Ballistic Recovery Systems (BRS) Releases First Quarter Fiscal 2007 Results.SOUTH ST. PAUL St. Paul as a missionary he fearlessly confronts the “perils of waters, of robbers, in the city, in the wilderness.” [N.T.: II Cor. 11:26] See : Bravery , Minn. -- Ballistic Recovery Systems Ballistic Recovery Systems (commonly BRS) is a company that was formed in 1980 by Boris Popov after he survived a 400 foot fall in a partly collapsed hang glider in 1975. , Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BRSI) (BRSparachutes.com), a manufacturer of whole-airplane parachute recovery systems for general aviation and recreational aircraft, announced today a total of $2,111,263 in sales for the first quarter of fiscal year 2007 ended December 31, 2006. This total represents an increase of 10.7% over the $1,906,874 in sales reported for the same quarter in FY 2006. The Company reported income before taxes of $29,292 for the quarter ended December 31, 2006 compared to a loss before taxes of ($51,335) for the quarter ending December 31, 2005. Commenting on the results, Larry E. Williams, Chief Executive Officer said, "We are pleased with our first quarter performance as well as our ability to achieve consistent growth in revenue and a continuation of profitability. Market acceptance of whole airplane emergency recovery parachutes continues to grow and we will undertake more investment in operations and engineering to respond to this market demand." Chief Financial Officer Donald Hedquist said, "We are excited about the direction our Company is going. The recent early retirement of the majority of our long-term debt Long-Term Debt Loans and financial obligations lasting over one year. Notes: For example debts obligations such as bonds and notes which have maturities greater than one year would be considered long-term debt. will allow us to begin reinvesting more money into expanding our product lines to meet an increasing demand." BRS BRS - Big Red Switch. This abbreviation is fairly common on-line. is a South St. Paul, Minnesota South St. Paul is a city in Dakota County, Minnesota, approximately 10km south-southeast of the city of Saint Paul, Minnesota. It is also southeast of West St. Paul, Minnesota. The population was 20,167 at the 2000 census. , 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 3,000 systems on certified aircraft like the Cirrus Design aircraft manufactured in Duluth, Minnesota. To date, BRS parachute recovery systems have been credited with saving the lives of 199 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 (LarryWilliams@BRSparachutes.com) TEL TEL Telephone TEL Telegram TEL Telugu (langauge) TEL Terrorist Exclusion List TEL Technology-Enhanced Learning TEL Transporter-Erector-Launcher TEL Tetra-Ethyl Lead TEL Team Deutsche Telekom 651.457.7491; FAX 651.457.8651 |
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