Moore-Handley Reports Results of Operations for the Quarter Ended March 31, 2008


BIRMINGHAM, Ala., April 10, 2008 (PRIME NEWSWIRE) -- Moore-Handley, Inc. (Pink Sheets:MHCO), a Birmingham-based distributor of hardware and home center products, reported net income of $49,000, or $0.03 per diluted share, for the quarter ended March 31, 2008, vs. $310,000, or $0.19 per diluted share, for the same period in 2007.

Sales for the quarter were $41,320,000, down 13.5% from the same quarter last year.

Selected financial data follow:



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

                                                   Quarter Ended
                                                     March 31
                                            ==========================


 Operations:                                    2008          2007
                                            ============  ============

 Sales                                      $ 41,320,000  $ 47,747,000

 Operating income                                516,000     1,039,000

 Interest expense                                432,000       512,000

 Income before income tax                         84,000       527,000

 Net income                                 $     49,000  $    310,000
                                            ============  ============

 Net income per share - basic               $       0.03  $       0.19
                                            ============  ============

 Net income per share - diluted             $       0.03  $       0.19
                                            ============  ============

 Weighted average common
 shares outstanding
   Basic                                       1,600,000     1,598,000
                                            ============  ============

   Diluted                                     1,606,000     1,614,000
                                            ============  ============

 Balance Sheets:
 March 31 -                                     2008          2007
 ---------------------------------------------------------------------
 Current assets                             $ 55,809,000  $ 59,401,000
 Other assets                                    897,000       360,000
 Property & equipment, net                     8,530,000     8,888,000
                                            ------------  ------------
 Total assets                                 65,236,000    68,649,000
                                            ============  ============

 Current liabilities                          21,777,000    21,799,000
 Long term debt                               30,287,000    30,920,000
 Other liabilities                             3,040,000     3,394,000
 Stockholders' equity                         10,132,000    12,536,000
                                            ------------  ------------
 Total liabilities & stockholders' equity   $ 65,236,000  $ 68,649,000
                                            ============  ============




            

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