CORRECTING and REPLACING Moro Corporation Reports 2003 Sales and Earnings.

Business Editors

CORRECTION...by Moro Corporation

WAYNE, Pa.--(BUSINESS WIRE)--April 20, 2004

In BW6045 issued April 19, 2004: Table header should read: Twelve Months Ending (sted Three Months Ending).

MORO CORPORATION REPORTS 2003 SALES AND EARNINGS

Moro Corporation (OTCBB:MRCR) today announced that financial results for the twelve months ending December 31, 2003 were as follows:

                                     Twelve Months Ending
                                          December 31
                                          -----------
                                     2003              2002
                                     ----              ----
Sales                            $23,119,000       $14,585,000
Net income                       $   378,000       $   395,000
Earnings per share               $       .06       $       .07
Average number of common
  shares outstanding               6,250,000         5,770,788

Sales for the year ended December 31, 2003 were 59% greater than for the same period a year ago. Revenues for the Mechanical Contracting division were $12,290,000 compared with $3,553,000 for the year ago period because this segment was not created until October 1, 2002 with the acquisition of Rado Enterprises, Inc. The revenue increase attributable to the Mechanical Contracting division accounted for 102% of the year-to-year increase offset by a decrease of 2% attributable to the Construction Materials division, which experienced lower net selling prices for its products.

Net income for the year ended December 31, 2003 was 4% lower than for the same period a year ago. The decrease was attributable primarily to lower gross margins for the Construction Materials division and higher corporate expenses, due to higher accounting, legal and corporate development costs. Net income as a percentage of beginning of the year stockholders' equity was 20%.

Moro is a profitable and financially strong multi-location and multi-subsidiary company engaged in the (a) fabrication of concrete reinforcing steel (rebar), sheet metal (duct work), structural steel and process piping, (b) distribution of construction steel, miscellaneous steel and construction accessories, and (c) mechanical contracting services (HVAC, plumbing, piping).

Quarterly 10-QSB and annual 10-KSB filings can be obtained from the Security and Exchange Commission's website at www.sec.gov or from the company upon request. For more information, contact David W. Menard, President and CEO, at 484-367-0300.

Statement under the Private Securities Litigation Reform Act: This press release contains certain forward-looking statements regarding, among other things, the anticipated profitability and continued growth of the company. Those statements are subject to known and unknown risks, uncertainties and other factors that could cause the actual results to differ materially from those contemplated by the statements, including the continued ability of the company to generate operation profits, the lack of continued demand for the company's products, the ability to locate and acquire suitable acquisition opportunities, and if acquired, the failure of any such businesses to generate operating profits.