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.