Butler National Corp (BUKS)

[Bobwins]

added a few more buks this week. Buks is an oddball mix of businesses but good mgmt seems to be the key.

Going to be a few months before we find out how much impact the lower expenses for the slot machines has. Certainly if they post .04eps/qtr, stock should double +.

[Rawnoc]

Butler National Awarded Contract With One of the Largest Aerial Mapping Firms In
South America

OLATHE, Kan., May 5, 2011 /PRNewswire via COMTEX/ -- Butler National Corporation
(otcqb:BUKS - News), a leader in the growing global market for structural
modification, maintenance, repair and overhaul (MRO) has contracted with Horizons
South America S.A.C. to install provisions for advanced aerial cameras & sensors
in its fleet of aircraft.

The new installation will allow the Horizons fleet to deliver dual sensor data
acquisition technology for mining and oil companies in Colombia and Peru.

Alejandro Talavera, CEO of Horizons South America S.A.C. said, "The aerial data
required to meet simultaneous acquisitions under the same weather conditions for
environmental studies is very rigorous. Butler National's sophisticated dual
camera STC package allows us to meet these criteria."

Craig Stewart, President of Butler's Aerospace Division, added, "We continue to
focus on international business as a key growth driver for the Company. This
installation builds on our existing relationship with Horizons that includes a
dual camera provision on its turboprop twin-engine aircraft. We are the only
aerospace company in the world that holds the FAA Supplemental Type Certificate
(STC) for this type of modification. Today, we hold more than 250 STCs which are
a significant barrier to entry in the MRO industry."

Butler National's presence in South America is one of many international projects
underway as the company continues to strengthen its leadership in the global MRO
marketplace.
Butler National Corporation 26 International Markets Served in the Last Five Years
NumberCountryContinent
1AlgeriaAfrica
2AustraliaAustralia
3BoliviaSouth America
4BrazilSouth America
5Burkina FasoAfrica
6CanadaNorth America
7ChileSouth America
8ColumbiaSouth America
9DenmarkEurope
10FranceEurope
11GermanyEurope
12IcelandEurope
13IndiaAsia
14IndonesiaAsia
15IsraelAsia
16ItalyEurope
17KazakhstanAsia
18MalaysiaAsia
19MexicoNorth America
20Republic of ChinaAsia
21Republic of South AfricaAfrica
22Saudi ArabiaAsia
23SpainEurope
24SwedenEurope
25UkraineEurope
26United KingdomEurope


GROWTH IN REVENUES AND SHARE PRICE

Butler National Corporation share price increased 39% in 2010. For the most
recent fiscal year, the Company achieved revenue growth of 80.1% and was:

5th fastest-growing publicly traded Aerospace & Defense company including 115
companies with combined revenues of $443 billion

10th fastest-growing publicly traded company in the Midwest including 923
publicly traded companies with combined revenues of $2.7 trillion

The fastest-growing publicly traded company in Kansas including 28 companies with
combined revenues of $61 billion

Our Business:

Butler National Corporation operates in the Aerospace and Services business
segments. The Aerospace segment focuses on the manufacturing of support systems
for "Classic" commercial and military aircraft including the Butler National TSD
for the Boeing 737 and 747 Classic aircraft, switching equipment for Boeing
McDonnell Douglas Aircraft, weapon control systems for Boeing Helicopter and
performance enhancement structural modifications for Learjet, Cessna, Dassault
and Beechcraft business aircraft. Services include electronic monitoring of water
pumping stations, temporary employee services, gaming services and administrative
management services.

Forward-Looking Information:

The information set forth above includes "forward-looking statements" as outlined
in the Private Securities Litigation Reform Act of 1995 and Section 21E of the
Securities Exchange Act of 1934. Words such as "anticipate," "estimate,"
"expect," "project," "intend," "may," "plan," "predict," "believe," "should" and
similar words or expressions are intended to identify forward-looking statements.
Investors should not place undue reliance on forward-looking statements, and the
Company undertakes no obligation to publicly update or revise any forward-looking
statements. All forward-looking statements reflect the present expectation of
future events of our management and are subject to a number of important factors,
risks, uncertainties and assumptions that could cause actual results to differ
materially from those described in the forward-looking statements. These factors
and risks include, but are not limited to the Cautionary Statements and Risk
Factors, filed as Exhibit 99 and Section 1A to the Company's Annual Report on
Form 10-K, incorporated herein by reference. Investors are specifically referred
to such Cautionary Statements and Risk Factors for discussion of factors, which
could affect the Company's operations, and forward-looking statements contained
herein.
FOR MORE INFORMATION CONTACT:
Reign Strategy & Investment GroupPh [phone]
Lou Albert Rodriguez
[e-mail]
http://www.reigninvestment.com
Jim Drewitz, Public RelationsPh [phone]
[e-mail]
Butler National Corporation Investor RelationsPh [phone]
WEB:
Please review http://www.butlernational.com for pictures of our products and details about Butler National Corporation and its subsidiaries.


SOURCE Butler National Corporation

Copyright (C) 2011 PR Newswire. All rights reserved

[MikeDDKing]

BUKS volume is already over 2x the average daily volume. I think the coming quarter is going to show some very nice results.

[Rawnoc]

BUKS is part of The SwingTrade Portfolio which is up 38.2% YTD and 148.4% since October 1, 2009 inception.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=62605868

[Bobwins]

buks.pk new52wkhi +.04 to $.62

FYE 4/30/11 so next financials will be end of July.

[Bobwins]

ok, couldn't resist adding some more at .55. Now I'm really done. Just waiting for Buks to surprise me with big slot revs and low slot expenses and for aircraft mods to continue their hot streak. Not asking for much! May have to wait till end of summer to really find out how things are going.

Bobwins

[MikeDDKing]

Butler National Names Craig Stewart President of Aerospace Group
Responsibilities will be expanded to include mergers & acquisitions and other global strategic initiatives
On Tuesday April 5, 2011, 9:25 am

OLATHE, Kan., April 5, 2011 /PRNewswire/ -- Butler National Corporation (OTCQB: BUKS), a leader in the growing global market for structural modification, maintenance, repair and overhaul (MRO) announced the promotion of Craig Stewart to the position of President, Aerospace. Craig Stewart will expand his current responsibilities to incorporate mergers & acquisitions and other global strategic initiatives.

"Since joining the Company in 2003, Craig has improved our processes, expanded our capabilities, increased profit margins, and helped double the size of our Aerospace and Aircraft Modification group. As emerging markets continue their fast-paced growth, there is a major opportunity to enter new markets as well as expand through mergers & acquisitions. Craig fully understands the dynamics of the segment and will bring new energy to our mergers & acquisitions program," stated Clark D. Stewart, president of Butler National.

Prior to joining Butler National, Craig spent seven years with Accenture, one of the world's largest management consulting and technology services organizations. He graduated from the University of Kansas with a bachelor's degree in business administration and a master's degree in accounting and information systems. Craig is also an accomplished pilot with a Learjet type rating and understands the business from a corporate business aviation perspective.

Craig Stewart commented, "Butler National is positioned to take advantage of the expected $3.2 trillion growth in the aerospace market. We are among the fastest growing companies in the Aerospace industry and are positioned to add to that growth through both organic growth and mergers & acquisitions."

For the fiscal quarter-ended January 31, 2011, Butler National increased revenues 44% to $12.9 million as compared to $8.9 million for the same period in fiscal 2010. Net income was $867,000 compared to net income of $642,000 for the same period in fiscal 2010. The increase in net income was primarily due to continued success in the Aircraft Modification Segment.

Butler National Corporation – About Us

Butler National Corporation operates in the Aerospace and Services business segments. The Aerospace segment focuses on the manufacturing of support systems for "Classic" commercial and military aircraft including the Butler National TSD for the Boeing 737 and 747 Classic aircraft, switching equipment for Boeing McDonnell Douglas Aircraft, weapon control systems for Boeing Helicopter and performance enhancement structural modifications for Learjet, Cessna, Dassault and Beechcraft business aircraft. Services include electronic monitoring of water pumping stations, temporary employee services, gaming services and administrative management services. For more information, visit www.butlernational.com.

Forward-Looking Information:

The information set forth above includes "forward-looking statements" as outlined in the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934. Words such as "anticipate," "estimate," "expect," "project," "intend," "may," "plan," "predict," "believe," "should" and similar words or expressions are intended to identify forward-looking statements. Investors should not place undue reliance on forward-looking statements, and the Company undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements reflect the present expectation of future events of our management and are subject to a number of important factors, risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements. These factors and risks include, but are not limited to the Cautionary Statements and Risk Factors, filed as Exhibit 99 and Section 1A to the Company's Annual Report on Form 10-K, incorporated herein by reference. Investors are specifically referred to such Cautionary Statements and Risk Factors for discussion of factors, which could affect the Company's operations, and forward-looking statements contained herein.

FOR MORE INFORMATION, CONTACT:



Reign Strategy & Investment Group


Ph [phone]


Lou Albert Rodriguez



[e-mail]



www.reigninvestment.com






Jim Drewitz, Public Relations


Ph [phone]


[e-mail]





Please review www.butlernational.com for pictures of our products and details about Butler National Corporation and its subsidiaries.

[Bobwins]

I wish there was more liquidity. I didn't have the guts to buy more because it was trading so lightly. I hope it takes off but I will have regrets along the way! LOL!

Thanks for the reminder about BUKS. Every stock has a time and this could be the perfect time for BUKS.

Bobwins

[MikeDDKing]

BUKS is up $0.036 to $0.58!

[MikeDDKing]

Looking good!

[Bobwins]

Buks is starting to slowly creep up. Not many trades at the bid, mostly hits on the ask.

Can't wait till P&L shows increased cashflow.

[MikeDDKing]

The BUKS backlog is also up sequentially from $10.6M to $11.8M. BUKS is a table pounder!

[MikeDDKing]

Here is a link to the BUKS 10-Q:

http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=7797251-904-93507&type=sect&TabIndex=2&companyid=1114&ppu=%252fdefault.aspx%253fcik%253d15847

[MikeDDKing]

The BUKS earnings report is in with diluted EPS of $0.015/share!!!!

[MikeDDKing]

The BUKS earnings announcement PR today contains some interesting language I don't recall ever seeing in an earnings announcement PR. They are trumpeting their past growth and talking about growth measures they will discuss in the call. Hmmmm.

