H. Paulin & Co., Limited - 2006 year-end financial results

    TORONTO, March 30 /CNW/ - H. PAULIN & CO., LIMITED today announced the
following financial results for the year ended December 31, 2006. Shown are
2005 comparisons.

                                  2006            2005
                                  ----            ----
    Sales                    $ 149,578,000   $ 150,170,000
    Income before taxes      $   7,562,000   $   9,298,000
    Net Income               $   5,034,000   $   6,020,000
    Earnings per share       $        4.71   $        5.65

    The following results are for the fourth quarter period ended December 31,
2006. Shown are 2005 comparisons.

                                   2006           2005
                                   ----           ----
    Sales                    $  32,152,000   $  34,384,000
    Income before taxes      $     688,000   $   1,558,000
    Net Income               $     552,000   $   1,127,000
    Earnings per share       $        0.52   $        1.05

    Other information
    As previously disclosed, Home Depot acquired its primary fastener
supplier in the U.S. (2005). This has recently resulted in certain changes to
the Company's supply relationship with this customer, which will have a
material adverse impact on revenues and profits in 2007. Some of the
anticipated declines in profit may be partially offset by actions implemented
by the Company to reduce certain product and operating costs. While the
Company fully expects to finalize a supply agreement with Home Depot Canada,
there can be no assurance that an agreement will be entered into or that the
terms will be as currently contemplated.
    (For further information, please see the Company's financial statements,
MD&A and AIF filed on SEDAR at www.sedar.com.)

    H. Paulin & Co., Limited is a leading Canadian manufacturer and
merchandiser of bolts, nuts, screws, and fluid system components for the
automotive, industrial and retail hardware markets.


    "Carl Krause"

    C. W. Krause, Treasurer

For further information:

For further information: H. Paulin & Co. Limited, 55 Milne Avenue,
Toronto, Ontario, Canada, M1L 4N3, Telephone (416) 694-3351, Fax (416)
694-2916, Toll Free 1-800-268-4000, E-mail: investor@hpaulin.com

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H. Paulin & Co. Limited

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