ST. CLAIR SHORES, Mich. , Aug. 15 /PRNewswire-FirstCall/ -- Federal Screw Works (Pink Sheets: FSCR) reports a net loss for the fourth quarter ended June 30, 2008 , of $(649,000) , or $(.47) per share, on sales of $14,533,000 . This compares to net earnings of $511,000 , or $.37 per share, on sales of $20,236,000 in the comparable quarter last year. For the year ended June 30, 2008 , the Company reports a net loss of $(2,792,000) , or $(2.02) per share, on sales of $63,057,000 . For the year ended June 30, 2007 , the Company reported a net loss of $(2,488,000) , or $(1.80) per share, on sales of $72,983,000 .

The Board of Directors has declared a regular quarterly cash dividend of $.10 per share, payable October 3, 2008 , to shareholders of record September 3, 2008 .

SOURCE Federal Screw Works