ABRI Abrams Industries (MM)

ATLANTA, Dec. 16 /PRNewswire-FirstCall/ -- ABRAMS INDUSTRIES, INC. (NASDAQ:ABRI), an energy services, facilities solutions and real estate company, today announced that its SEC form 10Q quarterly report, filed yesterday, reflected a net loss of $22,914 or $.01 per share for the second quarter ended October 31, 2005, compared to net earnings of $521,340 or $.15 per share, for the same period last year. For the six month period ended October 31, 2005, the Company reported a net loss of $359,940 or $.10 per share, compared to a net loss of $584,114, or $.17 per share, in the same period of the prior year. Commenting on the results, Alan R. Abrams, Co-Chairman, President and CEO, stated: "I continue to be encouraged by the groundwork that is being laid to improve our operating results. In the second quarter, our loss from continuing operations of $6,005 was 98% below the first quarter loss from continuing operations of $320,559. Successful asset management activities have led to improved operating results within our real estate portfolio, as our second quarter gross margin from rental activities, exclusive of one-time real estate sales, increased to 33% compared to 27% over this same period last year. Additionally, I am particularly pleased with the higher margins and 10% increase in backlog within our Energy and Facilities Solutions sector, as we continue to roll out our new suite of Web and wireless maintenance management solutions." Established in 1925, Abrams Industries, operating nationwide through its wholly owned subsidiaries, offers a variety of energy efficiency services and facility resource management solutions, and engages in commercial real estate investment and development. The Company provides energy engineering and analytical consulting services, Web-enabled service and maintenance management software solutions, and turnkey implementation of energy saving lighting programs and related energy services, which help its customer base of energy services companies and multi-site owners and operators of office, hospitality, retail, educational, institutional, industrial, multi-family, government, and health care buildings, proactively manage facility resources and reduce energy consumption and other facility-related expenses, while improving occupant satisfaction. The Company also currently owns or controls over 800,000 square feet of shopping centers in the Midwest and Southeast and more than 200,000 square feet of office properties in metropolitan Atlanta, Georgia. For more information about Abrams Industries, please visit http://www.abramsindustries.com/ or call 770-953-0304. Certain statements contained in this news release are forward-looking statements within the meaning of the federal securities laws. Such forward- looking statements involve known and unknown risks, uncertainties and other matters which may cause the actual results, performance or achievements of Abrams Industries, Inc. to be materially different from any past or future results, performance, or uncertainties expressed or implied by such forward- looking statements. Abrams Industries, Inc. does not undertake to update these forward-looking statements. CONDENSED CONSOLIDATED RESULTS OF OPERATIONS (UNAUDITED) Second Quarter Ended First Six Months Ended October 31, October 31, 2005 2004 2005 2004 Revenues from Continuing Operations $5,976,921 $6,905,992 $10,749,426 $11,532,226 Net (Loss) Earnings from Continuing Operations $(6,005) $460,032 $(326,564) $(624,259) Net (Loss) Earnings from Discontinued Operations (16,909) 61,308 (33,376) 40,145 Net (Loss) Earnings $(22,914) $521,340 $(359,940) $(584,114) Net (Loss) Earnings per share from: Continuing Operations -Basic and Diluted $- $0.13 $(0.09) $(0.18) Discontinued Operations -Basic and Diluted (0.01) 0.02 (0.01) 0.01 Net (Loss) Earnings per share-Basic and Diluted $(0.01) $0.15 $(0.10) $(0.17) DATASOURCE: Abrams Industries, Inc. CONTACT: Alan R. Abrams, Co-Chairman, President & Chief Executive Officer of Abrams Industries, Inc., +1-770-953-0304, or Web site: http://www.abramsindustries.com/

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