Antigua Enterprises Inc. reports net sales for the third quarter ended Sept. 30, 2005 were $12.2 million dollars, down slightly from $12.3 million posted during last year's third quarter. Net income was nearly halved at $0.3 million, down from $0.6 million last year. Earnings per share were flat at one penny.

Consolidated Statements of Operations (in U.S. Dollars):

                      Three Months Ended         Nine Months Ended
                           Sept. 30,                 Sept. 30,
                   ------------------------- -------------------------
                       2005         2004         2005         2004
                   ------------ ------------ ------------ ------------
Sales              $12,240,061  $12,302,435  $34,841,731  $33,944,511
Cost of Sales        7,770,916    7,797,780   21,810,470   21,303,086
                   ------------ ------------ ------------ ------------
Gross Profit         4,469,145    4,504,655   13,031,261   12,641,425
                   ------------ ------------ ------------ ------------

Selling Expenses     2,493,108    2,481,841    7,099,085    6,765,297
General &
 Administrative
 Expenses            1,246,814    1,100,182    3,515,033    3,327,828
                   ------------ ------------ ------------ ------------
Operating Expenses   3,739,922    3,582,023   10,614,118   10,093,125
                   ------------ ------------ ------------ ------------

Income from
 Operations            729,223      922,632    2,417,143    2,548,300
                   ------------ ------------ ------------ ------------
Other Income
 (Expense):
Interest Expense      (356,758)    (348,672)  (1,014,160)  (1,059,926)
Other                   21,750       26,461       59,415       73,998
                   ------------ ------------ ------------ ------------
                      (335,008)    (322,211)    (954,745)    (985,928)
                   ------------ ------------ ------------ ------------
Income Before
 Income Taxes          394,215      600,421    1,462,398    1,562,372
Provision for
 Income Taxes           59,132            -      219,360            -
                   ------------ ------------ ------------ ------------

Net Income            $335,083     $600,421   $1,243,038   $1,562,372
                   ============ ============ ============ ============

Net Income Per
 Share                   $0.01        $0.01        $0.03        $0.04

Weighted Average
 Common Shares
 Outstanding        42,839,185   41,999,202   42,714,572   41,999,202

During the second quarter, the company determined its procedures to expense certain selling and marketing costs during interim periods were not correct. Previously costs were expensed in the periods management believed would receive the benefit of the expenditures. The correct procedure is to expense the costs when incurred. Operating income shown above has been restated to reflect the correct procedures.