[MikeDDKing]

Butler National Corporation Third Quarter Fiscal 2011 Investor Conference Call Scheduled March 17, 2011
Fifth Fastest-Growing Aerospace & Defense Company For Most Recent Trailing Twelve Months To Discuss Results and Outlook for Fiscal 2011
On Monday March 14, 2011, 5:00 pm

OLATHE, Kan., March 14, 2011 /PRNewswire/ -- Butler National Corporation (OTC QB: BUKS), a leading manufacturer and provider of support systems for commercial and military aircraft and a recognized provider of management services in diverse business groups announces a conference call to release financial results for the third quarter of fiscal 2011 for the period ended January 31, 2011.

What: Butler National Corporation Third Quarter Fiscal 2011 Financial Results Conference Call

When: March 17, 2011–10:00 AM Central Daylight Time

How: Live via phone by dialing 800-624-7038. Code: Butler National Corporation. Participants to the conference call should call in at least 5 minutes prior to the start time.

This announcement follows the December 14, 2010 release of second quarter fiscal 2011 financial results for the company. The Company reported a 150% increase in revenues in second quarter fiscal 2011. This builds on the success of fiscal 2010, the most successful year in the history of Butler National Corporation. The company set new highs in both sales and profitability. Revenues for fiscal 2010 increased 80.1% over fiscal 2009.

The Fifth Fastest-Growing Publicly Traded Aerospace & Defense Company

For the most recent trailing twelve months reported, Butler National Corporation was the fifth fastest growing publicly traded company among all Aerospace & Defense Companies. Butler National Corporation reported 120.9% revenue growth for most recent trailing twelve months. According to outside data and company financial statements, there are 115 publicly traded Aerospace & Defense companies. These companies include some of the largest and most prestigious Defense contractors in the world. These companies generate combined revenues of $443 billion and combined market capitalization of $419 billion.

(For source data charts and analysis, please see contacts below).

Results for Third Quarter Fiscal 2011

Clark Stewart, President & CEO, Butler National Corporation, will be leading the call scheduled for March 17, discussing results of the third quarter, the status of new and existing orders, an outlook for the balance of fiscal 2011, and an overview of the key drivers of growth. This includes international growth from the aerospace segment generated from structural modification, maintenance, repair and overhaul (MRO).The conference call will cover key metrics for the company as the company continues to generate dramatic growth.

Butler National Corporation – About Us

Butler National Corporation operates in the Aerospace and Services business segments. The Aerospace segment focuses on the manufacturing of support systems for "Classic" commercial and military aircraft including the Butler National TSD for the Boeing 737 and 747 Classic aircraft, switching equipment for Boeing McDonnell Douglas Aircraft, weapon control systems for Boeing Helicopter and performance enhancement structural modifications for Learjet, Cessna, Dassault and Beechcraft business aircraft. Services include electronic monitoring of water pumping stations, temporary employee services, gaming services and administrative management services. For more information, visit www.butlernational.com.

Forward-Looking Information:

The information set forth above includes "forward-looking statements" as outlined in the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934. Words such as "anticipate," "estimate," "expect," "project," "intend," "may," "plan," "predict," "believe," "should" and similar words or expressions are intended to identify forward-looking statements. Investors should not place undue reliance on forward-looking statements, and the Company undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements reflect the present expectation of future events of our management and are subject to a number of important factors, risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements. These factors and risks include, but are not limited to the Cautionary Statements and Risk Factors, filed as Exhibit 99 and Section 1A to the Company's Annual Report on Form 10-K, incorporated herein by reference. Investors are specifically referred to such Cautionary Statements and Risk Factors for discussion of factors, which could affect the Company's operations, and forward-looking statements contained herein.

FOR MORE INFORMATION, CONTACT:






Reign Strategy & Investment Group


Ph [phone]


Lou Albert Rodriguez



[e-mail]



www.reigninvestment.com






Jim Drewitz, Public Relations


Ph [phone]


[e-mail]






Butler National Investor Relations


Ph [phone]




Please review www.butlernational.com for pictures of our products and details about Butler National Corporation and its subsidiaries.

[MikeDDKing]

Yes, you are correct that the slot machine expenses are drastically reduced but not eliminated. I thought they said 25% annual replacement but perhaps I heard wrong. Also, I think the replacement rate initially might be lower than the nominal rate given that the machines will have only been in service for 18 months. I've seen a few different sets of numbers floating around regarding the savings but they are all in the same ballpark as yours. In any case it is going to be a huge increase in earnings starting in the July quarter.

[Bobwins]

Thanks for the headsup on Buks. I remember looking at it in the past. CEO seems very matter of fact and practical. The airline industry may hit a rough spot with rising oil prices but the casino should do ok. The expiration of the initial slot machine purchases should boost cashflow dramatically.

The conference call indicates that they still have to introduce new machines to keep up with the trends in the industry and keep customers interested. Said 15 to 20% annual replacement, depending on the location. So I don't think they are going to get the full benefit of the expense expiration. Probably more like 1.6 to 1.7million extra per qtr instead of 2 million. But that's still a huge boost to the bottom line.

Spreads are wide and volume is low so will try to be patient since the positive event won't show up in the financials for several months. No luck Friday but will see if I can snag some shares to hold. Bobwins

[MikeDDKing]

Butler National Corporation Announces Fiscal Year 2010 Annual Shareholder Meeting
On Wednesday March 2, 2011, 12:08 pm EST

OLATHE, Kan., March 2, 2011 /PRNewswire/ -- Butler National Corporation (OTCQB: BUKS), a leader in the growing global market for structural modification, maintenance, repair and overhaul (MRO) and a recognized provider of management services in diverse business groups announces it will hold its fiscal year 2010 Annual Shareholder Meeting on Tuesday, March 8, 2011 at 11:00AM Central Time. The meeting will be held at the Olathe Holiday Inn located at 101 W 151st Street in Olathe, Kansas. The Company will present its financial results and business highlights for fiscal year 2010 and will outline the Company's outlook for 2011 and beyond.

Clark Stewart, President and CEO of Butler National said, "We welcome all shareholders to attend the annual meeting to review with us our fiscal year 2010 financial results and discuss our long term growth goals particularly as we continue to set milestones in our rapidly expanding global MRO business."

Our Business:

Butler National Corporation operates in the Aerospace and Services business segments. The Aerospace segment focuses on the manufacturing of support systems for "Classic" commercial and military aircraft including the Butler National TSD for the Boeing 737 and 747 Classic aircraft, switching equipment for Boeing McDonnell Douglas Aircraft, weapon control systems for Boeing Helicopter and performance enhancement structural modifications for Learjet, Cessna, Dassault and Beechcraft business aircraft. Services include electronic monitoring of water pumping stations, temporary employee services, gaming services and administrative management services.

Forward-Looking Information:

The information set forth above includes "forward-looking statements" as outlined in the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934. Words such as "anticipate," "estimate," "expect," "project," "intend," "may," "plan," "predict," "believe," "should" and similar words or expressions are intended to identify forward-looking statements. Investors should not place undue reliance on forward-looking statements, and the Company undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements reflect the present expectation of future events of our management and are subject to a number of important factors, risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements. These factors and risks include, but are not limited to the Cautionary Statements and Risk Factors, filed as Exhibit 99 and Section 1A to the Company's Annual Report on Form 10-K, incorporated herein by reference. Investors are specifically referred to such Cautionary Statements and Risk Factors for discussion of factors, which could affect the Company's operations, and forward-looking statements contained herein.

FOR MORE INFORMATION CONTACT:

Reign Strategy & Investment Group


Ph [phone]


Lou Albert Rodriguez



[e-mail]



www.reigninvestment.com






Jim Drewitz, Public Relations


Ph [phone]


[e-mail]






Butler National Corporation Investor Relations


Ph [phone]




THE WORLDWIDE WEB:

Please review www.butlernational.com for pictures of our products and details about Butler National Corporation and its subsidiaries.

[MikeDDKing]

Butler National Corporation Moves to OTC Link Platform, Electronic OTC Marketplace for Broker-Dealers
On Wednesday March 2, 2011, 10:40 am EST

OLATHE, Kan., March 2, 2011 /PRNewswire/ -- Butler National Corporation (OTCQB: BUKS), a leader in the growing global market for structural modification, maintenance, repair and overhaul (MRO) and a recognized provider of management services in diverse business groups announced its shares are now being exclusively quoted on OTC Markets Group's OTC Link™ platform.

This change was not caused by any action or inaction by Butler National, which continues to be in full compliance with all of its U.S. Securities and Exchange Commission (SEC) reporting requirements. OTC Link is the world's largest interdealer quotation system for broker-dealers to quote unlisted stocks. The platform supports an open network of competing broker-dealers that provide investors with the best prices in more than 10,000 OTC securities. In 2010 alone, securities on OTC Link traded over $144 billion in dollar volume, making it the third largest U.S. equity trading venue after NASDAQ and the New York Stock Exchange.

According to otcmarkets.com, in the past 30 calendar days, there have been 837 publicly traded companies that have moved from being dually quoted (OTCBB and OTC Link) to being quoted exclusively on the OTC Link platform. As of the end of last week, priced quotes published on OTC Link made up 95% of priced quotes in the OTC marketplace. This movement shows brokers' continued support of the electronic OTC Link system, as they migrate to quote exclusively on this platform. During the transition, some financial Web sites may report Butler National under the symbol (BUKS.PK).

There are three tiers in the OTC Marketplace. The first tier is OTCQX, the quality-controlled marketplace for companies that meet certain financial standards. The second tier is OTCQB, the U.S. reporting marketplace tier where Butler National currently trades. Companies within this tier are current in their reporting requirements with the SEC. The third tier is designated OTC Pink, which is the market for speculative trading.

Clark D. Stewart, CEO of Butler National commented, "We are already Sarbanes-Oxley compliant and look at this move as a natural progression to our ultimate objective which is to be listed on a major exchange."

Our Business:

Butler National Corporation operates in the Aerospace and Services business segments. The Aerospace segment focuses on the manufacturing of support systems for "Classic" commercial and military aircraft including the Butler National TSD for the Boeing 737 and 747 Classic aircraft, switching equipment for Boeing McDonnell Douglas Aircraft, weapon control systems for Boeing Helicopter and performance enhancement structural modifications for Learjet, Cessna, Dassault and Beechcraft business aircraft. Services include electronic monitoring of water pumping stations, temporary employee services, gaming services and administrative management services.

