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                        Moore-Handley:  Quarterly Earnings


FOR IMMEDIATE RELEASE
For:  Moore-Handley, Inc.                           Contact:   Peter B. Covert 
P.O. Box 2607                                                  (205) 663-8408
Birmingham, AL 35202                                                           
                                                          
                MOORE-HANDLEY REPORTS RESULTS OF OPERATIONS
                  FOR THE QUARTER ENDED MARCH 31, 2000

        BIRMINGHAM, AL... May 5 - Moore-Handley, Inc. (NASDAQ-MHCO)  a
Birmingham, Alabama based distributor of hardware and home-center products,
announced that net income for the quarter ending March 31, 2000 was $71
thousand or four cents per share on 1,933,000 average shares outstanding
compared to a net loss of $84 thousand or four cents per share on 1,876,000
average shares outstanding in 1999.  The improvement came despite slightly
lower sales.

          The Company noted that a change in the method of estimating vendor
allowances, described more fully in the Company's Form 10-Q, reduced 2000
reported first quarter net income by $178 thousand or nine cents per share. 
The intra-year allocation change will have no effect on annual reporting.

Summary results of operations follows:
                                                                   
                                 Summary Statement of Operations               
                               (in thousands, except per share data)
                                                              
                                            Quarter Ended                
                                              March 31                
                                         2000          1999            
                                             
Sales                                  $43,755       $44,663        
                                        
Total Gross Margin                       6,916         6,456           
Warehouse & 
   Delivery Expense                      2,656         2,693          
Gross profit                             4,260         3,763          
Selling & administrative 
            expense                      3,772         3,580           
Operating income                           488           183           
Interest expense                           373           318          
Income (loss) before provision                                  
   For income tax (benefit)                115          (135)          
Income tax (benefit)                        44           (51)         
Net income (loss)                      $    71       $   (84)        

Net income (loss) 
        per share                      $   .04       $  (.04)       
                                        
Weighted average common                                 
    Shares outstanding               1,933,000     1,876,000        

                                        
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