Ballistic Recovery Systems (BRS) Releases First Quarter 2005 Results
February 14 2005 - 3:30PM
PR Newswire (US)
Ballistic Recovery Systems (BRS) Releases First Quarter 2005
Results SOUTH ST. PAUL, Minn., Feb. 14 /PRNewswire-FirstCall/ --
Ballistic Recovery Systems, Inc. (OTC:BRSI) (BULLETIN BOARD: BRSI)
( http://brsparachutes.com/ ) today reported $1,866,623 in sales in
the first quarter fiscal 2005 ended December 31, 2004, which
represents a 25.3% increase over the $1,489,965 figure reported for
same period in fiscal 2004. Strong sales in Europe and an increase
in units shipped to Cirrus Design were the main contributors to
this increase. Bob Nelson, Chairman of the Board and BRS Chief
Executive Officer, said, "Our strong first-quarter results
underscore our long-term focus on targeted, quality revenue growth
with established business areas. We are successfully expanding our
markets and effectively leveraging international sales. This level
of sales allows us to continue our commitment to new research and
development." According to BRS President & COO, Larry E.
Williams, "Our new parachute system for the Cessna model 182
aircraft was FAA certified last July and early sales results
suggest that a significant number of newer model Cessna 182 owners
are interested in this system, which installed sells for about
$20,000." BRS continues in active discussions with additional
aviation aircraft manufacturers in both the US and Europe to adapt
the BRS parachute systems designed specifically for their
airplanes. These aircraft include the new category of Light Sport
Aircraft (LSA) which the FAA projects will grow in popularity
significantly by 2006 year end. Over the company's 25 year history,
BRS has sold nearly 20,000 of its whole-plane parachute systems;
and these have been documented to have saved over 177 lives. 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. DATASOURCE: Ballistic Recovery
Systems, Inc. CONTACT: Larry E. Williams of BRS, Inc.,
+1-651-457-7491, or fax, +1-651-457-8651, or Larry ; or Robb Leer,
+1-952-842-8133, or , for BRS, Inc. Web site:
http://brsparachutes.com/
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