HRSH Hirsch International (MM)

Hirsch International Corp. (NASDAQ: HRSH, http://www.hirschinternational.com) today announced financial results for the first quarter ended March 31, 2009.

For the first quarter of 2009, net sales were $6.8 million, compared to $11.7 million in the first quarter of 2008. Net loss in the first quarter of 2009 was $2.7 million or $0.29 a diluted share as compared to net loss of $0.6 million or $0.07 per diluted share in the first quarter of 2008.

Gross profit for the first quarter of 2009 was $1.6 million, or 24% of net sales, compared to $3.9 million, or 34% of net sales, in the first quarter of 2008. Selling, general and administrative expenses for the first quarter of 2009 decreased by $0.6 million to $4.0 million from $4.7 million in 2008 primarily from the overall reduction in compensation expense. Operating expenses were $4.4 million as compared to $4.7 million which in 2009, included a non-cash impairment charge of $300,000 in U. S. Graphic Arts Inc.�s for its property and equipment.

Management Comment

Paul Gallagher, President and CEO of the Company, stated, �Our first quarter results reflect the market�s continued reluctance to buy capital equipment exacerbated by both the tightening of credit to those wishing to buy equipment and a healthy volume of later model used equipment available in the marketplace. The weakness was most evident in core embroidery product sales which decreased more than 60% over last year�s first quarter. While we continued to experience severe competitive pricing pressures we did see a modest improvement in the strength of the U.S. dollar as compared to the Japanese Yen.�

Mr. Gallagher continued, "As business conditions continue at these impossible levels we have accelerated our cost and expense reduction programs. 2009 is turning out to be a very tough year during which we will continue to take actions necessary to reduce the devastating effects of the depressed economy, credit markets, and the resulting turmoil in the decorated apparel marketplace. In the meantime, we will continue to provide the industry with the most innovative and highest quality products and the most advanced customer education and support systems available in the decorated apparel marketplace.�

Income Summary

� �

(Unaudited)

(in thousands, except EPS)

Three Months Ended

March 31, 2009 March 31, 2008 � Revenues $ 6,755 $ 11,692 � Gross Profit 1,639 3,948 % of Revenues 24% 34% � Operating Expenses: Selling, General and administrative 4,066 4,687 Impairment of Property and Equipment � 300 - Operating Expenses � 4,366 � 4,687 � Operating Loss � (2,727) � (739) � Other Expense (Income) � (4) � (105) � Net Loss Before Taxes (2,723) (634) � Income Tax Provision � 17 - � Net Loss $ (2,740) $ (634) � � Loss Per Share: � Basic $ (0.29) $ (0.07) � Diluted $ (0.29) $ (0.07) Balance Sheet

(in thousands)

� March 31, 2009 December 31, 2008

(unaudited)

Cash

$ 2,579 $ 4,852 Accounts Receivable, net 4,238 4,961 Inventories, net 6,750 8,527 Other Current Assets 562 258 Property, Plant & Equipment, net 1,527 1,915 Other Assets � 560 � 517 Total Assets $ 16,216 $ 21,030 � Accounts Payable & Accrued Expenses $ 5,296 $ 7,071 Customer Deposits 512 852 Other Liabilities � 57 � 48 Total Liabilities 5,865 7,971 � Stockholders� Equity � 10,351 � 13,059 � Total Liabilities and Stockholders� Equity $ 16,216 $ 21,030

About Hirsch International Corp.

Hirsch is a leading provider of equipment and education and support services to the graphic and decorated apparel industry. The Company exclusively represents the decorated apparel industry�s leading brands including Tajima embroidery equipment, MHM screen printing equipment, SEIT textile bridge lasers, Pulse Microsystems digitizing and design software and now Kornit and Mimaki digital garment printers, and through its U.S. Screen and Inkjet Technologies subsidiary, T-Jet digital garment printers and a full line of screenprint and digital print support products. Hirsch�s and US Screen�s customer groups include: a wide range of contract manufacturers that outsource their embellishment requirements; manufacturers who use embroidery, screenprinting, laser etching or digital printing to embellish their apparel and fashion accessories; promotional products, uniform, and sportswear companies; retail stores; and graphic and decorated apparel entrepreneurs servicing the athletic apparel, corporate logo-wear, and advertising specialties markets.

The Company is led by a strong and experienced management team focused on continuing to grow its core business through sound acquisitions of products and processes, as well as through related business ventures in which the Company can build and maximize stockholder value. The Company was founded in 1968 and is headquartered in Hauppauge, N.Y.

Safe Harbor Statement

This press release contains forward-looking statements which are made pursuant to the safe harbor provisions set within the meaning of the Private Securities Litigation Reform Act of 1995. Except for historical information contained herein, the matters set forth in this news release are forward-looking statements. Readers should note that forward-looking statements set forth above involve a number of risks and uncertainties that could cause actual results to differ materially from any such statement, including, without limitation, the risks and uncertainties discussed under the caption �Risk Factors� in the Company�s Form 10-K for calendar 2008, which may be updated by our subsequent periodic reports, which discussion is incorporated herein by reference. Readers are also urged to read the periodic filings and current reports on Form 8-K of the Company.