Will this dog ever hunt? I'm long at about twice where we are now. Biggest frustration is that management doesn't seem to care what the stock price is. There is no news that I ever see. No excitement. We should be better than we are. Does this outfit have any good plans? If Co. doesn't care why should anyone want to buy. I'm staying in hoping that someone at MAGSF will eventually wake up to the fact that they could be really good if they got with it. Hello!
Magal Security Systems Ltd. Announces Delivery of First Pallets Screening Machine
Shipment Added Benefit To Anticipated Good Second Quarter Results
YAHUD, Israel--(BUSINESS WIRE)--June 30, 1998-- Magal Security Systems, Ltd. (NASDAQ:MAGSF - news), announced today that it expects the
anticipated good financial results for the second quarter of 1998 to further benefit from the recent delivery and acceptance of one pallets screening machine, of an order of four. The remaining units are expected to be shipped later this year.
The original order, for US$3.2 million, for four pallets screening machines for the Israeli Customs Authority was delayed because the American sub-contractor was late in supplying certain critical electronic components.
Kobi Even-Ezra, Chairman and CEO, stated, ``After a long delay we are pleased that we have finally been able to deliver the first of several
pallets screening machines. This favorable development, and the expectation that the remaining pallets screening machines will be delivered this year, will make a good second quarter even better.''
This press release contains forward-looking statements which are subject to risks and uncertainties. Such statements are based on assumptions and expectations which may not be realized and are inherently subject to
risks and uncertainties, many of which cannot be predicted with accuracy and some of which might not even be anticipated. Future events and actual results, financial and otherwise, may differ from the results discussed in the forward-looking statements. A number of these risks and other factors that might cause differences, some of which could be
material, along with additional discussion of forward-looking statements, are set forth in the Company's Report on Form 8-K filed with the Securities and Exchange Commission.
Magal Security Systems, Ltd. is engaged in the development, manufacture and marketing of computerized security systems which automatically detect, locate and identify the nature of intrusions. Magal also manufactures and markets systems which automatically detect, locate and identify explosive devices in luggage, packages and other parcels. The Company's principal products include a detection system called AISYS, and a video motion detection system called DTS. Magal's products currently are used in more than 60 countries to protect national borders and sensitive facilities from terrorism, theft and other threats.
------------------------------------------------------------------------ Contact: Raya Asher, CFO MAGAL SECURITY SYSTEMS, LTD. 011-972-3-539-1444 or Stephen D. Axelrod, CFA Susan T. Bolen (Media) WOLFE AXELROD ASSOCIATES 212-370-4500; 212-370-4505 (fax) E-mail: email@example.com
Thanks for your post. This is exactly what we needed to get started in the right direction. Hopefully Management will understand how short the attention span is here in the US and will assure that they have visibility on a more regular basis. Those long times of quiet are deadly. There should be a lot to build on here including what sounds like good earnings next time. By the way does anyone know when next time is? Hopefully MAGSF will toot the horn loudly when they release good numbers.