October 30, 2012 at 08:28 AM EDT
Digital Ally, Inc. Announces Third Quarter Operating Results
Gross Profit Margin Improves to 56.9% vs. 51.4% in Prior-Year Quarter

OVERLAND PARK, KS -- (Marketwire) -- 10/30/12 -- Digital Ally, Inc. (NASDAQ: DGLY), which develops, manufactures and markets advanced video surveillance products for law enforcement, homeland security and commercial applications, today announced its operating results for the third quarter and first nine months of 2012. An investor conference call is scheduled for 11:15 a.m. EDT today, October 30, 2012 (see details below).

Third Quarter Highlights:

  • Third quarter revenue of $4.6 million was unchanged from second quarter levels and 22% above first quarter levels.
  • Gross profit margin improved to 56.9% of revenue in third quarter vs. 53.8% in second quarter and 51.4% in prior-year period.
  • SG&A expenses declined 14% from prior-year period exclusive of litigation settlement.
  • Net income improved to $270,040, including litigation settlement, vs. prior-year net loss of ($162,918).
  • New products generated 17% of revenue vs. 11% in second quarter and 5% a year earlier.
  • Reverse stock split implemented in third quarter to maintain compliance with Nasdaq listing requirements.

For the three months ended September 30, 2012, the Company's revenue declined 21% to approximately $4.6 million, compared with revenue of approximately $5.8 million in the third quarter of 2011. However, revenue in the most recent quarter was virtually unchanged from $4.6 million in the second quarter of 2012 and was approximately 22% higher than revenue in the first quarter of 2012.

Gross profit declined 12% to $2,617,310 in the quarter ended September 30, 2012, compared with $2,989,496 in the year-earlier quarter. When compared with the second quarter of 2012, however, gross profit increased approximately 6%, due to an improvement in gross profit margin to 56.9% in the three months ended September 30, 2012 versus 53.8% in three months ended June 30, 2012 and 51.4% in the third quarter of 2011. The continued improvement in gross profit margin was primarily due to lower component costs resulting from the Company's supplier cost reduction initiative that was first implemented in 2011. Better outsourcing, including from foreign sources, allowed the Company to lower component costs for products sold. Furthermore, the Company continued to improve production overhead costs through headcount and other cost reductions. The Company's goal is to continue to improve gross margins during the balance of 2012 through the supply chain initiative, reduced manufacturing overhead, increased sales volumes and an improved product mix, the benefits of which may be partially offset by increased price competition in the in-car video system market.

Selling, General and Administrative ("SG&A") expenses decreased 26% in the most recent quarter to $2,281,294, compared with $3,081,936 in the third quarter of 2011. The reduction in SG&A expenses reflects a net litigation settlement credit of $365,065 in the third quarter of 2012, along with lower research and development costs, stock-based compensation expense and general and administrative expenses. Excluding the net litigation settlement credit, SG&A expenses related to operations decreased 14% from the year-earlier period. The continued improvement in SG&A expenses resulted from the Company's cost containment and reduction initiative that was first implemented in 2011. The net litigation credit resulted from the settlement of a lawsuit against a former contract manufacturer and its insurer totaling $610,000, partially offset by legal fees incurred in defense of the lawsuit and additional legal fees and related expenses involving earlier court rulings and a judgment against Digital Ally in the Z3 Technology lawsuit that it is appealing.

The Company reported operating income of $336,016 in the most recent quarter, primarily due to the inclusion of the net litigation settlement credit. This represents the first quarter that the Company has reported both operating and net income since the fourth quarter of 2009. In the prior-year quarter, the Company reported an operating loss of ($92,440).

Interest income declined to $2,247 and the Company incurred $68,223 of interest expense on borrowings in the third quarter of 2012. Interest income and interest expense totaled $5,703 and $76,181, respectively, in the quarter ended September 30, 2011.

Pretax and net income improved to $270,040 in the three months ended September 30, 2012, compared with a pretax and net loss of ($162,918) in the three months ended September 30, 2011. Pretax and net income in the most recent quarter was attributable to improved gross margins, lower operational SG&A expenses, and the net litigation settlement credit noted above. No income tax provision or benefit was recorded for the third quarters in either 2012 or 2011. The Company expects to continue to maintain a full valuation allowance on its deferred tax assets, including net operating loss carry forwards, until it determines that it can sustain a level of profitability that demonstrates its ability to realize such assets.

