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Sunday, 05/16/2010 1:44:51 PM

Sunday, May 16, 2010 1:44:51 PM

Post# of 86
Integrated Security Systems, Inc. Reports Second Quarter Results

CARROLLTON, Texas -- Integrated Security Systems, Inc. (OTCBB:IZZI) today reported results for its fiscal 2010 second quarter ended December 31, 2009.

"Management's Discussion and Analysis of Financial Condition and Results of Operations"

For the fiscal 2010 second quarter, the Company reported a net loss of $49,000 compared to a net loss of $463,000 in the prior year period. This improvement in earnings occurred despite a decline in sales of 11.1% from the second quarter of fiscal 2009. Sales for the second quarter of fiscal 2010 were $1.8 million, $227,000 less than the second quarter of fiscal 2009. The sales decline occurred in the Company's road and bridge business, which declined by 23% since the year-ago quarter. Sales in the Company's perimeter barrier business rose 1% from the second quarter of fiscal 2009. The improvement in net loss was primarily due to a reduction in interest expense.

Mr. Brooks Sherman, Chairman and CEO, commented, "We are pleased that the Company is now performing at a near breakeven level after years of incurring significant losses. Management is now able to shift its focus to increasing sales and developing new products, rather than strictly survival. While liquidity continues to be a concern as the Company is dependent on factoring its accounts receivable, operating cash flow was stable for the first six months of fiscal 2010."

http://houston.citybizlist.com/yourcitybiznews/detail.aspx?id=67392

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