About OTC Markets Group, Inc.

OTC Markets Group Inc. (OTCQX: OTCM) operates the world's largest electronic marketplace for broker-dealers to trade unlisted stocks. OTC Link platform supports an open network of competing broker-dealers that provide investors with the best prices in over 10,000 OTC securities. In 2010, securities on OTC Link traded over $144 billion in dollar volume, making it the third largest U.S. equity-trading venue, after NASDAQ and the NYSE. OTC Markets Group, Inc. categorizes the wide spectrum of OTC-traded companies into three tiers - OTCQX (the quality-controlled marketplace for investor friendly companies), OTCQB (the U.S. reporting company marketplace for development stage companies), and OTC Pink (the speculative trading marketplace) - so investors can identify the level and quality of information companies provide. To learn more about how OTC Markets Group, Inc. makes the unlisted markets more transparent, informed and efficient, visit www.otcmarkets.com.

Forward-Looking Information:

The information set forth above includes "forward-looking statements" as outlined in the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934. Words such as "anticipate," "estimate," "expect," "project," "intend," "may," "plan," "predict," "believe," "should" and similar words or expressions are intended to identify forward-looking statements. Investors should not place undue reliance on forward-looking statements, and the Company undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements reflect the present expectation of future events of our management and are subject to a number of important factors, risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements. These factors and risks include, but are not limited to the Cautionary Statements and Risk Factors, filed as Exhibit 99 and Section 1A to the Company's Annual Report on Form 10-K, incorporated herein by reference. Investors are specifically referred to such Cautionary Statements and Risk Factors for discussion of factors, which could affect the Company's operations, and forward-looking statements contained herein.

FOR MORE INFORMATION CONTACT:






Reign Strategy & Investment Group


Ph [phone]


Lou Albert Rodriguez



[e-mail]



www.reigninvestment.com






Jim Drewitz, Public Relations


Ph [phone]


[e-mail]






Butler National Corporation Investor Relations


Ph [phone]




WEB:

Please review www.butlernational.com for pictures of our products and details about Butler National Corporation and its subsidiaries.

[MikeDDKing]

Butler National Corporation Announces Completion of the Company's First R/X Modification Project in The Republic of South Africa
On Wednesday February 23, 2011, 11:25 am EST

OLATHE, Kan., Feb. 23, 2011 /PRNewswire/ -- Butler National Corporation (OTC Bulletin Board:BUKS.ob - News), a leader in the growing global market for structural modification, maintenance, repair and overhaul (MRO) announced the completion of the company's first R/X (range extension) Modification project in The Republic of South Africa.

The Lear 36 R/X modification was performed for Cape Chamonix Wine Farms, located in South Africa's world-renowned Franschhoek wine-growing region. Butler National, through its wholly-owned subsidiary, Avcon Industries, Inc., is the exclusive provider of this modification for the Lear Jet 30 Series Aircraft.

"We are the only aerospace company in the world that holds the FAA Supplemental Type Certificate (STC) for this modification. This was our 100th installation globally and we estimate the international market to be in excess of 500 Lear 30 Series business jets," stated Butler National President and CEO Clark D. Stewart.

Chris Hellinger, CEO of Cape Chamonix Wine Farms added, "Butler's innovative engineering and design expertise is unsurpassed in the business jet market. For this kind of advanced and technical installation, Butler National is the first and only choice. This modification allows me to fly farther, with fewer fuel stops, to destinations throughout the world."

Butler National's new presence in South Africa is one of many international projects underway as the company becomes a growing new leader in the global MRO marketplace. South Africa becomes the 26th international market for Butler National over the past five years.





Butler National Corporation
26 International Markets Served in the Last Five Years


Number
1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26



Country
Algeria

Australia

Bolivia

Brazil

Burkina Faso

Canada

Chile

Columbia

Denmark

France

Germany

Iceland

India

Indonesia

Israel

Italy

Kazakhstan

Malaysia

Mexico

Republic of China

Republic of South Africa

Saudi Arabia

Spain

Sweden

Ukraine

United Kingdom


Continent
Africa

Australia

South America

South America

Africa

North America

South America

South America

Europe

Europe

Europe

Europe

Asia

Asia

Asia

Europe

Asia

Asia

North America

Asia

Africa

Asia

Europe

Europe

Europe

Europe






GROWTH IN REVENUES AND SHARE PRICE

Butler National Corporation share price increased 39% in 2010. For the most recent fiscal year, the Company achieved revenue growth of 80.1% and was:

* 5th fastest-growing publicly traded Aerospace & Defense company including 115 companies with combined revenues of $443 billion


* 10th fastest-growing publicly traded company in the Midwest including 923 publicly traded companies with combined revenues of $2.7 trillion


* The fastest-growing publicly traded company in Kansas including 28 companies with combined revenues of $61 billion


Our Business:

Butler National Corporation operates in the Aerospace and Services business segments. The Aerospace segment focuses on the manufacturing of support systems for "Classic" commercial and military aircraft including the Butler National TSD for the Boeing 737 and 747 Classic aircraft, switching equipment for Boeing McDonnell Douglas Aircraft, weapon control systems for Boeing Helicopter and performance enhancement structural modifications for Learjet, Cessna, Dassault and Beechcraft business aircraft. Services include electronic monitoring of water pumping stations, temporary employee services, gaming services and administrative management services.

Forward-Looking Information:

The information set forth above includes "forward-looking statements" as outlined in the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934. Words such as "anticipate," "estimate," "expect," "project," "intend," "may," "plan," "predict," "believe," "should" and similar words or expressions are intended to identify forward-looking statements. Investors should not place undue reliance on forward-looking statements, and the Company undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements reflect the present expectation of future events of our management and are subject to a number of important factors, risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements. These factors and risks include, but are not limited to the Cautionary Statements and Risk Factors, filed as Exhibit 99 and Section 1A to the Company's Annual Report on Form 10-K, incorporated herein by reference. Investors are specifically referred to such Cautionary Statements and Risk Factors for discussion of factors, which could affect the Company's operations, and forward-looking statements contained herein.

FOR MORE INFORMATION CONTACT:






Reign Strategy & Investment Group


Ph [phone]


Lou Albert Rodriguez



[e-mail]



www.reigninvestment.com






Jim Drewitz, Public Relations


Ph [phone]


[e-mail]






Butler National Corporation Investor Relations


Ph [phone]




THE WORLDWIDE WEB:

Please review www.butlernational.com for pictures of our products and details about Butler National Corporation and its subsidiaries.

[MikeDDKing]

Butler National Expands Presence in Brazil With Significant New Orders From OceanAir
On Tuesday February 15, 2011, 1:38 pm EST

OLATHE, Kan., Feb. 15, 2011 /PRNewswire/ -- Butler National Corporation (OTC Bulletin Board:BUKS.ob - News), a leader in the growing global market for structural modification, maintenance, repair and overhaul (MRO) has been retained by OceanAir, a Brazilian MRO company, to perform special mission modifications on three Learjet Model 35 airplanes. OceanAir is part of Synergy Group.

"This is a highly specialized modification and electronics integration package," said Jose Efromovich. "We would only entrust such technically sophisticated work to Butler's Avcon Group. We have been working with Butler for three years and look forward to our continued relationship as we keep expanding in the rapidly growing Latin American market."

Christian Vila, Director of Latin & South American sales for Butler National added, "Avcon is the leading provider of Learjet modifications in Brazil. We believe we will see strong demand for this and other Avcon modifications in the future including commercial aircraft." Synergy Group, which is the parent company of OceanAir, also owns 67% of AviancaTaca with approximately 150 aircraft.

Butler National's expanded presence in Brazil continues its effort to leverage a major global growth trend in aviation. According to recently published reports the global deliveries of new aircraft are projected to total 56,900 by 2029 and the total global fleet will approach 70,000 for commercial and business aircraft. This represents more than $3 trillion in value with most of the growth coming from Latin American, Asia and the Middle East.

GROWTH IN INTERNATIONAL MARKETS AND THE AEROSPACE & DEFENSE INDUSTRY

"Our plan is to aggressively increase our footprint in international markets including Latin America. We are currently working with customers and installation centers in Argentina, Bolivia, Chile, Colombia, Mexico, as well as Brazil. That's where the growth is and that's where we'll be," concluded Butler's Vila.

For the most recent fiscal year, the Company achieved revenue growth of 80.1% and was:

* 5th fastest-growing publicly traded Aerospace & Defense company including 115 companies with combined revenues of $443 billion
* 10th fastest-growing publicly traded company in the Midwest including 923 publicly traded companies with combined revenues of $2.7 trillion
* The fastest-growing publicly traded company in Kansas including 28 companies with combined revenues of $61 billion


Our Business:

Butler National Corporation operates in the Aerospace and Services business segments. The Aerospace segment focuses on the manufacturing of support systems for "Classic" commercial and military aircraft including the Butler National TSD for the Boeing 737 and 747 Classic aircraft, switching equipment for Boeing McDonnell Douglas Aircraft, weapon control systems for Boeing Helicopter and performance enhancement structural modifications for Learjet, Cessna, Dassault and Beechcraft business aircraft. Services include electronic monitoring of water pumping stations, temporary employee services, gaming services and administrative management services.

Forward-Looking Information:

The information set forth above includes "forward-looking statements" as outlined in the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934. Words such as "anticipate," "estimate," "expect," "project," "intend," "may," "plan," "predict," "believe," "should" and similar words or expressions are intended to identify forward-looking statements. Investors should not place undue reliance on forward-looking statements, and the Company undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements reflect the present expectation of future events of our management and are subject to a number of important factors, risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements. These factors and risks include, but are not limited to the Cautionary Statements and Risk Factors, filed as Exhibit 99 and Section 1A to the Company's Annual Report on Form 10-K, incorporated herein by reference. Investors are specifically referred to such Cautionary Statements and Risk Factors for discussion of factors, which could affect the Company's operations, and forward-looking statements contained herein.

FOR MORE INFORMATION CONTACT:






Humanity Worldwide Capital Group


Ph [phone]


Lou Albert Rodriguez



[e-mail]



www.humanityworldwide.com






Jim Drewitz, Public Relations


Ph [phone]


[e-mail]






Butler National Corporation Investor Relations


Ph [phone]




THE WORLDWIDE WEB:

Please review www.butlernational.com for pictures of our products and details about Butler National Corporation and its subsidiaries.

