Ken Globus, President of United-Guardian, stated "We are very pleased that we have been able to increase even further our earnings this year compared to last year. Despite the fact that our pharmaceutical sales for the second quarter as expected were lower than usual due to the large inventory purchases made by our pharmaceutical customers in the first quarter to avoid a price increase, we were still able to maintain last year's strong second quarter sales levels. This was a result of increased sales of our personal care products, which we expect to continue as we bring more of those types of products to market."

United-Guardian is a manufacturer of cosmetic ingredients, personal and health care products, pharmaceuticals, and specialty industrial products.

NOTE: This press release contains both historical and "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements about the company's expectations or beliefs concerning future events, such as financial performance, business prospects, and similar matters, are being made in reliance upon the "safe harbor" provisions of that Act. Such statements are subject to a variety of factors that could cause our actual results or performance to differ materially from the anticipated results or performance expressed or implied by such forward-looking statements. For further information about the risks and uncertainties that may affect the company's business please refer to the company's reports and filings with the Securities and Exchange Commission.