Market Overview

Moro Corporation Financial Results – 6 Months Ended June 30, 2018

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Moro Corporation (OTC:MRCR) today announced that financial results for
the six months ended June 30, 2018 were as follows:

           

6 Months
6/30/18
Actual (Unaudited)

6 Months
6/30/17
Actual (Unaudited)

Revenue
Material Sales $ 6,548,000 $ 8,486,000
Construction Contracts Revenues $ 19,608,000 $ 20,954,000

Net Income From Continuing Operations

$ 453,000 $ 617,000
Earnings Per Share 0.07 0.09

Average Number of Shares Outstanding

6,119,337 6,119,337
 

Revenues for the six months ended June 30, 2018 were $26,156,000 with a
Net Income from continuing operations before tax in the amount of
$665,000. The Construction Contracting Division (mainly HVAC, plumbing
and electrical services) accounted for 75.0%, and the Construction
Materials Division (primarily fabrication of concrete reinforcing steel)
accounted for 25% of revenue for the six-month period.

Regarding the Construction Contracting Division, the first two quarters
of the year are historically the slowest of the year in the construction
industry. We believe that the outlook is good, and we expect that there
will be an increase in billings for the remainder of the year.

The Moro Corp. subsidiary, J.M. Ahle Co., involved in the miscellaneous
steel business, has been confronted with a fair amount of competition
from its steel-producing suppliers and tariff issues on steel purchases.
Therefore, Moro Corp. has taken steps to strategically address these
issues.

We believe that Moro's financial position is fairly strong. As of June
30, 2018, cash totaled $1,518,182 and represented 17.1% of stockholders'
equity of $8,858,133. Based on our balance sheet as of June 30, 2018,
equity per share was $1.45.

Moro is a multi-subsidiary construction products and services company
engaged in the (a) fabrication of concrete reinforcing steel (rebar) and
sheet metal (ductwork); (b) distribution of construction steel and
construction accessories; and (c) industrial/commercial and some
residential construction contracting services (HVAC, plumbing,
electrical and miscellaneous steel).

For more information, contact David W. Menard, Chairman and CEO, at
484-367-0300, fax 484-367-0305.

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 ability of the company to predict market conditions, the
continued ability of the company to generate operating profits, the lack
of continued demand for the company's products, the ability to retain
market share, the impact of any tariffs imposed on imports of steel, the
availability of governmental funding for the Company's projects, the
continued strength of the company's financial position, the ability to
locate and acquire suitable acquisition opportunities, and if acquired,
the ability of any such businesses to generate sufficient revenues.

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