Abrams Files 8K

ATLANTA, March 3  /PRNewswire-FirstCall/ -- ABRAMS INDUSTRIES, INC. (NASDAQ:ABRI), an energy services, facilities solutions and real estate company, today reported in its SEC form 8K that the Company's Board of Directors yesterday elected Mr. Robert T. McWhinney, Jr. as the replacement on the Audit Committee for Mr. Felker W. Ward, Jr., 72, who retired as a Director of the Company on February 15, 2006. Mr. McWhinney has been a Director of the Company since 2000 and previously served on the Company's Audit Committee.

The form 8K also noted that the Company had received a letter from Nasdaq earlier this week indicating that with the retirement of Mr. Ward, the Company was not in compliance with Nasdaq's audit committee requirement as set forth in Marketplace Rule 4350. With the election of Mr. McWhinney, however, the Company's Audit Committee is once again comprised of three independent directors, and the Company is in full compliance with Marketplace Rule 4350. The Audit Committee held no meetings and took no actions during the two-week period that it had only 2 members. The next Audit Committee meeting is scheduled for March 9, 2006.

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. 

DATASOURCE: Abrams Industries, Inc.



CONTACT:  Alan R. Abrams, Co-Chairman, President & Chief Executive

Officer of Abrams Industries, [phone], or





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

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