The Company reported net income of $0.13 per diluted share for the quarter ended September 30, 2012, compared with a net loss of ($0.08) per share in the third quarter of 2011. The weighted average number of shares outstanding totaled 2,035,564 in the three months ended September 30, 2012, compared with 2,018,824 shares in the three months ended September 30, 2011. All per-share figures and the number of shares outstanding have been adjusted to reflect a 1-for-8 reverse stock split that was effective on August 24, 2012.

On a non-GAAP basis, the Company reported adjusted net income (before income taxes, depreciation, amortization, interest expense, net litigation settlement credit, and stock-based compensation), a non-GAAP financial measure, of $263,616, or $0.13 per diluted share, in the quarter ended September 30, 2012, versus adjusted net income of $453,590, or $0.22 per diluted share, in the quarter ended September 30, 2011. (Non-GAAP adjusted net income is described in greater detail in a table at the end of this press release).

"While third quarter total revenue was virtually unchanged from second quarter levels due to a challenging economy, which negatively impacted state, county and municipal government budgets that fund our law enforcement customers, we are encouraged that sales in both our second and third quarters were approximately 22% higher than in the first quarter of 2012," stated Stanton E. Ross, Chief Executive Officer of Digital Ally, Inc. "I am particularly pleased to report that sales of recently released products contributed 17% of total sales in the most recent quarter, compared with only 5% in the year-earlier period. Our reorganized law enforcement sales force is beginning to gain traction in the marketplace, and we are optimistic that this will be reflected in a resumption in domestic sales growth in 2013. We also replaced our international sales manager during the second quarter of 2012 and believe this will result in stronger foreign sales in the future. Outside the law enforcement industry, our DVM-250 and DVM-250 Plus event recorders have generated significant interest among operators of ambulances, taxis and other commercial fleets, and prospects for higher non-law-enforcement sales should continue to improve in coming quarters."

"Revenue growth remains our greatest challenge, as our team of dedicated employees has been extremely successful in reducing production costs and other expenses during the past several quarters," continued Ross. "This is evident in our ability to increase gross profit margins by 13.9 percentage points since the fourth quarter of 2011, to 56.9% of revenue in the three months ended September 30, 2012. When combined with our success in reducing corporate overhead expenses, the Company expects to realize benefits from operating leverage with even modest revenue growth. Looking towards the future, we are cautiously optimistic that a more stable market for law enforcement equipment, combined with higher international sales and continued growth in sales of new products, offer the potential for 2013 to be a 'turnaround year' for Digital Ally."

For the nine months ended September 30, 2012, the Company's revenue decreased 15% to approximately $13.0 million, compared with revenue of approximately $15.3 million in the first nine months of 2011.

Gross profit improved 2% to $7,089,590 in the first nine months of 2012, compared with $6,930,826 in the year-earlier period. Gross profit margin widened to 54.6% of revenue in the nine months ended September 30, 2012, versus 45.3% in nine months ended September 30, 2011.

Selling, General and Administrative ("SG&A") expenses decreased 10% in the most recent nine-month period to $8,361,284, compared with $9,253,383 in the nine months ended September 30, 2011. Net litigation charges and expenses totaled $289,017 in the nine months ended September 30, 2012 and were associated with the Z3 Technologies litigation, partially offset by a net litigation settlement credit in the third quarter of 2012. No litigation charges or credits were recognized in the first nine months of 2011. Excluding the net litigation charges and expenses, SG&A expenses related to operations decreased 13% to $8,072,267 during the first nine months of 2012, versus $9,253,383 in the nine months ended September 30, 2011.

The Company reported a reduction in operating loss, which totaled ($1,271,694) in the nine months ended September 30, 2012, due to improved gross margins and lower operational SG&A expenses, partially offset by $289,017 in net litigation charges and expenses. In the prior-year period, the Company reported an operating loss of ($2,322,557). Excluding the net litigation charges and expenses, the Company's operating loss for the first nine months of 2012 was approximately 58% lower than the operating loss for the first nine months of 2011.

