BRSI Ballistic Recovery Systems Inc (CE)

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 (LarryWilliams@BRSparachutes.com) TEL 651.457.7491; FAX 651.457.8651