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Re: None

Monday, 08/15/2011 10:20:36 AM

Monday, August 15, 2011 10:20:36 AM

Post# of 9921
-- Net Sales from the quarter were $9.1 million.
-- Selling, General and Administrative expenses were further reduced by
11.7% reflecting the Company's continuing efforts to reduce costs while
improving efficiency and productivity.
-- Depreciation and Amortization were reduced significantly because the
Company wrote off all of the intangible assets at the end of the last
fiscal year.
-- Cash provided from operations was $270,000 which represents an
improvement of $383,800 over the prior year.
-- Total operating expenses were reduced to 22% from 26.7% from last year
reflecting an improvement of 21%.