Moro Corporation Reports 9 Month 2006 Earnings Increase of 21% Over Year Ago Period; TTM EPS is $.27.

WAYNE, Pa. -- Moro Corporation (OTC:MRCR) today announced that financial results for the three and nine months ended September 30, 2006 were as follows:

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Revenue for the three and nine months ended September 30, 2006 was $16,859,000 and $42,336,000, respectively, an increase of 64% and 69%, respectively, over the prior year period. Organic growth accounted for 56% and an acquisition in March 2006 of a residential HVAC business accounted for 44% of the year-to-year nine month revenue increase. The organic growth in revenue was primarily due to increased demand for the company's industrial/commercial mechanical contracting services.

Net income for the quarter ended September 30, 2006 was $639,000, an increase of 5% over the year-ago period. The primary reason for the modest increase in third quarter net income compared with the year-to-year revenue increase is that there were substantial start-up and related overhead expenses incurred in connection with establishing two additional reinforcing steel fabrication and distribution facilities - Rahway, New Jersey and Hammonton, New Jersey. One facility commenced operations in June 2006 and the other one commenced operations in August 2006. Also, lower selling prices for reinforcing steel, due to competitive pricing pressures, have had a negative impact on earnings.

Net income for the nine months ended September 30, 2006 was $1,460,000, an increase of 21% over the year-ago period. The nine month EPS increase was 21%.

David W. Menard, President and CEO, commented: "We earned $.23 per share for full year 2005. Through September 30, 2006 we are $.04 per share ahead of last year. Our trailing twelve months (TTM) EPS is $.27 per share. We expect that performance for the fourth quarter of 2006 will be strong. We continue to implement plans, including possible acquisitions, to expand our product lines, production/service capacity, market share and geographical coverage."

Moro's financial position is strong. At September 30, 2006, the current ratio was 1.6 and cash represented 11% of total assets and 36% of stockholders' equity. Nine month net income for 2006 on an annualized basis, as a percentage of beginning of the year stockholders' equity, was 40%.

The current customer order backlog for our principal business segments is at historical highs and, therefore, the outlook for Moro's performance during the next couple of years is favorable.

Moro is a profitable and financially strong multi-location and multi-subsidiary construction products and services 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) industrial/commercial and residential mechanical contracting services (HVAC, plumbing, and piping).

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.