Ballistic Recovery Systems (BRS) Releases Third Quarter Fiscal Results

  
    
  
  
    
      Ballistic Recovery Systems, Inc. (BRSI)(OTCBB:BRSI)(BRSparachutes.com), 
      a manufacturer of whole-airplane parachute recovery systems for general 
      aviation and recreational aircraft, today reported a 28.6% increase in 
      third quarter income before taxes over the same period a year ago. The 
      Company showed $81,824 in income before taxes for the quarter ending 
      June 30, 2007 compared with $63,604 for the quarter ending June 30, 2006.
    
    
      Third-Quarter Highlights
    
    
      
        Total sales increased $137,872, or 5.6% from $2,468,209 for the three 
        months ended June 30, 2006 to $2,606,081 for the three months ended 
        June 30, 2007.
      
      
        On a year-to-date basis, sales increased $208,498 or 3.1% from 
        $6,691,717 for the nine months ended June 30, 2006 to $6,900,215 for 
        the nine months ended June 30, 2007.
      
      
        Sales from the Company’s general aviation 
        products, which consist primarily of sales to Cirrus, increased 
        $178,315 or 9.9% for the third quarter.
      
      
        Sales from the Company’s general aviation 
        products accounted for 76.2% of total revenue for the three months 
        ended June 30, 2007.
      
      
        Sales from the Company’s recreational and 
        LSA products decreased $72,366 or 11.0% for the third quarter ending 
        June 30, 2007.
      
      
        The Company announced agreements for four new BRS general aviation 
        aircraft installation applications and four new LSA installation 
        approvals.
      
    
    
      "Our focus on superior customer service and execution has resulted in a 
      banner quarter and we are pleased net revenue is up as expected,” 
      BRS CEO Larry Williams said. “With our 
      execution and consistency in the third quarter, we are able to report 
      stronger income over fiscal year 2006. While we experienced some 
      softness in sport/recreational product sales compared to last fiscal 
      year, the third quarter marked several new announcements on new product 
      applications, including the Diamond DA50 and the Lancair Evolution. We 
      also achieved several important strategic and operational milestones in 
      the quarter that will further strengthen BRS for the future. We remain 
      committed to our Company’s growth by providing 
      our customers with products that deliver the best quality, application 
      and value in the business.”
    
    
      Chief Financial Officer Donald Hedquist added, “We 
      are very pleased with our results in the third quarter. By targeting our 
      efforts and focusing on the primary drivers of our business, we have 
      been able to maintain our aggressive product development efforts to meet 
      customer demand. We were also able to make unscheduled principle 
      payments this quarter to reduce debt and at the same time we have 
      continued with our accelerated new product development schedule.”
    
    
      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. Ballistic Recovery 
      Systems is now a publicly traded company (BRS or BRSI-BRSparachutes.com) 
      and has delivered more than 27,000 parachute systems to aircraft owners 
      around the world including over 3,500 systems on certified aircraft like 
      the Cirrus Design SR-20 and SR-22. To date, BRS parachute recovery 
      systems have been credited with saving the lives of more than 203 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]