[MikeDDKing]

Butler National Corporation Announces Second Quarter and Six Months Fiscal Year 2011 Financial Results and Conference Call
Revenue Increases 150% To $11.0 Million Versus $4.4 Million In Second Quarter
On Tuesday December 14, 2010, 4:38 pm EST

OLATHE, Kan., Dec. 14, 2010 /PRNewswire-FirstCall/ -- Butler National Corporation (OTC Bulletin Board:BUKS.ob - News), a leader in the growing global market for aircraft structural modification, maintenance, repair and overhaul (MRO), a provider of support systems for "Classic" commercial and military aircraft and a recognized provider of management services in diverse business groups, announces its financial results for the second quarter and six months of fiscal 2011 ended October 31, 2010.

In conjunction with the release, the Company has scheduled a conference call Wednesday, December 15, 2010 at 9:00 AM Central Standard Time.

What: Butler National Corporation Second Quarter Fiscal 2011 Financial Results Conference Call

When: Wednesday, December 15, 2010 - 9:00 AM Central Standard Time

How: Live via phone by dialing 800-624-7038. Code: Butler National Corporation. Participants to the conference call should call in at least 5 minutes prior to the start time.

Clark D. Stewart, President & CEO, Butler National Corporation., will be leading the call and discussing the results of operations for the second quarter, the status of new and existing orders, acquisition activities, management services and provide observations on the outlook for the balance of fiscal 2011.

Historical selected financial data related to all operations:

See the table in the following link: http://finance.yahoo.com/news/Butler-National-Corporation-prnews-1832154082.html?x=0&.v=1

Management Comments

"Second quarter 2011 was another successful quarter for Butler National Corporation. We believe all of our business segments are positioned to recover with the economic upturn and focused on growth in shareholder value.

Our revenue for the fiscal quarter-ended October 31, 2010, increased 150% to $11.1 million as compared to $4.4 million for the same period in fiscal 2010. We had net income for the second quarter of $473,000 compared with net income of $19,000 for the same period in fiscal 2010. The increase in net income was primarily due to completion of customer airplane projects in the Aircraft Modification Segment. This segment includes complex structural modification of business aircraft that drive premium projects that may provide strong gross margins. We continue our efforts to improve our market share through and grow the business in the United States and in global markets and to further improve profitability in the delivery of high-value "Classic Aviation" products.

During the three months ended October 31, 2010, we invested approximately $399,000 toward the development and acquisition of new products. We feel this expenditure for the design and development engineering, testing, and certification of new products may stabilize our long-term revenues and enhance our profits.

We continue to move confidently throughout fiscal year 2011, planning to build on our success. We believe we are well positioned for the future as we focus on serving the needs of our customers and enhancing shareholder value," commented Clark D. Stewart, President of the Company.

5th Fastest Growing Aerospace & Defense Company

And 11th Best Share Price Performing Aerospace & Defense Company

Butler National Corporation continues to thrive in the Aerospace & Defense Industry. As detailed in our press release of December 9, 2010, Butler National Corporation was the:

* 5th fastest-growing publicly traded Aerospace & Defense Company. This includes 115 publicly-traded companies with combined revenues of $443 billion.
* 11th best performing company among Aerospace & Defense Companies. This includes the 115 companies listed above with combined annual revenues of $443 billion.


We continue to move confidently throughout fiscal year 2011 to build on this success.

Business Segment Highlights

Aircraft Modifications:

Revenue from Aircraft Modifications segment for the three months ended October 31, 2010, was $3.8 million, an increase of 61% from the three months ended October 31, 2009 with revenue of $2.4 million. The modifications segment had an operating profit of $1.2 million in the three months ended October 31, 2010 compared with an operating loss of $14,000 in the three months ended October 31, 2009. The increase in operating profit was related to the delivery of two completed airplanes to our customers and the arrival of two additional customer airplanes for major modifications.

During the past few years we have seen a significant increase in aircraft complex structural modification including the addition of aircraft cameras and related premium special mission modifications. As the economy recovers and begins to grow we expect the airlines to become less convenient for business travelers stimulating current and new airplane owners to enter the Classic Aviation market to update, modify, and purchase business aircraft. This shift to increase business airplane ownership may positively impact our performance enhancement and utility improvement aircraft modification revenues.

Avionics:

Revenue from Avionics for the three months ended October 31, 2010, was $943,000, a decrease of 19% from the three months ended October 31, 2009 with revenue of $1.2 million. The avionics segment had an operating profit of $42,000 in the three months ended October 31, 2010, compared with an operating profit of $141,000 for the three months ended October 31, 2009. The decrease in operating profit is directly related to the decrease in revenue. In addition to government budgets, timing of events and mission requirements, many economic and political uncertainties can impact the fluctuations and growth of the avionics product line.

Monitoring Services:

Revenue in the Monitoring Services Segment increased from $373,000 for the three months ended October 31, 2009, to $385,000 for the three months ended October 31, 2010. During the three months ended October 31, 2010, we maintained a relatively level volume of long-term contracts with municipalities. We anticipate increases in revenue from additional lift station rehabilitations over the next three to four years. Revenue fluctuates due to the introduction of new products and services and the related installations of these new or enhanced products. Our contracts with our two largest customers have been renewed through fiscal year 2011. Monitoring Services operating profit was $66,000 in for the three months ended October 31, 2010, compared to a profit of $54,000 for the three months ended October 31, 2009, an increase of 22%. We believe this service business segment has experienced revenue stability over the past few years and we expect this to continue.

Corporate/Professional Services Including Gaming Operations:

Services in this segment include the architectural services of BCS Design, Inc., activities related to gaming and other real estate development, administrative management services, and engineering consulting services.

Revenues consisting of architectural services and revenues related to completed construction projects were $138,000 for the three months ended October 31, 2009 and none for the three months ended October 31, 2010. Projects related to architectural services decreased $258,000 for the three months to revenues of $167,000 at October 31, 2010. The reduced revenue resulted in an operating loss of $44,000 for the three months ended October 31, 2010, compared to a profit of $115,000 for the three months ended October 31, 2009.

Revenues related to gaming and other real estate development for the three months ended October 31, 2010, were $499,000 compared to $313,000 for the three months ended October 31, 2009, an increase of 59%. Operating profits from administrative management services related to gaming increased $38,000 from $187,000 for the three months ended October 31, 2009, to $225,000 for the three months ended October 31, 2010.

The Gaming Facility located in Dodge City, Kansas known as Boot Hill Casino and Resort opened for business on December 15, 2009. In the three months ended October 31, 2010, the Gaming Facility received gross revenue of $9.9 million for the State of Kansas. Mandated fees, taxes and equipment distributions reduced gross revenue by $4.7 million resulting in net revenue to us, as the manager, of $5.2 million. The net loss from the Gaming Facility for the three months ended October 31, 2010, was $235,000.

Backlog:

As of October 31, 2010, our backlog totaled $10.6 million. The backlog includes firm, pending, and contract orders, which may not be completed within the next fiscal year. This is consistent with the industry in which modifications services and related contracts may take several months and sometimes years to complete. There can be no assurance that all orders will be completed or that some may ever commence.

Our Business:

Butler National Corporation operates in the Aerospace and Services business segments. The Aerospace segment focuses on the manufacturing of support systems for "Classic" commercial and military aircraft including the Butler National TSD for the Boeing 737 and 747 Classic aircraft, switching equipment for Boeing McDonnell Douglas Aircraft, weapon control systems for Boeing Helicopter and performance enhancement structural modifications for Learjet, Cessna, Dassault and Beechcraft business aircraft. Services include electronic monitoring of water pumping stations, temporary employee services, gaming services and administrative management services.

Forward-Looking Information:

The information set forth above includes "forward-looking statements" as outlined in the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934. Words such as "anticipate," "estimate," "expect," "project," "intend," "may," "plan," "predict," "believe," "should" and similar words or expressions are intended to identify forward-looking statements. Investors should not place undue reliance on forward-looking statements, and the Company undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements reflect the present expectation of future events of our management and are subject to a number of important factors, risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements. These factors and risks include, but are not limited to the Cautionary Statements and Risk Factors, filed as Exhibit 99 and Section 1A to the Company's Annual Report on Form 10-K, incorporated herein by reference. Investors are specifically referred to such Cautionary Statements and Risk Factors for discussion of factors, which could affect the Company's operations, and forward-looking statements contained herein.

FOR MORE INFORMATION, CONTACT:



Humanity Worldwide Capital Group



Lou Albert Rodriguez


Ph [phone]


[e-mail]



www.humanityworldwide.com






Jim Drewitz, Public Relations


Ph [phone]


[e-mail]






Butler National Corporation Investor Relations


Ph [phone]




THE WORLDWIDE WEB:

Please review www.butlernational.com for pictures of our products and details about Butler National Corporation and its subsidiaries.

[MikeDDKing]

BUKS is one of my favorite picks that looks poised to be a multi-bagger. Here is why I like BUKS:

1. One of BUKS operating segments is management of a casino. They are currently expensing the purchase of slot machines for the casino. They had to expense the purchase of these slot machines over an 18 month period despite the fact that the useful life of them is much longer. The expensing of these slot machines ends in May and will decrease their expenses significantly. I calculate that this savings will add roughly $0.10/share in pre-tax earnings. This is described in the most recent conference call.

2. When you combine the savings described above with their current earnings I expect them to have pre-tax EPS of roughly $0.04/quarter starting with fiscal Q1'2012 which ends in July of 2011. Those are big earnings for a stock that last traded at $0.475

3. BUKS has a solid balance sheet with a book value of $0.30/share and cash of $0.12/share.

[B7$4]

"BUKS News" Butler National Expands Presence in Brazil With Significant New Orders From OceanAir
http://www.auto-mobi.info/index.php?option=com_content&task=view&id=121653&Itemid=56

Wednesday, 16 February 2011
Butler National Corporation (OTC Bulletin Board: BUKS), a leader in the growing global market for structural modification, maintenance, repair and overhaul (MRO) has been retained by OceanAir, a Brazilian MRO company, to perform special mission modifications on three Learjet Model 35 airplanes. OceanAir is part of Synergy Group.

"This is a highly specialized modification and electronics integration package," said Jose Efromovich. "We would only entrust such technically sophisticated work to Butler's Avcon Group. We have been working with Butler for three years and look forward to our continued relationship as we keep expanding in the rapidly growing Latin American market."

