in fiscal
2004 totaled $270,673,000 compared to $192,372,000 in the 2003 fiscal year, an increase of
41 percent. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The Company also announced today that it is on schedule for a Spring 2005 completion of its
Enterprise Resource Planning (ERP) system implementation, designed to improve
manufacturing and supply chain efficiencies. &#147;This new system should result in a
smoother management of our entire supply chain,&#148; added Seaberg. &#147;It has the
potential to prevent certain types of inventory adjustments such as we experienced this
fiscal year-end and which was the principal reason we missed our previously published 2004
earnings guidance by $0.04 per share.&#148; </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Despite
a current slowing of growth in the low-carb market, Seaberg remains confident in the
company&#146;s long-term prospects, and today reaffirmed its fiscal 2005 earnings estimate
of $1.03 to $1.08 per share, which is calculated based on the additional shares resulting
from the recent two-for-one stock split. &#147;In addition to further strides and strong
market potential across our entire specialty products line, we should benefit from
favorable commodity pricing and strong demand for distillery products in fiscal
2005,&#148; he said. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>
This news release contains forward-looking statements as well as historical information. Forward-looking statements
are identified by or are associated with such words as &#147;intend,&#148;
&#147;believe,&#148; &#147;estimate,&#148; &#147;expect,&#148; &#147;anticipate,&#148;
&#147;hopeful,&#148; &#147;should,&#148; &#147;may&#148; and similar expressions. They
reflect management&#146;s current beliefs and estimates of future economic circumstances,
industry conditions, company performance and financial results and are not guarantees of
future performance. The forward-looking statements are based on many assumptions and
factors, including those relating to grain prices, gasoline prices, energy costs, product
pricing, competitive environment and related marketing conditions, operating efficiencies,
access to capital, actions of governments or government officials and actions of insurers.
Any changes in the assumptions or factors could produce materially different results than
those predicted and could impact stock values.</B> </FONT></P>

<P ALIGN=CENTER>###</P>

<HR SIZE=5 COLOR=GRAY NOSHADE>

<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
<b>MGP INGREDIENTS, INC.</b></FONT></P>

<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
<B>CONSOLIDATED STATEMENT OF EARNINGS</B> </FONT></P>
<HR WIDTH=100% ALIGN=LEFT SIZE=1 NOSHADE>
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR> <TD WIDTH=40% ALIGN=LEFT><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
(unaudited)</FONT></TD>
<TD WIDTH=25% ALIGN=CENTER><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
<B>Three Months Ended June 30</B></FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=25% ALIGN=CENTER><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
<B>Twelve Months Ended June 30</B></FONT></TD>
</TR>
</TABLE>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR>
<TD WIDTH=40% ALIGN=LEFT><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
(Dollars in thousands, except per share)
</FONT></TD>
<TD WIDTH=10% ALIGN=CENTER><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
<B>2004</B></FONT></TD>
<TD WIDTH=5%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=10% ALIGN=CENTER><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
<B>2003</B></FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=10% ALIGN=CENTER><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
<B>2004</B></FONT></TD>
<TD WIDTH=5%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=10% ALIGN=CENTER><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
<B>2003</B>
</FONT></TD>
</TR>
</TABLE>
<HR WIDTH=100% ALIGN=LEFT SIZE=1 NOSHADE>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR ALIGN=LEFT VALIGN=MIDDLE>
<TD WIDTH=40%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
NET SALES
</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE="1"><B>
&nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;78,995</B> </FONT>
</TD>
<TD WIDTH=5%><FONT FACE="Arial, Helvetica, Serif" SIZE=3>
&nbsp;&nbsp;
</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;52,529
</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;
</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE="1"><B>
&nbsp;&nbsp;$&nbsp;&nbsp;270,673</B> </FONT>
</TD>
<TD WIDTH=5%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;
</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;$&nbsp;&nbsp;192,372
</FONT></TD>
</TR>
<TR ALIGN=LEFT VALIGN=MIDDLE>
<TD WIDTH=40%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
COST OF SALES</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE="1"><B>
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67,816</U></B> </FONT></TD>
<TD WIDTH=5%><FONT FACE="Arial, Helvetica, Serif" SIZE=3>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56,985</U></FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE="1"><B>
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;245,766</U></B> </FONT></TD>
<TD WIDTH=5%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;
</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;202,112</U></FONT></TD>
</TR>
<TR ALIGN=LEFT VALIGN=MIDDLE>
<TD WIDTH=40%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
GROSS PROFIT (LOSS)</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE="1"><B>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11,179</B> </FONT></TD>
<TD WIDTH=5%><FONT FACE="Arial, Helvetica, Serif" SIZE=3>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4,456)</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE="1"><B>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24,907</B> </FONT></TD>
<TD WIDTH=5%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;
</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9,740)</FONT></TD>
</TR>
<TR ALIGN=LEFT VALIGN=MIDDLE>
<TD WIDTH=40%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE="1"><B>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,013</B> </FONT></TD>
<TD WIDTH=5%><FONT FACE="Arial, Helvetica, Serif" SIZE=3>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,506</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE="1"><B>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20,339</B> </FONT></TD>
<TD WIDTH=5%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;
</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13,617</FONT></TD>
</TR>
<TR ALIGN=LEFT VALIGN=MIDDLE>
<TD WIDTH=40%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
OTHER OPERATING INCOME</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE="1"><B>
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2</U></B> </FONT></TD>
<TD WIDTH=5%><FONT FACE="Arial, Helvetica, Serif" SIZE=3>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,597</U></FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE="1"><B>
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10,720</U></B> </FONT></TD>
<TD WIDTH=5%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;
</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17,403</U></FONT></TD>
</TR>

