Eviation Aircraft Ltd. (fka EVTNF)

[midastouch017]

BVR Systems (1998) Ltd. Reports First Quarter 2007 Results
Tuesday May 29, 2:01 am ET

ROSH HA'AYIN, Israel, May 29 /PRNewswire-FirstCall/ -- BVR Systems (1998) Ltd. (OTCBB: BVRSF.OB - News), a diversified world leader in advanced military training and simulation systems, today announced a net profit of $23 thousand or $0.00 per share for the first quarter of 2007, compared with a net loss of $294 thousand, or $0.00 per share for the first quarter of 2006.

Revenues for the first quarter of 2007 were $4.1 million, compared with revenues of $2.3 million for the first quarter of 2006, which amounts to a 78% growth.

Gross profits for the first quarter of 2007 were $1.4 million, compared with gross profits of $0.7 million for the first quarter of the previous year, which amounts to a 100% growth.

Operating profit for the first quarter of 2007 was $25 thousand, compared with operating loss of $268 thousand for the same period last year.

BVR's order backlog at the end of first quarter of 2007 was approximately $21.3 million compared to an order backlog of $13.6 million for the same period last year, which amounts to a 56% growth.

BVR Systems (1998) Ltd., (OTCBB: BVRSF.OB - News) is a diversified world leader in advanced defense training and simulation systems. For more information, visit the Company's web site at http://www.bvrsystems.com.

http://biz.yahoo.com/prnews/070529/ukm004.html?.v=101