Christian Vila, Director of Latin & South American sales for Butler National added, "Avcon is the leading provider of Learjet modifications in Brazil. We believe we will see strong demand for this and other Avcon modifications in the future including commercial aircraft." Synergy Group, which is the parent company of OceanAir, also owns 67% of AviancaTaca with approximately 150 aircraft.

Butler National's expanded presence in Brazil continues its effort to leverage a major global growth trend in aviation. According to recently published reports the global deliveries of new aircraft are projected to total 56,900 by 2029 and the total global fleet will approach 70,000 for commercial and business aircraft. This represents more than $3 trillion in value with most of the growth coming from Latin American, Asia and the Middle East.

GROWTH IN INTERNATIONAL MARKETS AND THE AEROSPACE & DEFENSE INDUSTRY

"Our plan is to aggressively increase our footprint in international markets including Latin America. We are currently working with customers and installation centers in Argentina, Bolivia, Chile, Colombia, Mexico, as well as Brazil. That's where the growth is and that's where we'll be," concluded Butler's Vila.

For the most recent fiscal year, the Company achieved revenue growth of 80.1% and was:

* 5th fastest-growing publicly traded Aerospace & Defense company including 115 companies with combined revenues of $443 billion
* 10th fastest-growing publicly traded company in the Midwest including 923 publicly traded companies with combined revenues of $2.7 trillion
* The fastest-growing publicly traded company in Kansas including 28 companies with combined revenues of $61 billion


Our Business:

Butler National Corporation operates in the Aerospace and Services business segments. The Aerospace segment focuses on the manufacturing of support systems for "Classic" commercial and military aircraft including the Butler National TSD for the Boeing 737 and 747 Classic aircraft, switching equipment for Boeing McDonnell Douglas Aircraft, weapon control systems for Boeing Helicopter and performance enhancement structural modifications for Learjet, Cessna, Dassault and Beechcraft business aircraft. Services include electronic monitoring of water pumping stations, temporary employee services, gaming services and administrative management services.

[ShierCon]

Hello board, is this company related to butlq? if yes how?

[HDOGTX]

BUKS 8k & News
BUTLER NATIONAL MAKES STRATEGIC ACQUISITION OF KINGS AVIONICS TO EXPAND CAPABILITIES IN KEY MARKET SEGMENTS


Olathe, Kansas, Oct. 28, 2010 - Butler National Corporation (OTC Bulletin Board: BUKS), a leading manufacturer and provider of support systems for "Classic" commercial and military aircraft and a recognized provider of professional management services in the gaming industry, announces strategies for growth and cross-selling following the recent acquisition of Kings Avionics. Annual sales for Kings Avionics were reported at $2.1 million with a backlog of approximately $1.0 million.

Clark D. Stewart, President and CEO, stated, "The acquisition of Kings Avionics provides Butler with a greater presence in the maintenance, repair and overhaul (MRO) market to better support our special mission and classic aviation customers. Butler has been growing this strategically important business segment."

Kings Avionics services aircraft ranging from single-engine piston airplanes to business jets. The acquisition expands the existing Butler National business to include a complete avionics capability offering comprehensive trouble-shooting, systems integration, avionics repairs, avionics installations, and instrument repair and overhaul.

Stewart commented, "Butler and our subsidiary Avcon have worked with Kings Avionics for a number of years to complete avionics installations, repairs and troubleshooting. Many of our customers require avionics upgrades when completing special mission and performance modifications. The Kings acquisition expands Butler/Avcon capabilities to provide these services to our customers as a dealer for most related manufacturers and the ability to offer on-site repair and overhaul of radios, radars, autopilots and instruments."

"This acquisition provides synergies in support of our JET autopilot product line. Butler National and Kings Avionics combine to bring our customers 'one-stop' shopping. This is a true competitive advantage and one we are intent on maximizing."


Our Business:

Butler National Corporation operates in the Aerospace and Services business segments. The Aerospace segment focuses on the manufacturing of support systems for "Classic" commercial and military aircraft including the Butler National TSD for the Boeing 737 and 747 Classic aircraft, switching equipment for Boeing McDonnell Douglas Aircraft, weapon control systems for Boeing Helicopter and performance enhancement structural modifications for Learjet, Cessna, Dassault and Beechcraft business aircraft. Services include electronic monitoring of water pumping stations, temporary employee services, gaming services and administrative management services.



Forward-Looking Information:

The information set forth above includes "forward-looking statements" as outlined in the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934. Words such as "anticipate," "estimate," "expect," "project," "intend," "may," "plan," "predict," "believe," "should" and similar words or expressions are intended to identify forward-looking statements. Investors should not place undue reliance on forward-looking statements, and the Company undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements reflect the present expectation of future events of our management and are subject to a number of important factors, risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements. These factors and risks include, but are not limited to the Cautionary Statements and Risk Factors, filed as Exhibit 99 and Section 1A to the Company's Annual Report on Form 10-K, incorporated herein by reference. Investors are specifically referred to such Cautionary Statements and Risk Factors for discussion of factors, which could affect the Company's operations, and forward-looking statements contained herein.


FOR MORE INFORMATION, CONTACT:


Humanity Worldwide Capital Group
Lou Albert Rodriguez
[e-mail]
www.humanityworldwide.com

Jim Drewitz, Public Relations
[e-mail]

Butler National Corporation Investor Relations



Telephone: [phone]




Telephone: [phone]


Telephone: [phone]


THE WORLDWIDE WEB:
Please review www.butlernational.com for pictures of our products and details about Butler National Corporation and its subsidiaries.

[KIRBY]

BUKS made a new 52 week high and filed this after hours.

Statement of Changes in Beneficial Ownership (4)
Date : 10/27/2010 @ 3:27PM
Source : Edgar (US Regulatory)
Stock : (BUKS)
Quote : 0.48 0.01 (2.13%) @ 4:02PM


- Statement of Changes in Beneficial Ownership (4)
FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

OMB APPROVAL
OMB Number: 3235-0287
Expires: February 28, 2011
Estimated average burden
hours per response... 0.5


Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940


1. Name and Address of Reporting Person *

REEDY CHRISTOPHER J 2. Issuer Name and Ticker or Trading Symbol

BUTLER NATIONAL CORP [ buks ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director _____ 10% Owner
__ X __ Officer (give title below) _____ Other (specify below)
Vice President
(Last) (First) (Middle)

12708 W. 161ST STREET 3. Date of Earliest Transaction (MM/DD/YYYY)

10/26/2010
(Street)

OVERLAND PARK, KS 66062
(City) (State) (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)


6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 10/26/2010 S 1000 D $0.46 247462 D
Common Stock 432982 I By 401K
Common Stock 5000 I By Spouse

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities
)
1. Title of Derivate Security
(Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 8. Price of Derivative Security
(Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Explanation of Responses:

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
REEDY CHRISTOPHER J
12708 W. 161ST STREET
OVERLAND PARK, KS 66062

Vice President

Signatures
s/s Christopher J. Reedy 10/27/2010
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
Butler Natl Corp (BB) (OTCBB:BUKS)
Historical Stock Chart

1 Year : October 2009 to October 2010
Click Here for more Butler Natl Corp (BB) Charts.
Butler Natl Corp (BB) (OTCBB:BUKS)
Intraday Stock Chart

[10 bagger]

BUKS.. $0.39 Started a trading position today.. hank

Most Successful Year in The History of the Company
Sales increased 80% to $32.6 Million for Fiscal 2010
Net Income increased 249% to $2.9 Million for Fiscal 2010

OLATHE, Kan., July 28 /PRNewswire-FirstCall/ -- Butler National Corporation (OTC Bulletin Board: BUKS) a leading manufacturer and provider of support systems for &;Classic&; commercial and military aircraft, announces its financial results for the fourth quarter fiscal 2010 and year ended April 30, 2010. Historical selected financial data related to all operations:

Year Ended April 30 Quarter Ended April 30

(In thousands except per share (In thousands except per share
data) data)

2010 2009 2008 2010 2009 2008

Net Sales $ 32,577 $ 18,093 $ 17,647 $ 13,173 $ 4,288 $ 4,446

Operating Income 3,344 1,832 2,203 1,056 678 1,015

Net Income 2,890 829 1,274 1,510 279 662

Total Assets 29,566 25,798 27,104 29,566 25,798 27,104

Long-term
Obligations 4,305 6,345 6,416 4,305 6,345 6,416

Stockholders'
Equity 16,308 13,219 12,190 16,308 13,219 12,190

Weighted Average
Shares –
Diluted 55,503 54,934 53,928 55,503 54,934 53,928

New Product
Research and
Development Cost 1,720 1,892 4,266 374 (609) 520

Management Comments:

Fiscal 2010 was the most successful year in the history of Butler National Corporation. We set new highs in both sales and profitability during a challenging economic time. Our Avionics and Modifications segments led the way generating over four million dollars in operating profit before corporate allocation. Boot Hill Casino and Resort opened December 15, 2009 and we believe this business and our other business segments are well positioned to grow shareholder value.

Our revenue for fiscal 2010 was $32.6 million, an increase of 80.1% from fiscal 2009 revenue of $18.1 million. Net Income for fiscal 2010 was $2.9 million, an increase of 249% from fiscal 2009 net income of $829,000.

During Fiscal 2010, we invested approximately $1.7 million toward the development and acquisition of new products. We feel this expenditure for the design and development engineering, testing, and certification of new products may stabilize our long-term revenues and enhance our profits.

We are moving confidently into fiscal year 2011, planning to build on our success. We believe we are well positioned for the future as we focus on serving the needs of our customers and enhancing shareholder value,&; commented Clark D. Stewart, President of the Company.

Business Segment Highlights

Aircraft Modifications:

Revenue from Aircraft Modifications segment for the fiscal year ending April 30, 2010, was $13.5 million, an increase of 15.1% from fiscal 2009 with revenue of $11.7 million. The modifications segment had an operating profit of $2.1 million in the fiscal year ended April 30, 2010, an increase of 6.7% over fiscal 2009 operating profit of $2.0 million.

Considering the current economic conditions and its relationship to the current retail and wholesale aircraft markets we reclassified our aircraft inventory as long-term assets beginning August 1, 2009. Depreciation is calculated over the useful life of five years. The reclassification of aircraft to a long-term asset resulted in additional depreciation expense of approximately $561,000, reducing our operating profit for fiscal 2010.

