Exhibit 99.1



NEWS RELEASE



VULCAN INTERNATIONAL CORPORATION

Executive Offices:

300 Delaware Avenue,  Suite 1704

Wilmington, Delaware  19801




IMMEDIATE RELEASE

October 27, 2004



Vulcan International Corporation, the parent of Vulcan Corporation, a Tennessee corporation, a diversified manufacturer of rubber and foam with a manufacturing plant in Tennessee, announced  net revenues for the third quarter ending September 30, 2004 decreased to $2,231,000 from $2,756,337 in the third quarter of 2003. Net earnings from continuing operations increased to $415,067 in the third quarter of 2004 from $369,064 in the third quarter of 2003.  Capital gains in third quarter of 2004  were $40,859 compared to $65,160 in the third quarter of 2003.


In the third quarter ending September 30, 2004 the Company had earnings per share of 45 cents compared to $1.39 in the third quarter of 2003 resulting primarily from the settlement of the Re-Solve suit which constitutes 95 cents per share in 2003.

 

For the nine-month period ending September 30, 2004, the company had consolidated net earnings from continuing operations of $901,488 on revenues of $8,149,209. This compares to consolidated net earnings from continuing operations of $781,306 on revenues of $7,837,651 in 2003. Net income from discontinued operations in the nine month period of 2004 was $38,086 compared to $37,642 in 2003. Net gains on asset sales for the nine months ending September 30, 2004 due mainly from the sale of securities and timber were $424,250 compared to $670,046 in 2003. Net gains on sale of  assets from discontinued operations were $1,542,852 in 2004 compared to none in 2003.


On a per share basis for the nine month period ending September 30, 2004, the Company had earnings per share of $2.88 compared to $2.43 in the nine months ending September 30, 2003.


Attribute to Benjamin Gettler, Chairman of the Board and President


For more information: Contact Vernon E. Bachman, Vice President

   Secretary and Treasurer at (513) 621-2850















VULCAN INTERNATIONAL CORPORATION

       
       
  

COMPARISON

 
  

3 MONTHS ENDED

 
  

SEPTEMBER 30,

 
  

2004

  

2003

 
       

NET REVENUES:

      

   CONTINUING OPERATIONS

$

2,231,000

  

2,756,337

 

   

      

NET EARNINGS FROM:

      

   CONTINUING OPERATIONS

 

398,344

  

1,324,063

 

   NET GAINS (LOSS) ON DISPOSAL OF ASSETS

 

57,582

  

65,161

 

   NET INCOME RELATED TO RE-SOLVE

     SETTLEMENT

 


-

  


955,000

 

          TOTAL NET EARNINGS FROM

              CONTINUING OPERATIONS

 


455,926

  


2,344,224

 
       

INCOME FROM DISCONTINUED OPEATIONS

 

-

  

6,418

 
       

          TOTAL NET EARNINGS

$

455,926

  

2,350,642

 
       
       

EARNINGS PER COMMON SHARE:

      

   CONTINUING OPERATIONS

$

0.40

  

0.37

 

   NET GAINS(LOSS) ON DISPOSAL OF ASSETS

 

0.06

  

0.06

 

   INCOME RELATED TO RE-SOLVE

     SETTLEMENT

 


-

  


0.95

 

   INCOME FROM DISCONTINUED OPERATIONS

 

-

  

0.01

 
       

          TOTAL EARNINGS PER COMMON SHARE

$

0.45

  

1.39

 
       

AVERAGE NUMBER OF SHARES OUTSTANDING

 

1,006,707

  

1,004,707

 
       
















VULCAN INTERNATIONAL CORPORATION

       
       
  

COMPARISON

 
  

9 MONTHS ENDED

 
  

SEPTEMBER 30,

 
  

2004

  

2003

 
       

NET REVENUES:

      

   CONTINUING OPERATIONS

$

8,149,209

  

7,837,651

 

   

      

NET EARNINGS FROM:

      

   CONTINUING OPERATIONS

 

901,488

  

781,306

 

   NET GAINS (LOSS) ON DISPOSAL OF ASSETS

 

424,250

  

670,046

 

   NET INCOME RELATED TO RE-SOLVE

     SETTLEMENT

 


-

  


955,000

 

          TOTAL NET EARNINGS FROM

              CONTINUING OPERATIONS

 


1,325,738

  


2,406,352

 
       

NET INCOME FROM:

      

   DISCONTINUED OPEATIONS

 

38,086

  

37,642

 

   GAIN ON SALE OF ASSETS

 

1,542,852

  

-

 

          TOTAL NET EARNINGS FROM

              DISCONTINUED OPERATIONS

 


1,580,938

  


37,642

 
       

          TOTAL NET EARNINGS

$

2,906,676

  

2,443,994

 
       
       

EARNINGS PER COMMON SHARE:

      

   CONTINUING OPERATIONS

$

0.89

  

0.78

 

   NET GAIN (LOSS) ON DISPOSAL OF ASSETS

 

0.42

  

0.66

 

   INCOME RELATED TO RE-SOLVE

     SETTLEMENT

 


-

  


0.95

 

   INCOME FROM DISCONTINUED OPERATIONS

 

1.57

  

0.04

 
       

          TOTAL EARNINGS PER COMMON SHARE

$

2.88

  

2.43

 
       

AVERAGE NUMBER OF SHARES OUTSTANDING

 

1,006,678

  

1,004,670

 
       










The following information was filed by Vulcan International Corp (VULC) on Monday, November 1, 2004 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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