Ken Globus, President of United, stated, "As a result of an almost 10% increase in revenue from our personal care products, as well as our success in reducing costs, we were able to increase our earnings per share from continuing operations by 28% over last year. In addition, our balance sheet continues to grow stronger, with stockholders' equity increasing $1.3 million to $14.5 million, and our current ratio remaining very strong at 6.7 to 1."

Although the Company expects raw material costs to increase this year, it anticipates that it will be able to offset this with price increases and increased sales. It also intends to increase its efforts to develop new products, primarily for the personal care and medical markets, and to expand further the global marketing of its products.

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 Registrant's 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.