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November 1, 2000 < Previous Page

UNITED-GUARDIAN REPORTS RECORD
NINE MONTH  EARNINGS

           Hauppauge, NY, November 1, 2000 -- United-Guardian, Inc. (AMEX:UG) today released its financial results for the third quarter of 2000.   Earnings after taxes for the first 9 months of the year have once again attained a new record for the company, increasing 38% from $1,145,348 ($.23 per share) in 1999 to 1,579,687 ($.32 per share) in the current year.  Revenue for the period increased 10% from $7,093,503 in 1999 to $7,795,787 in 2000.  For the three months ended September 30, 2000, net earnings increased 19% from $303,728 in 1999 ($.06 per share) to $361,313 ($.07 per share) in 2000.

             Kenneth H. Globus, President of United-Guardian, stated: “I am pleased to report that we have once again attained record earnings for the first nine months of this year, and that as a result of the excellent progress the company has made over the past few years in increasing its revenue, earnings, and financial strength we were recently chosen by Forbes Magazine to be one of the “200 Best Small Companies in America”.  We are very pleased that the efforts we have been making over the past few years have now been recognized by one of the leading financial magazines in the world.  Because this list can include companies with up to $350 million in sales, we are certainly in excellent company, and are very proud of what we have been able to achieve over the past few years. Since our current earnings increases are primarily the result of increased sales of our existing product lines, we are very optimistic that we will experience even greater growth over the next few years as some of our ongoing projects begin to generate revenue”.

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

 (Table to follow)                                                          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 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.

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