Valley National Gases Clarifies 'Revised' Statement Announcement

Valley National Gases Clarifies 'Revised' Statement Announcement



WASHINGTON, Pa., May 24  /PRNewswire-FirstCall/ -- Valley National Gases
Incorporated  (AMEX:VLG) announced today that it wishes to clarify and correct
possible misinterpretations or misperceptions that may have been created from
the Company's filing of Form 8-K on May 13, 2005.  Valley changed only the
format of its income statement starting with the 10Q for the quarter ended
December 31, 2004, to eliminate the gross profit subtotal.  This reformatting
was done to make the presentation of its financial results more consistent with
the presentation used by other industry participants and with the format
preferred by the Securities and Exchange Commission.  In order to provide
financial statements that could be read in the same format with respect to
prior fiscal periods, Valley filed a Form 8-K on May 13, also reformatting its
audited financial statements for the years ended June 30, 2004, 2003 and 2002.

Valley has not nor did not restate or change any of its reported results from
operations or financial condition in any manner when it reformatted its
financial statements, and the financial statements contained in the Form 8-K do
not constitute a "restatement."

Valley National Gases, with headquarters in Washington, Pennsylvania, is a
leading packager and distributor of industrial, medical and specialty gases,
welding equipment and supplies, propane and fire protection equipment.  Valley
National Gases operates sixty three locations in eleven states, with eight
production and distribution centers in the eastern United States. 

DATASOURCE: Valley National Gases Incorporated



CONTACT:  James P. Hart of Valley National Gases, [phone], or

 



Web site:  http://www.vngas.com/ 

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