During the past few years, we have seen a significant increase in aircraft camera modification. Several custom engineering projects were completed in fiscal 2010 which accounted for our change in revenue. As the economy grows, aircraft owners may elect to update, modify, and purchase business aircraft. A shift to business aircraft ownership positively impacts our aircraft modification revenues.

Avionics:

Revenue from Avionics for the fiscal year ending April 30, 2010 was $5.5 million, an increase of 144% from fiscal 2009 with revenue of $2.3 million. The avionics segment had an operating profit of $2.2 million in fiscal 2010, an increase of $1.8 million over fiscal 2009 operating profit of $338,000. The increase in operating profit is directly related to the significant increases in revenue. The work in process was approximately $165,000 at April 30, 2010 compared to work in process of approximately $1,324,000 at April 30, 2009. Management expects increased revenue for the fuel system protection devices when regulatory requirements necessitate the TSD, GFI, and other classic aviation products.

Monitoring Services:

Revenue from Monitoring Services decreased from $1.8 million for fiscal 2009 to $1.6 million for fiscal 2010. The monitoring services had an operating profit of $297,000 in fiscal 2010, a decrease of 16.1% compared with fiscal 2009 operating profit of $354,000. During fiscal 2010, we maintained a relatively level volume of long-term contracts with municipalities. We anticipate increases in revenue from additional lift station rehabilitations over the next three to four years. Revenue fluctuates due to the introduction of new products and services and the related installations of these types of products. Our contracts with our two largest customers have been renewed through fiscal 2011. We believe the service business has had revenue stability over the past few years and we expect this to continue.

Corporate/Professional Services Including Gaming Operations:

Revenue from Management Services related to gaming, other real estate development, and on site contract management of gaming establishments for fiscal 2010 was $1.7 million compared to $1.3 million for fiscal 2009, an increase of 31%. Operating profits from management services related to gaming decreased from $1.1 million for fiscal 2009 to $353,000 for fiscal 2010. Additional operating profits of $496,000 can be attributed to the sale of 104 acres of property developed for the casino in Dodge City, Kansas. We incurred additional expenses of approximately $1,259,000 to adjust reserves related to our Indian gaming endeavors.

Backlog:

As of July 16, 2010, our backlog totaled approximately $12.9 million. The backlog includes firm, pending, and contract orders, which may not be completed within the next fiscal year. The backlog includes orders to be delivered after fiscal year 2011 in the amount of approximately $2.8 million. This is consistent with the industry in which modifications services and related contracts may take several months and sometimes years to complete. There can be no assurance that all orders will be completed or that some may ever commence.

Our Business:

Butler National Corporation operates in the Aerospace and Services business segments. The Aerospace segment focuses on the manufacturing of support systems for &;Classic&; commercial and military aircraft including the Butler National TSD for the Boeing 737 and 747 Classic aircraft, switching equipment for Boeing McDonnell Douglas Aircraft, weapon control systems for Boeing Helicopter and performance enhancement structural modifications for Learjet, Cessna, Dassault and Beechcraft business aircraft. Services include electronic monitoring of water pumping stations, temporary employee services, gaming services and administrative management services.


FOR MORE INFORMATION, CONTACT:

Humanity Worldwide Capital Group Telephone: [phone]
Lou Albert Rodriguez
[e-mail]
www.humanityworldwide.com

Jim Drewitz, Public Relations Telephone: [phone]
[e-mail]


Butler National Corporation Investor Relations Telephone: [phone]

[AliAngel]

I missed the run here and that should help them grow more on that.

[jmurfk]

10K out showing .05 EPS on a net income of 2.8 mil. More than three times the net income for 2009.

Revenue almost double over 2009 and 2008.

[conix]

For a profitable company, BUKS is something to keep an eye on. IMO

[AliAngel]

LOL I am a day late and a casino chip short. I will watch it to see what else is up here.
Dave

[MWM]

Ha, I just resigened because i have not keep up with this one, it has an interesting story though that is for sure!

[AliAngel]

And with mike as mod you are waiting in good hands for sure.

[DeeperThanMusik]

it looks like we are just waiting on the final news that it has finally been opened now. do you think the news will attract people to this stock?

[MWM]

Chart

[MWM]

Revenue and Operating Profit


Our revenue for fiscal 2009 was $18,093,088, an increase of 2.5% from fiscal 2008 revenue of $17,646,565. We experienced a 18.4% decrease in earnings before taxes from fiscal 2008 to fiscal 2009. Our operating profit for 2009 was $1,831,882 compared to $2,202,560 in 2008, a decrease of 16.8%. Discussion of specific changes by segment are as follows.



Aircraft Modifications : Sales from the Aircraft Modifications including modified aircraft increased 35.5% from $8,646,562 in fiscal 2008, to $11,713,497 in 2009. The modifications segment had an operating profit of $967,085 in 2009, compared to a profit of $814,599 in 2008. The majority of the increase was from special mission modifications.



We believe we may sell and install approximately 15 to 25 Lear 20 & 30 series RVSM kits during the next two years. In addition to the RVSM sales, we expect to experience some increase in our base modification sales. During the past few years we have seen a significant increase in aircraft camera modification. Custom engineering projects and aircraft modifications have also attributed to our increase in sales. As the economy slows aircraft owners may elect to delay the updates modifications, and purchases of business aircraft. Although we have not experienced a decrease in sales we cannot anticipate the future, and we must always consider the negative impact of items such as the 9-11 event, increases in fuel prices, and general economic downturns.



Aircraft Acquisitions and Sales : There were no aircraft sales in fiscal 2009 or fiscal 2008. We acquired no aircraft during fiscal 2009 or fiscal 2008. Management expects this business segment to have limited activity until more favorable economic conditions exist. FAA required modifications to the business aircraft fleet may increase customer demand for company owned aircraft.



Avionics : Sales from Avionics decreased 55%, from $5,024,781 in fiscal 2008, to $2,255,776 in fiscal 2009. This decrease is directly related to sales of defense products. Operating profits decreased from $842,553 in fiscal 2008 to a loss of $87,532 in fiscal 2009. The 110% decrease in operating profit is related to several large build to print jobs. The work in process was approximately $1,324,000 at April 30, 2009 compared to work in process of approximately $359,000 at April 30, 2008. Unaudited sales of defense products have already exceeded $1,800,000 in the first two months of fiscal year 2010. Management expects increased sales for the fuel system protection devices, when certified, like the TSD, GFI, and other classic aviation and defense products.



Services - SCADA Systems and Monitoring Services : Revenue from Monitoring Services increased from $1,557,792 in fiscal 2008 to $1,771,755 in fiscal 2009, an increase of 13.7%. During fiscal 2009, we maintained a relatively level volume of long-term contracts with municipalities. We anticipate increases in revenue from additional lift station rehabilitations over the next four years. Revenue fluctuates due to the introduction of new products and services and the related installations of these types of products. Our contracts with our two largest customers have been renewed through fiscal 2010. An operating profit of $24,317 in Monitoring Services was recorded in fiscal 2009, compared to a fiscal 2008 profit of $138,133 a decrease of 82.4%. We believe the service business has had revenue stability over the past few years and we expect this to continue.




Gaming : Revenue from management services related to gaming decreased 14.2% from $1,507,049 in fiscal 2008, to $1,293,284 in fiscal 2009. Revenues continue to remain relatively stable due to the established customer base in Oklahoma.



We have advanced and invested a total of $5,153,174 at April 30, 2009 and at April 30, 2008 in gaming developments. We have reserves of $3,346,623, at April 30, 2009 and at April 30, 2008. We believe it is necessary to establish reserves against the advances because all of the proposed casinos involve legal and government approvals. The reserve amount is an estimate of the value we would receive if a casino was not opened and we were forced to liquidate the assets that we have acquired with our advances. These assets were intended to be used with casinos and consist of the purchase of land and land improvements related to the development of gaming facilities. We believe that these tracts could be developed and sold for residential and commercial use to recover our advances if the gaming enterprises do not open.



In fiscal year 2009 and 2008, we maintained a reserve of approximately $434,000 for Dodge City gaming developments. We determine annually the amount of any increase in reserves based on our determination of the fair value of assets acquired by our advances for gaming developments.




Corporate / Professional Services : These services include the architectural services of BCS Design, Inc., arrangements for financing, on site contract management of gaming establishments, flight, and engineering services. Management consulting and professional fees, including sales related to completed projects, were $491,756 in fiscal 2009 and $579,381in fiscal 2008 a decrease of 15%. Sales related to construction projects were approximately $567,000 for fiscal 2009, an increase of 71%.

[MWM]

BUKS this is interesting...

http://finance.yahoo.com/news/Revenuehungry-Kansas-will-be-apf-2771538331.html?x=0&.v=1

http://www.butlernational.com/

[MWM]

The Boot Hill Casino and Resort is designed to enhance and re-create the world famous 1879-1880's experience near the historic Boot Hill destination in Dodge City, Kansas. A State of Kansas research study of casino revenue in the Dodge City destination market, range from $40 million to $60 million per year. Phase I of the development will require an investment of approximately $45 million and is planned to open this year. Phase II of the development is planned to be complete in 38 months and the estimated cost is an additional $42.5 million.

[di4]

Butler National Corporation Plans to Open Boot Hill Casino and Resort in Dodge City, Kansas in December 2009
May 8, 2009 10:20:00 AM


Email Story Discuss on ZenoBank

View Additional ProfilesOLATHE, Kan., May 8 /PRNewswire-FirstCall/ -- Butler National Corporation (OTC Bulletin Board: BUKS) a recognized provider of professional management services in the gaming industry, announces passage of significant milestones in the development of the Boot Hill Casino and Resort in Dodge City, Kansas. Butler National Service Corporation (BNSC), a wholly owned subsidiary, is the approved manager of the Southwest Gaming Zone and has an approved contract with the Kansas Lottery to manage and develop a casino in Dodge City, Kansas.


Pictures of the construction progress have been placed on the Butler National website at www.butlernational.com showing enclosure of the casino facility.


The facility is being developed under an agreement to lease a build-to-suit, turn-key casino in northwest Dodge City, Kansas with BHC Development (BHCD). BHCD hired the general contractor for the casino and the casino is currently under construction on a one hundred acre parcel of land. BNSC is in the process of completing the sale of the one hundred acre parcel to BHCD. BNSC will continue to own the land adjacent to the parcel being sold.


