Moore-Handley Reports Results of Operations for the Quarter Ended September 30, 2007


BIRMINGHAM, Ala., Oct. 17, 2007 (PRIME NEWSWIRE) -- Moore-Handley, Inc. (Pink Sheets:MHCO), a Birmingham-based distributor of hardware and home center products, reported a net loss of $597,000 or $0.37 per diluted share for the quarter ended September 30, 2007 vs. net income of $225,000 or $0.14 per diluted share for the same period in 2006.

Sales for the quarter were $43,058,000, down 11.1% from the same quarter last year. Sales for the nine months ended September 30, 2007 were $133,050,000 or 10.9% below those in 2006. Net loss for the nine months ended September 30, 2007 was $476,000 or $0.30 per diluted share vs. net income of $865,000 or $0.52 per diluted share last year.

Selected financial data follow:



                               Moore-Handley, Inc.
                             Selected Financial Data


                    (UNAUDITED)                   (UNAUDITED)
                   Quarter Ended                Nine Months Ended
                   September 30                   September 30
             ========================     ===========================


 Operations:     2007         2006             2007           2006
             ===========  ===========     ============   ============
 Sales       $43,058,000  $48,424,000     $133,050,000   $149,255,000


 Operating
  income
  (loss)       (477,000)      865,000          785,000      2,772,000


 Interest
  expense       535,000       492,000        1,592,000      1,332,000


 Income
  (loss)
  before
  income
  tax        (1,012,000)      373,000         (807,000)     1,440,000

 Net income
  (loss)     $ (597,000)   $  225,000     $   (476,000)  $    865,000
             ===========   ==========     =============  ============
 Net income
  (loss)
  per
  share -
  basic      $    (0.37)   $     0.14     $      (0.30)  $       0.53
             ===========   ==========     =============  ============
 Net income
  (loss) per
  share -
  diluted    $    (0.37)   $     0.14     $      (0.30)  $       0.52
             ===========   ==========     =============  ============

 Weighted
  average
  common
  shares
  outstanding
    Basic     1,600,000     1,628,000        1,599,000      1,627,000
             ===========   ==========     =============  ============


    Diluted   1,600,000     1,647,000        1,599,000      1,648,000
             ===========   ==========     =============  ============


 Balance Sheets:
 September 30 -                                2007           2006
 --------------------------------------------------------------------
 Current assets                            $58,912,000    $56,041,000
 Other assets                                  360,000        384,000
 Property & equipment, net                   8,772,000      9,257,000
                                           -----------    -----------
 Total assets                               68,044,000     65,682,000
                                           ===========    ===========

 Current liabilities                        23,911,000     25,545,000
 Long term debt                             29,143,000     24,359,000
 Other liabilities                           3,235,000      1,620,000
 Stockholders' equity                       11,755,000     14,158,000
                                           -----------    -----------
 Total liabilities &
  stockholders' equity                     $68,044,000    $65,682,000
                                           ===========    ===========


            

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