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February 14, 2001 < Previous Page
 

 

UNITED-GUARDIAN ISSUES INTERIM REPORT TO STOCKHOLDERS

Hauppauge, NY, February 14, 2001 --- United-Guardian, Inc., (AMEX-UG) today released an interim report to stockholders covering the period between its 9 months report issued in November and its Annual Report to stockholders expected to be released in April.   The company reported that it expects to finish the year with a significant increase in sales and earnings over last year, based on strong fourth quarter sales. It also reported that it had a strong start to the new fiscal year, with sales in January exceeding $1 million.

Kenneth H. Globus, President of United-Guardian, stated “One of the most significant areas of growth for us over the past year has been sales of our Lubrajel line of products into Mainland China.  We now have a couple of hundred customers in China for our Lubrajel products, including some of the largest producers of cosmetics in China, and we expect this to continue to grow.”

The interim report to stockholders was issued on February 9th.  The full text of the report can be found at the company’s web site at http://www.u-g.com/corporate/Int01st.html.

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:   Any "forward-looking statements” (as that term is defined in the Private Securities Litigation Reform Act of 1995) contained in this press release are being made in reliance upon the “safe harbor” provisions of that Act. The company’s actual results may differ materially. For information about the factors that may affect the company’s business please refer to the company's SEC filings.