Moore-Handley Reports Results of Operations for the Quarter Ended September 30, 2004


BIRMINGHAM, Ala., Oct. 27, 2004 (PRIMEZONE) -- Moore-Handley, Inc. (Pink Sheets:MHCO), a Birmingham-based distributor of hardware and home center products, reported net income of $110,000 or $0.07 per diluted share for the quarter ended September 30, 2004 vs. a net income of $28,000 or $0.02 per diluted share for the same period in 2003.

Sales for the quarter were $43,482,000 up slightly from the same quarter last year. Sales for the nine months ended September 30, 2004 were $125,159,000 or 2.8% above those for the comparable period in 2003. The net income for the nine months ended September 30, 2004 was $758,000 or $0.46 per diluted share vs. net income of $62,000 or $0.03 per diluted share for the same period last year. Included in the net income for the quarter and nine months was a non-cash charge, net of taxes, of $188,000 or $0.12 per diluted share to increase the Company's inventory valuation reserve in respect of vendor rebates.


 Selected financial data follow:

                          Moore-Handley, Inc.
                       Selected Financial Data
                              (UNAUDITED)

                    Quarter Ended             Nine Months Ended
                     September 30                September 30
              ==========================   ==========================
                   2004         2003           2004         2003
 Operations:


 Sales        $ 43,482,000  $ 43,252,000  $125,159,000  $121,794,000


 Operating
  income           429,000       283,000     1,930,000       804,000


 Income
  before
  income tax       175,000        44,000     1,204,000        98,000


 Net
  income      $    110,000  $     28,000   $   758,000   $    62,000
              ============  ============   ============  ============



 Net income
  per share
  - diluted   $       0.07  $       0.02  $       0.46  $       0.03
              ============  ============  ============  ============

 Weighted
  average
  diluted
  common
  shares
  outstanding    1,520,000     1,778,000     1,634,000     1,868,000
              ============  ============  ============  ============



 Balance Sheets:
  September 30 -                     2004               2003
 --------------------------------------------------------------
 Current assets                  $48,692,000        $47,041,000
 Other assets                        715,000            719,000
 Property & equipment,
  net                              8,793,000          8,594,000
                                 -----------        -----------
 Total assets                     58,200,000         56,354,000
                                 ===========        ===========

 Current liabilities              21,664,000         21,619,000
 Long term debt                   23,169,000         20,744,000
 Deferred income
  taxes                              947,000          1,032,000
 Stockholders'
  equity                          12,420,000         12,959,000
                                 -----------        -----------
 Total liabilities
  & stockholders'
  equity                         $58,200,000        $56,354,000
                                 ===========        ===========




            

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