<TR ALIGN=LEFT VALIGN=MIDDLE>
<TD WIDTH=40%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
INCOME (LOSS) FROM OPERATIONS</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE="1"><B>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,168</B> </FONT></TD>
<TD WIDTH=5%><FONT FACE="Arial, Helvetica, Serif" SIZE=3>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4,365)</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE="1"><B>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15,288</B> </FONT></TD>
<TD WIDTH=5%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;
</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5,954)</FONT></TD>
</TR>

<TR ALIGN=LEFT VALIGN=MIDDLE>
<TD WIDTH=40%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
INTEREST EXPENSE</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE="1"><B>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(271)</B> </FONT></TD>
<TD WIDTH=5%><FONT FACE="Arial, Helvetica, Serif" SIZE=3>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(299)</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE="1"><B>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1,088)</B> </FONT></TD>
<TD WIDTH=5%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;
</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1,226)</FONT></TD>
</TR>

<TR ALIGN=LEFT VALIGN=MIDDLE>
<TD WIDTH=40%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
OTHER INCOME (LOSS) NET</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE="1"><B>
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,344</U></B> </FONT></TD>
<TD WIDTH=5%><FONT FACE="Arial, Helvetica, Serif" SIZE=3>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,399</U></FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE="1"><B>
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,450</U></B> </FONT></TD>
<TD WIDTH=5%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;
</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15,701</U></FONT></TD>
</TR>

<TR ALIGN=LEFT VALIGN=MIDDLE>
<TD WIDTH=40%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
INCOME (LOSS) BEFORE INCOME TAXES</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE="1"><B>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,241</B> </FONT></TD>
<TD WIDTH=5%><FONT FACE="Arial, Helvetica, Serif" SIZE=3>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2,265)</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE="1"><B>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15,650</B> </FONT></TD>
<TD WIDTH=5%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;
</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,521</FONT></TD>
</TR>
<TR ALIGN=LEFT VALIGN=MIDDLE>
<TD WIDTH=40%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
PROVISION (CREDIT) FOR INCOME TAXES</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE="1"><B>
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,077</U></B> </FONT></TD>
<TD WIDTH=5%><FONT FACE="Arial, Helvetica, Serif" SIZE=3>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(894)</U></FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE="1"><B>
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,182</U></B> </FONT></TD>
<TD WIDTH=5%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;
</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,367</U></FONT></TD>
</TR>
<TR ALIGN=LEFT VALIGN=MIDDLE>
<TD WIDTH=40%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
NET INCOME (LOSS)</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE="1"><B>
<U>&nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,164</U></B> </FONT></TD>
<TD WIDTH=5%><FONT FACE="Arial, Helvetica, Serif" SIZE=3>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
<U>&nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1,371)</U></FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE="1"><B>
<U>&nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9,468</U></B> </FONT></TD>
<TD WIDTH=5%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;
</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
<U>&nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,154</U></FONT></TD>
</TR>
<TR ALIGN=LEFT VALIGN=MIDDLE>
<TD WIDTH=40%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
BASIC EARNINGS PER COMMON SHARE</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE="1"><B>
<U>&nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.20</U></B> </FONT></TD>
<TD WIDTH=5%><FONT FACE="Arial, Helvetica, Serif" SIZE=3>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
<U>&nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.09)</U></FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE="1"><B>
<U>&nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.61</U></B> </FONT></TD>
<TD WIDTH=5%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;
</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
<U>&nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.33</U></FONT></TD>
</TR>
<TR ALIGN=LEFT VALIGN=MIDDLE>
<TD WIDTH=40%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
DIVIDENDS PER COMMON SHARE</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE="1"><B>
<U>&nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.00</U></B> </FONT></TD>
<TD WIDTH=5%><FONT FACE="Arial, Helvetica, Serif" SIZE=3>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
<U>&nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.00</U></FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE="1"><B>
<U>&nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.075</U></B> </FONT></TD>
<TD WIDTH=5%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;
</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
<U>&nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.075</U></FONT></TD>
</TR>
<TR ALIGN=LEFT VALIGN=MIDDLE>
<TD WIDTH=40%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE="1"><B>
&nbsp;&nbsp;</B> </FONT></TD>
<TD WIDTH=5%><FONT FACE="Arial, Helvetica, Serif" SIZE=3>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE="1"><B>
&nbsp;&nbsp;</B> </FONT></TD>
<TD WIDTH=5%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;
</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;</FONT></TD>
</TR>
<TR ALIGN=LEFT VALIGN=MIDDLE>
<TD WIDTH=40%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
Weighted average shares outstanding</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE="1"><B>
&nbsp;&nbsp;15,741,024</B> </FONT></TD>
<TD WIDTH=5%><FONT FACE="Arial, Helvetica, Serif" SIZE=3>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;&nbsp;15,355,248</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE="1"><B>
&nbsp;&nbsp;&nbsp;15,473,228</B> </FONT></TD>
<TD WIDTH=5%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;
</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;15,864,546</FONT></TD>
</TR>
</TABLE><BR>

