ACHRNEWS

FYI: Wholesale-distribution

May 5, 2000

R.E. Michel

R.E. Michel (Glen Burnie, MD) has purchased significant assets of Kissiah Distributing and its subsidiary, Southernair. They will continue to operate as Kissiah Distributing in Charlotte, NC, and Southernair in Durham, NC.

ACR Group

The fiscal year and fourth quarter ended Feb. 29, 2000, for ACR Group Inc. (Houston, TX). It reported that net income for fiscal 2000 increased 57% to $2,227,000, or $0.20 per diluted share.

Noland

Noland Co. (Newport News, VA) reported first-quarter net income of $2,365,000, or $0.64 per share (fully diluted basis) vs. $822,000 or $0.22 per share for the year-earlier period.