Ballistic Recovery Systems (BRS) Releases Second Quarter Fiscal 2007 Results

  
    
  
  
    
      Ballistic Recovery Systems, Inc. (BRS) (OTCBB:BRSI)(BRSparachutes.com), 
      a manufacturer of whole-airplane parachute recovery systems for general 
      aviation and recreational aircraft, announced today a total of 
      $2,182,872 in sales for the second quarter of fiscal year 2007 ended 
      March 31, 2007 and year to date sales of $4,294,135 for the six months 
      ended March 31, 2007. These totals represents a decrease of $133,762 
      from the $2,316,634 reported for the second quarter of FY 2006, and an 
      increase of 1.67% over the $4,223,508 in sales reported for the first 
      two quarters of FY 2006. The Company reported income before income taxes 
      of $14,059 for the second quarter and $43,351 year to date for fiscal 
      year 2007 compared to a loss before income taxes of ($45,494) for the 
      second quarter and ($96,829) year to date for fiscal year 2006.
    
    
      Commenting on the results, Larry E. Williams, Chief Executive Officer 
      said, “We are pleased the second quarter 
      performance shows continued strength in the core business. We were able 
      to both increase year to date revenue and show a continuation of 
      profitability. We will continue to undertake more investment in 
      operations and engineering to respond to strong market demand.”
    
    
      Chief Financial Officer Donald Hedquist said, “We 
      have started to reinvest more money into expanding our product lines to 
      meet an increasing demand. Our Tijuana sewing facility has recently 
      increased hiring and is working seven days a week to fill demand for 
      parachute systems. We expect to begin seeing decreases in inventory as 
      we transition more business to the BRS owned facility.”
    
    
      BRS is a South St. Paul, Minnesota, based company that designs, 
      manufactures and distributes whole-plane emergency parachute systems for 
      use on general aviation and recreational aircraft. Since 1981, BRS has 
      delivered more than 25,000 parachute systems to aircraft owners around 
      the world including over 3,300 systems on certified aircraft like the 
      Cirrus Design aircraft manufactured in Duluth, Minnesota. The company 
      has its products as a standard item on the #1 LSA aircraft, Flight 
      Design CT. To date, BRS parachute recovery systems have been credited 
      with saving the lives of 201 pilots and passengers.
    
    
      The forward looking matters discussed here should be considered subject 
      to risks and uncertainties, including market fluctuations, pricing, 
      procurement, manufacturing efficiencies, and other risks that could 
      cause the actual results to differ materially from those projected. For 
      more information, review the company’s filings 
      with the Securities and Exchange Commission, particularly the Company’s 
      annual report on Form 10-KSB.
    
    
      For more information on BRS contact: Larry E. Williams; BRS, Inc: 
      Fleming Field, 300 Airport Road; South St. Paul MN 55075; USA ([e-mail]) 
      TEL [phone]; FAX [phone]