BNSC has an agreement to provide management with assistance from Navegante to its new subsidiary BHCMC, L.L.C. (BHCMC). BHCMC, a Kansas-owned limited liability company, is jointly owned by BNSC and BHC Investment Company, L.C. (BHCI). Currently BNSC and BHCI own 99.6% and 0.4% respectively in BHCMC. BHCI has an approved option to purchase an additional 39.6% in BHCMC at a future date and subject to completion of the required background investigations by the Kansas Racing and Gaming Commission.


Clark Stewart, President and CEO of Butler National Corporation said, "We believe we have assembled a team of outstanding professionals that will provide a first-class destination casino and resort to Southwest Kansas. Casino construction in Dodge City is progressing on schedule toward a December 2009 opening."


"Based on the management structure and projections we have provided to the Kansas Lottery, we believe Boot Hill Casino and Resort will generate a rough order of magnitude value for EBITDA of approximately $1.0, $3.0, $4.0, $4.5, and $5.0 million over the next five fiscal years for BNSC. We all know that unknowns may significantly influence these numbers up or down."


"We are excited about the building progress to date. Currently, there are approximately 100 people involved with the project. We remain hopeful that any remaining roadblocks can be resolved in a timely fashion. We look forward to the opening of Boot Hill Casino and Resort and to providing an additional economic boost to the State of Kansas."


About Butler National Corporation:


Butler National Corporation operates in the Aerospace and Services business segments. The Aerospace segment focuses on the manufacturing of support systems for "Classic" commercial and military aircraft including the Butler National TSD for the Boeing 737 and 747 Classic aircraft, switching equipment for Boeing/Douglas Aircraft, weapon control systems for Boeing Helicopter and performance enhancement structural modifications for Learjet, Cessna, Dassault and Hawker/Beechcraft business aircraft. Services include electronic monitoring of water pumping stations, temporary employee services, Indian gaming services and administrative management services.


Forward-Looking Information:


The information set forth above may include "forward-looking" information as outlined in the Private Securities Litigation Reform Act of 1995. The Cautionary Statements and Risk Factors, filed by the Company as Exhibit 99 to the Company's Annual Report on Form 10-K and Section 1A of Form 10-K, are incorporated herein by reference and investors are specifically referred to such Cautionary Statements and Risk Factors for discussion of factors, which could affect the Company's operations, and forward-looking statements contained herein.


FOR MORE INFORMATION CONTACT:

Craig D. Stewart, Investor Relations
Butler National Corporation
19920 W. 161st Street
Olathe, KS 66062
Public Relations Phone: [phone]
Fax: [phone]

Jim Drewitz, Public Relations
[e-mail]
Direct Investor Relations
Phone office: 830-669-2466

For more information, please visit the Company web site:

www.butlernational.com



SOURCE Butler National Corporation



----------------------------------------------
Craig D. Stewart
Investor Relations
Butler National Corporation
Public Relations Phone: [phone]
Fax: [phone]; Jim Drewitz
Public Relations
[e-mail]
Direct Investor Relations Phone office: [phone]
for Butler National Corporation

[RagingStocks]

National Indian Gaming Commission Approves Extension of Butler National - Stables Casino Management Agreement

Mar 26, 2007 10:38:00 (ET)


OLATHE, Kansas, March 26, 2007 /PRNewswire-FirstCall via COMTEX/ -- Butler National Corporation (BUKS, Trade ) a recognized provider of professional management services in the gaming industry, announces the National Indian Gaming Commission (NIGC) has approved a third, five-year management agreement between the Miami and Modoc Tribes of Oklahoma and Butler National Service Corporation for the Stables Casino, located in Miami, Oklahoma. The extension retains Butler National as manager of The Stables into 2013. The Stables opened for business in September 1998.

The Indian Gaming Regulatory Act and the regulations of the NIGC require the NIGC Chairman to approve changes to management contracts for all gaming operations on Indian lands.

The Stables is a Class III gaming establishment, jointly owned by the Miami Tribe and the Modoc Tribe. The Stables features Class III games permitted under the Compact with the State of Oklahoma and Class II games permitted under the Indian Gaming Regulatory Act. The Class III games include Las Vegas-style electronic games and slots and numerous table games. The Stables also features Off-Track-Betting on horse racing ("OTB"). The Stables draws many of its customers from the local communities in Arkansas, Kansas, Missouri and Oklahoma, tourists traveling Interstate 44, as well as many tourists attending the Branson, Missouri attractions.

Clark Stewart, President and Chief Executive Officer of Butler National Corporation said, "We are pleased and very proud to receive this contract extension. We have a great working relationship with the tribes and the NIGC. In 2006, the growth of Indian gaming continued at a strong and steady pace of 16%. Northeast Oklahoma has become a tourist destination with the help of Indian gaming. Indian gaming continues to make significant contributions to the local community and the Oklahoma economy in terms of output, jobs and wages. The past eight years have been, and we fully expect will continue to be, a successful and profitable relationship for the Miami Tribe, Modoc Tribe and Butler. We look forward to the challenges and growth opportunities that lie ahead with Indian Gaming in Oklahoma and Kansas."

Our Business:

About Butler National Corporation

Butler National Corporation operates in the Aerospace and Services business segments. The Aerospace segment focuses on the manufacturing of support systems for "Classic" commercial and military aircraft including the Butler National TSD for Boeing 737 and 747 Classic aircraft, switching equipment for Boeing/Douglas Aircraft, weapon control systems for Boeing Helicopter and performance enhancement structural modifications for Learjet, Cessna, Dassault and Raytheon business aircraft. Services include electronic monitoring of water pumping stations, temporary employee services, Indian gaming services and administrative management services.

Forward-Looking Information:

The information set forth above may include "forward-looking" information as outlined in the Private Securities Litigation Reform Act of 1995. The Cautionary Statements, filed by the company as Exhibit 99 to the Company's Annual Report on Form 10-K, are incorporated herein by reference and investors are specifically referred to such Cautionary Statements for a discussion of factors which could affect the Company's operations and forward-looking statements contained herein. These Risk Factors are also listed in Part I Item 1A of the company's Annual Report on Form 10-K.


FOR MORE INFORMATION CONTACT:
Craig Stewart, Investor Relations Phone [phone]
Butler National Corporation Fax [phone]
19920 W. 161st Street
Olathe, KS 66062

Jim Drewitz, Public Relations Phone [phone]
Creative Options Communications
[e-mail]

For more information, please visit the Company web site:

http://www.butlernational.com




SOURCE Butler National Corporation


Craig Stewart, Investor Relations of Butler National Corporation, [phone], or
fax, [phone]; or Jim Drewitz, Public Relations of Creative Options
Communications, [phone], or [e-mail] , for Butler National
Corporation



http://www.butlernational.com

[RagingStocks]

Butler National Corporation Announces Award of Junction City - City Commerce Center Design Contract

Mar 21, 2007 14:40:00 (ET)


OLATHE, Kan., March 13, 2007 /PRNewswire-FirstCall via COMTEX/ -- Butler National Corporation (BUKS, Trade ) announces BCS Design Inc., a wholly- owned subsidiary, has been awarded a contract to design a new City Commerce Center for the city of Junction City, KS. The facility will be approximately 40,000 square feet and among its many uses, will house the Chamber of Commerce, military offices, and a daycare center for city and local hospital employees. The design contract is scheduled for completion by mid to late summer 2007 and is a very important engagement for BCS in its efforts to assist Junction City and Geary County and the expansion of Fort Riley.

This design contract is BCS Design's second project in Junction City. BCS Design is currently on schedule to complete construction of fourteen townhouses in Junction City by April 1, 2007. These townhouses are two-story, three bedroom, two-and-a-half bath homes with a single car garage. Sales of the townhouses are currently underway.

Jeff Shinkle, President of BCS Design, Inc., said, "This is another great opportunity for BCS Design. The design of the City Commerce Center is a significant contract and will serve as an additional focal point of commerce for Junction City. We are excited we have been selected to design this facility.

"We are nearing completion of the townhouses and are expecting brisk sales of these units once completed. These townhouses will provide a great housing alternative to both residents of Junction City as well as troops returning from overseas."

Our Business:

About Butler National Corporation

Butler National Corporation operates in the Aerospace and Services business segments. The Aerospace segment focuses on the manufacturing of support systems for "Classic" commercial and military aircraft including the Butler National TSD for Boeing 737 and 747 Classic aircraft, switching equipment for Boeing/Douglas Aircraft, weapon control systems for Boeing Helicopter and performance enhancement structural modifications for Learjet, Cessna, Dassault and Raytheon business aircraft. Services include electronic monitoring of water pumping stations, temporary employee services, Indian gaming services and administrative management services.

Forward-Looking Information:

The information set forth above may include "forward-looking" information as outlined in the Private Securities Litigation Reform Act of 1995. The Cautionary Statements, filed by the Company as Exhibit 99 to the Company's Annual Report on Form 10-K, are incorporated herein by reference and investors are specifically referred to such Cautionary Statements for a discussion of factors which could affect the Company's operations and forward- looking statements contained herein. These Risk Factors are also listed in Part I Item 1A of the company's Annual Report on Form 10-K.


FOR MORE INFORMATION CONTACT:
Craig Stewart, Investor Relations Phone [phone]
Butler National Corporation Fax [phone]
19920 W. 161st Street
Olathe, KS 66062

Jim Drewitz, Public Relations Phone [phone]
Creative Options Communications
[e-mail]

For more information, please visit the Company web site:

http://www.butlernational.com




SOURCE Butler National Corporation


Craig Stewart, Investor Relations of Butler National Corporation, [phone], or
fax, [phone]; or Jim Drewitz, Public Relations of Creative Options
Communications, [phone], or [e-mail] , for Butler National
Corporation



http://www.butlernational.com

[RagingStocks]

Butler National Corporation Selected By Boot Hill Gaming to Assist in Development and Management of Potential Kansas Destination Casino

Mar 19, 2007 13:09:00 (ET)


OLATHE, Kansas, March 19, 2007 /PRNewswire-FirstCall via COMTEX/ -- Butler National Corporation (BUKS, Trade ) announces its gaming management subsidiary, Butler National Service Corporation has been selected to assist Dodge City, Kansas based Boot Hill Gaming, Inc. with the development and management of a potential Kansas Destination Casino at historic Boot Hill in Dodge City.

