Exhibit 99.1
- ------------
UNITED-GUARDIAN REPORTS
STRONG SIX-MONTH SALES & EARNINGS
Hauppauge, NY, August 8, 2007 - United-Guardian, Inc. (AMEX:UG) reported today
that it had a very strong first half of the year, with revenue increasing 22%
over the same period last year, and earnings increasing 49%. Revenue for the
six-month period was $7,244,933 compared with $5,921,812 for the same period
last year, and earnings were $1,895,315 ($0.38 per share) this year compared
with $1,272,381 ($0.26 per share) for the same six-month period last year. For
the three-months ended June 30th, revenue was virtually the same as last year's
second quarter ($3,017,507 this year compared with $3,057,015 last year), but we
were able to increase earnings by 13% (to $735,270 (0.15 per share) compared
with $ 650,396 ($0.13 per share) last year by lowering some of our key costs.
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.
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 SECOND QUARTER ENDED
JUNE 30, 2007 and JUNE 30, 2006
6 Months Ended 3 Months Ended
June 30, June 30,
2007 2006 2007 2006
--------- --------- --------- ---------
Revenue $7,244,933 $5,921,812 $3,017,507 $3,057,015
Costs and expenses 4,593,912 4,168,257 2,050,680 2,174,522
--------- --------- --------- ---------
Income from
operations 2,651,021 1,753,555 966,827 882,493
Other income: 290,394 194,526 165,043 114,103
------- ------ ------- ------
Income before income
taxes 2,941,415 1,948,081 1,131,870 996,596
Provision for income
taxes 1,046,100 675,700 396,600 346,200
--------- ------- ------- -------
Net income $ 1,895,315 $1,272,381 $735,270 $650,396
========= ========= ======= =======
Earnings per share
(Basic and Diluted) $ .38 $ .26 $ .15 $ .13
==== ==== ==== ====
Additional financial information can be found at the company's web site at
www.u-g.com.