BRSI Ballistic Recovery Systems Inc (CE)

Ballistic Recovery Systems, Inc. (OTCBB:BRSI) announced that it has closed on $1,327,000 gross proceeds of a private placement as part of a $3 million offering of its equity securities through a private placement agent. Pursuant to such offering, BRS issued 975,736 shares of common stock and five year warrants to purchase 243,934 shares of common stock at $2.00 per share. This press release does not constitute an offer to sell or a solicitation of an offer to buy and securities of BRS. The securities sold in these issuances were not registered under the Securities Act and therefore may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. 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 23,000 parachute systems to aircraft owners around the world including over 2,900 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 198 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 651.457.7491; FAX 651.457.8651 Ballistic Recovery Systems, Inc. (OTCBB:BRSI) announced that it has closed on $1,327,000 gross proceeds of a private placement as part of a $3 million offering of its equity securities through a private placement agent. Pursuant to such offering, BRS issued 975,736 shares of common stock and five year warrants to purchase 243,934 shares of common stock at $2.00 per share. This press release does not constitute an offer to sell or a solicitation of an offer to buy and securities of BRS. The securities sold in these issuances were not registered under the Securities Act and therefore may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. 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 23,000 parachute systems to aircraft owners around the world including over 2,900 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 198 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 651.457.7491; FAX 651.457.8651