Exhibit 99.1

         Golden Enterprises, Inc. Declares Quarterly Dividend


    BIRMINGHAM, Ala.--(BUSINESS WIRE)--Sept. 21, 2006--Golden
Enterprises, Inc.'s (NASDAQ: GLDC) Board of Directors today declared a
quarterly dividend of $.03125 per share payable October 25, 2006 to
stockholders of record on October 6, 2006.
    For the thirteen weeks ended September 1, 2006, Golden
Enterprises, Inc.'s basic and diluted earnings per share were $.02
compared to ($.01) last year, on net sales of $27,824,938 versus
$26,031,836, a 7% increase.
    During the first quarter, gross margins increased $1,349,805 or
11% compared to the prior year quarter. Selling, general and
administrative expenses increased $834,214, or 7%, due to substantial
increases in fuel cost.
    Looking forward into the second quarter, Golden Enterprises, Inc.
had strong sales in last year's second quarter as a result of post
Hurricane Katrina, but a favorable decline in fuel and transportation
costs should sustain earnings.
    The following is a summary of sales and income information for the
thirteen weeks ended September 1, 2006 and September 2, 2005.


                                             THIRTEEN WEEKS ENDED
                                        ------------------------------
                                         September 1,    September 2,
                                            2006            2005
                                        ------------------------------
Net sales                              $   27,824,938  $   26,031,836
                                        ==============  ==============

Income before income taxes             $      349,035  $     (101,733)
Income taxes                                  128,812         (37,491)
                                        --------------  --------------

Net income                             $      220,223  $      (64,242)
                                        ==============  ==============

Basic and diluted earnings per share   $          .02  $         (.01)
                                        ==============  ==============

Basic weighted shares outstanding          11,835,330      11,835,330
                                        ==============  ==============

Diluted weighted shares outstanding        11,835,330      11,861,949
                                        ==============  ==============


    This News Release contains certain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of
1995. Actual results could differ materially from those
forward-looking statements. Factors that may cause actual results to
differ materially include price competition, industry consolidation,
raw material costs and effectiveness of sales and marketing
activities, as described in the Company's filings with the Securities
and Exchange Commission.


    CONTACT: Golden Enterprises, Inc.
             Patty Townsend, 205-458-7132