Moore-Handley Reports Results of Operations for the Fourth Quarter and Year Ended December 31, 2006


BIRMINGHAM, Ala., March 12, 2007 (PRIME NEWSWIRE) -- Moore-Handley, Inc. (Pink Sheets:MHCO), a Birmingham-based distributor of hardware and home center products, reported net income of $257,000 or $0.16 per diluted share for the quarter ended December 31, 2006 vs. $327,000 or $0.20 per diluted share for the same period in 2005.

Sales for the quarter were $37,133,000, down 14.3% from the same quarter last year. Sales for the twelve months ended December 31, 2006 were $186,388,000 or 4.8% above those in 2005. Net income for the year ended December 31, 2006 was $1,122,000 or $0.68 per diluted share vs. net income of $1,070,000 or $0.66 per diluted share last year.

Selected financial data follow:



                                 Moore-Handley, Inc.
                               Selected Financial Data


                      (UNAUDITED)                  (AUDITED)
                     Quarter Ended            Twelve Months Ended
                      December 31                 December 31
               ==========================  ==========================

 Operations:       2006          2005          2006          2005
               ============  ============  ============  ============
 Sales         $ 37,133,000  $ 43,310,000  $186,388,000  $177,768,000

 Operating
  income            882,000       880,000     3,654,000     3,010,000

 Interest
  expense           452,000       332,000     1,784,000     1,226,000

 Income before
  income tax        430,000       548,000     1,870,000     1,784,000

 Net income    $    257,000  $    327,000  $  1,122,000  $  1,070,000
               ============  ============  ============  ============
 Net income
  per share
  - basic      $       0.16  $       0.21  $       0.69  $       0.72
               ============  ============  ============  ============
 Net income
  per share
  - diluted    $       0.16  $       0.20  $       0.68  $       0.66
               ============  ============  ============  ============

 Weighted
  average
  common
  shares
  outstanding
   Basic          1,608,000     1,554,000     1,623,000     1,489,000
               ============  ============  ============  ============
   Diluted        1,624,000     1,659,000     1,642,000     1,618,000
               ============  ============  ============  ============

 Balance Sheets:
 December 31 -        2006          2005
 -------------------------------------------
 Current assets   $ 49,573,000  $ 49,031,000
 Other assets          360,000       384,000             
 Property &
  equipment,
  net                9,128,000     9,072,000
                  ------------  ------------
 Total assets       59,061,000    58,487,000
                  ============  ============

 Current
  liabilities       18,743,000    21,465,000
 Long term
  debt              24,766,000    22,064,000
 Other
  liabilities        3,327,000     1,672,000
 Stockholders'
  equity            12,225,000    13,286,000
                  ------------  ------------
 Total
  liabilities
  & stockholders'
  equity          $ 59,061,000  $ 58,487,000
                  ============  ============


            

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