Exhibit 99.1
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UNITED-GUARDIAN REPORTS
THIRD QUARTER RESULTS
Hauppauge, NY, November 8, 2005 - United-Guardian, Inc. (AMEX:UG) reported today
that revenue and net income for the nine month period ended September 30, 2005
increased 8.0% over the comparable period in 2004, with sales increasing from
$8,977,454 to $9,697,066, and net income increasing from $2,081,260 ($.42 per
share) to $2,242,501 ($.45 per share). For the 3-month period ended September
30th sales increased from $2,987,383 to $3,049,494, and net income increased
from $699,096 ($.14 per share) to $775,716 ($.16 per share), an increase of 11%.
"In addition to expanding our product development work into some new areas, such
as a new chlorine-based disinfectant, we are continuing to expand the market for
our existing products, in particular our extensive Lubrajel(R) line of
water-based moisturizing and lubricating gels", stated Ken Globus, President of
United-Guardian. "We are also working with a consultant to assist us in
anticipating new product trends so that we can continue to be proactive in
providing new and innovative products for the personal care market".
United-Guardian is a manufacturer of cosmetic ingredients, personal and health
care products, pharmaceuticals, and specialty industrial products.
Contact: Robert S. Rubinger
Public Relations
(631) 273-0900
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.
<page>
RESULTS FOR THE NINE AND THREE MONTHS ENDED
SEPTEMBER 30, 2005 and SEPTEMBER 30, 2004
<table>
<caption>
9 Months Ended 3 Months Ended
September 30, September 30,
2005 2004 2005 2004
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Revenue: $ 9,697,066 $ 8,977,454 $ 3,049,494 $ 2,987,383
Costs and expenses: 6,293,665 5,899,444 1,926,766 1,953,142
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Income from operations 3,403,401 3,078,010 1,122,728 1,034,241
Other income 121,400 160,250 74,388 53,855
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Income before income taxes 3,524,801 3,238,260 1,197,116 1,088,096
Provision for income taxes 1,282,300 1,157,000 421,400 389,000
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Net income $ 2,242,501 $ 2,081,260 $ 775,716 $ 699,096
========= ========= ======== =========
Earnings per share (Basic and Diluted) $ 0.45 $ 0.42 $ 0.16 $ 0.14
========== ========= ======== =========
</table>
Additional financial information can be found at the company's web site at
www.u-g.com.