Berger Holdings, Ltd. Reports Record Revenue.

Business Editors

PHILADELPHIA--(BUSINESS WIRE)--March 3, 2000

Berger Holdings, Ltd. (NASDAQ: "BGRH") reported revenue of $39,966,301 for the year ended December 31, 1999 vs. $35,608,309 for the year ended December 31, 1998, an increase of 12%.

Cash flow from operating activities (EBITDA) was $4,648,791 vs. $3,974,061, an increase of 17%. Net income before taxes available to common shareholders (on a comparable basis) increased 28% to $823,463 in 1999 vs. $643,627 in 1998. Reported net income available to common shareholders was $381,797 in 1999 vs. $1,290,828 in 1998, primarily as a result of an income tax provision in 1999 and an income tax benefit in 1998.

1999 is the first year Berger is reporting on a fully taxed basis, although the Company still has approximately $5.5 million in federal net operating loss carryforwards. Total taxes actually paid on 1999 income will be approximately $54,000.

Mr. Theodore A. Schwartz, Chairman and CEO of the Company, stated, "During 1999 we assimilated the operations of our two major competitors which we acquired during 1998. We completed the expansion of our infrastructure to accommodate anticipated further growth and acquisitions, while at the same time, reducing the combined amount of debt and preferred stock outstanding. We reduced our basic and fully diluted capitalizations by 314,494 shares or 4.3%."

He further stated, "We are very pleased that we were able to renegotiate and extend our bank financing facility with Summit Bank at one-half below prime, which includes an $8 million acquisition fund. Our goal for 2000 is to increase both revenue and income, seek and consummate accretive acquisitions, while continuing our stock buy-back program."

                                              1999           1998
                                              ----           ----

Revenue                                   $39,966,301    $35,608,309
Operating income                            2,651,034      2,191,309
Net income before taxes and preferred
 dividends                                    823,463      1,043,627
Dividends on Preferred stock                    -           (400,000)
Net income before taxes
 (comparable basis)                           823,463        643,627

Provision for income tax (benefit)(1)         441,666       (647,201)
Net income available to common
 shareholders                                 381,797      1,290,828
Basic shares                                5,483,726      5,367,546
Basic income per common share                     .07            .24
Diluted number of common shares             7,381,196      7,523,165
Earnings per diluted common share                 .07            .22
EBITDA                                      4,648,791      3,974,061
EBITDA per basic share                            .85            .74
EBITDA per diluted share                          .63            .53

     (1) For reporting purposes only.

Berger Holdings, Ltd. is the parent company of Berger Bros Co., which was founded in 1874, and is a manufacturer of the most complete line of roof drainage products specializing in copper as well as residential and commercial snow guards. All of the Company's products are used in new construction, remodeling and renovation markets.

Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that actual results may differ substantially from such forward-looking statements. Forward-looking statements involve risk and uncertainties including but not limited to, continued acceptance of the company's products in the marketplace, competitive factors, new products and technological changes, the Company's dependence upon third-party suppliers and other risks detailed in the company's periodic reports filing with the Securities and Exchange Commission.