Boot Hill Gaming, Inc. is a Dodge City community organization consisting of leaders from the Boot Hill Museum, City of Dodge City, Ford County, Kansas and many volunteer citizen support groups with the purpose of assembling an All-Kansas Team to develop a gaming establishment to enhance and recreate the world famous 1870's experience at the historic Boot Hill Destination in Dodge City.

A March 12, 2007, presentation by Mr. Jeff Thorpe, President of Boot Hill Gaming, to the Kansas Legislature is available for your review at http://www.butlernational.com . This presentation includes the worldwide customer demographics of the Destination Casino and the expected financial results if the Destination Casino is approved.

On March 15, 2007, Boot Hill Gaming, representing Dodge City, Kansas, announced that Butler National Service Corporation of Olathe, Kansas has been selected to be the casino manager for the Boot Hill Destination Casino. Butler National has been assisting Dodge City and Boot Hill Gaming with the research, development plans, financial projections, design and promotion of a Destination Casino at Dodge City with an All-Kansas Team.

Under proposed legislation, the establishment of the Boot Hill Destination Casino requires authorization for casino gaming in Dodge City, the approval of gaming in Ford County, Kansas by the citizens of the County and the formal selection and approval of Butler National Service Corporation as the manager by the State of Kansas.

"Butler National is honored and proud to be selected by Boot Hill Gaming as a part of the All-Kansas Team to assist with the restoration of the historic 1870's experience in Western Kansas. The testimony given by Mr. Thorpe includes estimates by a State of Kansas research study of casino revenue in the Dodge City destination market that range from $50 million to $60 million per year. Development, construction and equipment costs are estimated to be approximately $50 million.

"We believe the majority of this revenue should come from tourists traveling from all over the world to visit Western Kansas sites and the Boot Hill Destination. This activity should result in considerable economic development through direct spending and through the economic multiplier for the supporting businesses at all the historic sites in Western Kansas. Using a conservative multiplier of five, we would project the Boot Hill Destination Casino could create as much as $500 million or more of economic activity in the region. This would be a major addition to the Kansas economy and the Kansas tourism industry," said Clark Stewart, President of Butler National.

Our Business:

About Butler National Corporation

Butler National Corporation operates in the Aerospace and Services business segments. The Aerospace segment focuses on the manufacturing of support systems for "Classic" commercial and military aircraft including the Butler National TSD for Boeing 737 and 747 Classic aircraft, switching equipment for Boeing/Douglas Aircraft, weapon control systems for Boeing Helicopter and performance enhancement structural modifications for Learjet, Cessna, Dassault and Raytheon business aircraft. Services include electronic monitoring of water pumping stations, temporary employee services, Indian gaming services and administrative management services.

Forward-Looking Information:

The information set forth above may include "forward-looking" information as outlined in the Private Securities Litigation Reform Act of 1995. The Cautionary Statements, filed by the company as Exhibit 99 to the Company's Annual Report on Form 10-K, are incorporated herein by reference and investors are specifically referred to such Cautionary Statements for a discussion of factors which could affect the Company's operations and forward-looking statements contained herein. These Risk Factors are also listed in Part I Item 1A of the company's Annual Report on Form 10-K.


FOR MORE INFORMATION CONTACT:
Craig Stewart, Investor Relations Phone [phone]
Butler National Corporation Fax [phone]
19920 W. 161st Street
Olathe, KS 66062

Jim Drewitz, Public Relations Phone [phone]
Creative Options Communications
[e-mail]

For more information, please visit the Company web site:

http://www.butlernational.com

[RagingStocks]

Butler National Corporation Announces Third Quarter and Nine Month Financial Results and Conference Call

Mar 16, 2007 13:05:00 (ET)


OLATHE, Kansas, March 16, 2007 /PRNewswire-FirstCall via COMTEX/ -- Butler National Corporation (BUKS, Trade ), a leading manufacturer and provider of support systems for "Classic" business, commercial, and military aircraft, announces its financial results for the third quarter and nine months for fiscal year 2007 for the period ended January 31, 2007. In conjunction with the release, the Company has scheduled a conference call Tuesday, March 20, 2007 at 9:00AM Central Daylight Time.


What: Butler National Corporation Third Quarter and Nine Months Financial
Results Conference Call

When: Tuesday, March 20, 2007 - 9:00 AM Central Daylight Time

How: Live via phone by dialing 800-624-7038. Code: Butler National
Corporation. Participants to the conference call should call in at
least 5 minutes prior to the start time.



Clark Stewart, President & CEO, Butler National Corp., will be leading the call and discussing results of the third quarter and nine months, the status of new and existing orders, gaming activities and an outlook on the balance of fiscal 2007.


Historical selected financial data related to all operations:

Quarter Ended Nine Months Ended
January 31 January 31
(In thousands except (In thousands except
per share data) per share data)
2007 2006 2005 2007 2006 2005

Net Sales $3,344 $3,071 $7,011 $10,775 $12,237 $18,113
Operating Income 28 201 769 624 750 1,936
Net Income (Loss) (119) 37 666 190 350 1,672
Per Share Net Income (.01) .00 .02 .01 .01 .04
Total Assets 19,367 17,931 16,783 19,367 17,931 16,783
Long-term
Obligations 1,646 1,779 2,265 1,646 1,779 2,265
Shareholders'
Equity 10,019 9,670 8,390 10,019 9,670 8,390
New Product
Research and
Development Cost 472 342 283 1,506 1,142 914


Management Comments:


Our sales for the fiscal quarter ended January 31, 2007, increased 8.9% to $3.3 million as compared to $3.1 million for the same period in 2006. Net income for the quarter decreased from a net profit of $37,000 to a net loss of $119,000.

In an effort to further develop and grow our 'Classic Aviation' product line, we expensed 14% of sales on product development. We continue to work on new products and potential acquisitions to stabilize our long-term revenues.

Sales from Aircraft Modifications decreased $195,000 (11.4%) from $1.7 million in the third quarter of fiscal year 2006 to $1.5 million in the current three months of fiscal 2007. Sales for the months of December 2006 and January 2007 were 34% less than the same months in fiscal 2007.

The modifications segment had an operating profit of $141,642 for the three months ended January 31, 2007 compared to operating profit of $42,262 for the three months ended January 31, 2006. RVSM revenues decreased by 16.8% in the third quarter of fiscal 2007, compared to the third quarter of fiscal 2006. We are projecting additional sales of 50 to 100 Learjet 20 series and Learjet 30 series RVSM installations in the next two to five years.

Sales from the Avionics division increased 11.2%, from $558,000 in third quarter of fiscal 2006, to $621,000 in the current three months of fiscal 2007. Operating loss for the three months ended January 31, 2007 was $83,904 compared to an operating profit of $242,779 for the three months ended January 31, 2006, a change of $326,683. The decrease in operating profit is related to additional material cost, material spoilage, additional labor requirements and rework labor costs on a major build-to-print contract. Further operating losses from this contract may be experienced in fiscal 2008.

We expect this business segment to grow in future years as more defense classic aviation products are upgraded with modern gun control equipment. In addition we expect new fuel system protections devices like the TSD and GFI to be required as the focus on aviation becomes more intense.

Monitoring Services sales increased from $357,000 for the three months ended January 31, 2006 to $717,000 for the three months ended January 31, 2007, an increase of 101%. During the three months ended January 31, 2007, we maintained a relatively level volume of long-term contracts with municipalities. We had an operating profit of $151,000 in Monitoring Services for the three months ended January 31, 2007, compared to $64,000 for the three months ended January 31, 2006. Revenue fluctuates due to the introduction of new products and services and the related installations of these products. Our contract with one of our larger customers has been renewed through fiscal 2008.

Revenue from Management Services related to gaming increased for the quarter and the nine months ending January 31, 2007 compared to the same period last year. We are continuing to see positive effects of the Class III gaming.

As of January 31, 2007, our backlog is in excess of $13 million. This backlog reflects our product development efforts and the related potential results. Our challenge is to ship the backlog and further take advantage of these new products. However, because of our major investment in product development required to continue these new products, we may not always maintain smooth and continuous quarterly profits.

"Butler National demonstrated tangible progress in these past three quarters. We want to build on these results and focus on sustainable bottom line performance and increasing shareholder value. We look forward to a successful balance of fiscal 2007. We feel the opportunities in front of us are more significant than what we have seen in the past," commented Clark D. Stewart, President of the Company.

Our Business:

Butler National Corporation operates in the Aerospace and Services business segments. The Aerospace segment focuses on the manufacturing of support systems for "Classic" business, commercial, and military aircraft including the Butler National TSD for the Boeing 737 and 747 Classic aircraft, switching equipment for Boeing/Douglas Aircraft, weapon control systems for Boeing Helicopter and performance enhancement structural modifications for Learjet, Cessna, Dassault and Raytheon business aircraft. Services include electronic monitoring of water pumping stations, temporary employee services, Indian gaming services and administrative management services.

Forward-Looking Information:

The information set forth above may include "forward-looking" information as outlined in the Private Securities Litigation Reform Act of 1995. The Cautionary Statements, filed by the Company as Exhibit 99 to the Company's Annual Report on Form 10-K, are incorporated herein by reference and investors are specifically referred to such Cautionary Statements for a discussion of factors which could affect the Company's operations and forward-looking statements contained herein. These Risk Factors are also listed in Part I Item 1A of the company's Annual Report on Form 10-K.


FOR MORE INFORMATION CONTACT:
Craig D. Stewart, Investor Relations
Butler National Corporation
19920 W. 161st Street
Olathe, KS 66062
Direct Investor Relations [phone]
Phone office [phone]
Fax office [phone]

Jim Drewitz, Public Relations
[e-mail]
Public Relations Phone [phone]
[e-mail]

For more information, please visit the Company web site:

http://www.butlernational.com




SOURCE Butler National Corporation


Craig D. Stewart, Investor Relations of Butler National Corporation, Direct Investor
Relations, [phone], or [phone], or fax, [phone]; or Jim
Drewitz, Public Relations, [phone], or [e-mail], or
[e-mail] , for Butler National Corporation



http://www.butlernational.com

[OldPro]

nice news for BUKS today...

looks like it bodes well for the future.

[-Jean-]

Has good support at 0.6. Company could be buying at 58-64 cents a share imo.

[-Jean-]

CHARTS BUKS

http://bigcharts.marketwatch.com/charts/big.chart?symb=buks&compidx=aaaaa%