Of all the security plays that have rocketed lately you will notice that MAGS was one of the first to move. It is probably the best company of all the small float stocks that have risen. Read the release from their latest product release.
Magal Security Systems Ltd. Announces 2003 Fourth Quarter and Year-End Results Tuesday February 10, 12:01 am ET - 2003 Revenues Increases 38% to a Record of $59.4 Million - - Operating Income up 85% from the year 2002 - With the reduction in costs of SIS 2004 is going to be another great year for NET INCOME.
By developing this product, Magal is entering a new area of activity. We refer to the DreamBox�s target market as an �add-on� market for Magal and believe that this product is substantially broadening the Company�s target markets. As an example, we are entering the field of Digital Video Recording, which is only one of the DreamBox�s applications out of many.