Moore-Handley Reports Results of Operations for the Quarter Ended June 30, 2005


BIRMINGHAM, Ala., Aug. 1, 2005 (PRIMEZONE) -- Moore-Handley, Inc. (Pink Sheets:MHCO), a Birmingham-based distributor of hardware and home center products, reported net income of $258,000 or $0.17 per diluted share for the quarter ended June 30, 2005 vs. $317,000 or $0.21 per diluted share for the same period in 2004.

Sales for the quarter were $41,173,000, up 6.5% from the same quarter last year. Sales for the six months ended June 30, 2005 were $85,522,000 or 4.7% above those in 2004. Net income for the six months ended June 30, 2005 was $423,000 or $0.26 per diluted share vs. net income of $647,000 or $0.39 per diluted share last year. Lower earnings resulted from pressure on gross margin, increased marketing expense, and higher interest costs.

Selected financial data follow:


                          Moore-Handley, Inc.
                        Selected Financial Data

                          (UNAUDITED)             (UNAUDITED)
                         Quarter Ended          Six Months Ended
                            June 30                 June 30
                   ========================  ========================
 Operations:           2005        2004         2005          2004
                   ===========  ===========  ===========  ===========

 Sales             $41,173,000  $38,652,000  $85,522,000  $81,679,000
 Operating income      746,000      739,000    1,297,000    1,501,000
 Income (loss)
  before income tax    429,000      504,000      703,000    1,028,000
 Net income
  (loss)           $   258,000  $   317,000  $   423,000  $   647,000
                   ===========  ===========  ===========  ===========
 Net income (loss)
  per share
  - basic          $      0.18  $      0.22  $      0.29  $      0.41
                   ===========  ===========  ===========  ===========
 Net income (loss)
  per share
  - diluted        $      0.17  $      0.21  $      0.26  $      0.39
                   ===========  ===========  ===========  ===========
 Weighted average
  common shares
  outstanding
     Basic           1,467,000    1,467,000    1,467,000    1,587,000
                   ===========  ===========  ===========  ===========
     Diluted         1,547,000    1,507,000    1,620,000    1,666,000
                   ===========  ===========  ===========  ===========


 Balance Sheets:

 June 30 -                      2005            2004
 -------------------------------------------------------
 Current assets              $44,005,000     $41,668,000
 Other assets                    483,000         202,000
 Property & equipment, net     9,402,000       8,473,000
                             -----------     -----------
 Total assets                 53,890,000      50,343,000
                             ===========     ===========
 Current liabilities          17,898,000      15,838,000
 Long term debt               21,741,000      21,246,000
 Deferred income taxes         1,193,000         947,000
 Stockholders' equity         13,058,000      12,312,000
                             -----------     -----------
 Total liabilities &
  stockholders' equity       $53,890,000     $50,343,000
                             ===========     ===========


            

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