<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2">
<I>The earnings per share and dividend data has been adjusted to reflect MGPI's
two-for-one stock split that went into effect after the close of business on
June 30.</I></FONT><P>


<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
<B>CONSOLIDATED BALANCE SHEETS</B></FONT></P>
<HR WIDTH=100% ALIGN=LEFT SIZE=1 NOSHADE>
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=MIDDLE>
<TD WIDTH=28% ALIGN=LEFT><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
(unaudited)<BR>
(Dollars in thousands)</FONT></TD>
<TD WIDTH=10% ALIGN=CENTER><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
<B>June 30<BR>
2004</B></FONT></TD>
<TD WIDTH=10% ALIGN=CENTER><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
<B>June 30<BR>
2003</B></FONT></TD>
<TD WIDTH=4%><FONT FACE="Arial, Helvetica, Serif" SIZE=3>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=28% ALIGN=LEFT><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
(unaudited)<BR>
(Dollars in thousands)</FONT></TD>
<TD WIDTH=10% ALIGN=CENTER><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
<B>June 30<BR>
2004</B>
</FONT></TD>
<TD WIDTH=10% ALIGN=CENTER><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
<B>June 30<BR>
2003</B></FONT></TD>
</TR>
</TABLE>
<HR WIDTH=100% ALIGN=LEFT SIZE=1 NOSHADE>
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR ALIGN=LEFT VALIGN=MIDDLE>
<TD WIDTH=28%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
<B>ASSETS</B><BR></FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=4%><FONT FACE="Arial, Helvetica, Serif" SIZE=3>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=28%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
<B>LIABILITIES AND <BR>STOCKHOLDERS' EQUITY</B></FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;</FONT></TD>
</TR>
<TR ALIGN=LEFT VALIGN=MIDDLE>
<TD WIDTH=28%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
CURRENT ASSETS:</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=4%><FONT FACE="Arial, Helvetica, Serif" SIZE=3>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=28%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
CURRENT LIABILITIES:</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;</FONT></TD>
</TR>
<TR ALIGN=LEFT VALIGN=MIDDLE>
<TD WIDTH=28%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
<B>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,488</B></FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17,539</FONT></TD>
<TD WIDTH=4%><FONT FACE="Arial, Helvetica, Serif" SIZE=3>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=28%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
Current maturities of long-term debt</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
<B>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,201</B></FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,201</FONT></TD>
</TR>
<TR ALIGN=LEFT VALIGN=MIDDLE>
<TD WIDTH=28%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Receivables</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
<B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32,243</b></FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20,466</FONT></TD>
<TD WIDTH=4%><FONT FACE="Arial, Helvetica, Serif" SIZE=3>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=28%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
Accounts payable</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
<B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10,576</B></FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9,729</FONT></TD>
</TR>
<TR ALIGN=LEFT VALIGN=MIDDLE>
<TD WIDTH=28%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inventories</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
<B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32,775</B></FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26,956</FONT></TD>
<TD WIDTH=4%><FONT FACE="Arial, Helvetica, Serif" SIZE=3>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=28%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
Accrued expenses</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
<B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7,815</B></FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,604</FONT></TD>
</TR>
<TR ALIGN=LEFT VALIGN=MIDDLE>
<TD WIDTH=28%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
<B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;828</B></FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,578</FONT></TD>
<TD WIDTH=4%><FONT FACE="Arial, Helvetica, Serif" SIZE=3>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=28%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
Deferred income taxes</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
<B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;--</B></FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;241</FONT></TD>
</TR>
<TR ALIGN=LEFT VALIGN=MIDDLE>
<TD WIDTH=28%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred income taxes</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
<B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,090</B></FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;--</FONT></TD>
<TD WIDTH=4%><FONT FACE="Arial, Helvetica, Serif" SIZE=3>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=28%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
Income tax payable</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
<B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,423</B></FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;--</FONT></TD>
</TR>
<TR ALIGN=LEFT VALIGN=MIDDLE>
<TD WIDTH=28%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income taxes receivable</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
<B><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;--</U></B></FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,086</U></FONT></TD>
<TD WIDTH=4%><FONT FACE="Arial, Helvetica, Serif" SIZE=3>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=28%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
Deferred Income</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
<B><U>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12,598</U></B></FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
<U>$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14,323</U></FONT></TD>
</TR>

