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First Dallas Securities Initiates Coverage on MGF

For Immediate Release
June 2, 2006

Contact: Jim Williams, CEO jimw@montereygourmetfoods.com
Scott Wheeler, CFO scottw@montereygourmetfoods.com

SALINAS, CA (June 1, 2006)Monterey Gourmet Foods (NASDAQ: PSTA) announced today that First Dallas Securities, an independent research firm, recently initiated coverage on the Company. First Dallas Securities provides independent equity research for institutional and individual investors, with a primary focus on common stocks and a fundamental strategy that improves their clients' potential to achieve larger and solid long-term results.

First Dallas Securities searches nationwide for emerging companies in various industries, especially in the Southwest regions. They examine both high tech and old economy companies that are resurfacing with a solid game plan for new markets.

Chris Terry at First Dallas Securities issued the report and can be reached at (214) 954-1177, cterry@firstdallas.com

Monterey Gourmet Foods manufactures USDA inspected, fresh gourmet refrigerated food products at its integrated 143,000 square foot corporate headquarters, distribution, and manufacturing facilities in Salinas, (Monterey County) California, its organic food production facility in Eugene, Oregon and its newly acquired facility in Seattle, Washington. Monterey Gourmet Foods has national distribution of its products in over 10,000 retail and club stores throughout the United States and selected regions of Canada, the Caribbean, Latin America, and Asia Pacific.

 

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