<TR ALIGN=LEFT VALIGN=MIDDLE>
<TD WIDTH=28%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
Total Current Assets</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
<B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76,424</B></FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69,625</FONT></TD>
<TD WIDTH=4%><FONT FACE="Arial, Helvetica, Serif" SIZE=3>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=28%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Current Liabilities &nbsp;&nbsp;</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
<B>&nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;36,613</b></FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
<B>&nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;31,098</b></FONT></TD>
</TR>
<TR ALIGN=LEFT VALIGN=MIDDLE>
<TD WIDTH=28%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
Property and Equipment, At Cost</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
<B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;296,377</B></FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;263,990</FONT></TD>
<TD WIDTH=4%><FONT FACE="Arial, Helvetica, Serif" SIZE=3>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=28%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;</FONT></TD>
</TR>
<TR ALIGN=LEFT VALIGN=MIDDLE>
<TD WIDTH=28%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Less accumulated depreciation</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
<B><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;187,280</U></B></FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;172,186</U></FONT></TD>
<TD WIDTH=4%><FONT FACE="Arial, Helvetica, Serif" SIZE=3>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=28%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
LONG-TERM DEBT</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
<B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12,561</B></FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15,232</FONT></TD>
</TR>
<TR ALIGN=LEFT VALIGN=MIDDLE>
<TD WIDTH=28%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
Property and Equipment, Net</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
<B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;109,097</B></FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91,804</FONT></TD>
<TD WIDTH=4%><FONT FACE="Arial, Helvetica, Serif" SIZE=3>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=28%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
POST-RETIREMENT BENEFITS</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
<B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,977</B></FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,780</FONT></TD>
</TR>
<TR ALIGN=LEFT VALIGN=MIDDLE>
<TD WIDTH=28%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
Insurance Receivable</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
<B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,425</B></FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11,515</FONT></TD>
<TD WIDTH=4%><FONT FACE="Arial, Helvetica, Serif" SIZE=3>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=28%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
DEFERRED INCOME TAXES</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
<B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13,677</B></FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15,802</FONT></TD>
</TR>
<TR ALIGN=LEFT VALIGN=MIDDLE>
<TD WIDTH=28%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
OTHER ASSETS</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
<B><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91</U></B></FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;186</U></FONT></TD>
<TD WIDTH=4%><FONT FACE="Arial, Helvetica, Serif" SIZE=3>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=28%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
STOCKHOLDERS' EQUITY</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
<B><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118,209</U></B></FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;105,218</U></FONT></TD>
</TR>
<TR ALIGN=LEFT VALIGN=MIDDLE>
<TD WIDTH=28%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
<B><U>$&nbsp;&nbsp;&nbsp;&nbsp;187,037</U></B></FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
<U>$&nbsp;&nbsp;&nbsp;&nbsp;173,130</U></FONT></TD>
<TD WIDTH=4%><FONT FACE="Arial, Helvetica, Serif" SIZE=3>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=28%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
&nbsp;&nbsp;</FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
<B><U>$&nbsp;&nbsp;&nbsp;&nbsp;187,037</U></B></FONT></TD>
<TD WIDTH=10%><FONT FACE="Arial, Helvetica, Serif" SIZE=1>
<U>$&nbsp;&nbsp;&nbsp;&nbsp;173,130</U></FONT></TD>
</TR>
</TABLE>
</BODY>
</HTML>

</TEXT>
</DOCUMENT>
</SUBMISSION>