Interest income declined to $7,026 and the Company incurred $219,222 of interest expense on borrowings in the nine months ended September 30, 2012. Interest income and interest expense totaled $12,464 and $135,017, respectively, in the nine months ended September 30, 2011.

The Company reported a pretax and net loss of ($1,483,890) in the nine months ended September 30, 2012, compared with a pretax and net loss of ($2,445,110) in the nine months ended September 30, 2011. No income tax provision or benefit was recorded for the nine-month periods in either 2012 or 2011. The Company expects to continue to maintain a full valuation allowance on its deferred tax assets, including net operating loss carry forwards, until it determines that it can sustain a level of profitability that demonstrates its ability to realize such assets.

The Company reported a net loss of ($0.73) per share for the nine months ended September 30, 2012, compared with a net loss of ($1.21) per share in the first nine months of 2011. The weighted average number of shares outstanding totaled 2,026,933 in the nine months ended September 30, 2012, compared with 2,018,693 shares in the nine months ended September 30, 2011. All per-share figures and the number of shares outstanding have been adjusted to reflect a 1-for-8 reverse stock split that was effective on August 24, 2012.

On a non-GAAP basis, the Company reported an adjusted net loss (before income taxes, depreciation, amortization, interest expense, net litigation charges and expenses, and stock-based compensation), a non-GAAP financial measure, of ($71,645), or ($0.04) per share, in the nine months ended September 30, 2012, versus an adjusted net loss of ($913,740), or ($0.45) per share, in the nine months ended September 30, 2011. (Non-GAAP adjusted loss is described in greater detail in a table at the end of this press release).

Non-GAAP Financial Measures
Digital Ally, Inc. has provided financial information in this release that has not been prepared in accordance with GAAP. This information includes non-GAAP adjusted net income (loss). Digital Ally uses such non-GAAP financial measures internally in analyzing its financial results and believes they are useful to investors, as a supplement to GAAP measures, in evaluating Digital Ally's ongoing operational performance. Digital Ally believes that the use of these non-GAAP financial measures provides an additional tool for investors to evaluate ongoing operating results and trends and in comparing its financial measures with other companies in Digital Ally's industry, many of which present similar non-GAAP financial measures to investors. As noted, the non-GAAP financial measures discussed above exclude certain non-cash expenses/income including: (1) income tax expense/benefit, (2) depreciation and amortization expense, (3) interest expense, (4) litigation charges (credits) and related expenses, and (5) share-based compensation expense.

Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. Investors are encouraged to review the reconciliation of these non-GAAP measures to their most directly comparable GAAP financial measure as detailed above. As previously mentioned, a reconciliation of GAAP to the non-GAAP financial measures has been provided in the tables included as part of this press release.

Investor Conference Call

The Company will host an investor conference call at 11:15 a.m. Eastern Daylight Time (EDT) today, October 30, 2012, to discuss its operating results, along with other topics of interest. Shareholders and other interested parties may participate in the conference call by dialing 877-374-8416 (international participants dial 412-317-6716) and asking to be connected to the "Digital Ally, Inc. Conference Call" a few minutes before 11:15 a.m. EDT today, October 30, 2012.

A replay of the conference call will be available one hour after the completion of the conference call until 9:00 a.m. on December 28, 2012 by dialing 877-344-7529 (international participants dial 412-317-0088) and entering the conference ID 10019858.

About Digital Ally, Inc.

Digital Ally, Inc. develops, manufactures and markets advanced technology products for law enforcement, homeland security and commercial applications. The Company's primary focus is digital video imaging and storage. For additional information, visit www.digitalallyinc.com

The Company is headquartered in Overland Park, Kansas, and its shares are traded on The Nasdaq Capital Market under the symbol "DGLY".

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, actual results could differ materially from the forward-looking statements contained in this press release. A wide variety of factors that may cause actual results to differ from the forward-looking statements include, but are not limited to, the following: whether the Company will be able to improve its revenues and operating results during the balance of 2012 and in 2013 given the current economic environment; whether it will be able to achieve improved production and other efficiencies to continue to increase its gross and operating margins; whether the federal economic stimulus funding for law enforcement agencies will have a positive impact on the Company's revenue; the Company's ability to deliver its new product offerings as scheduled, including its ability to obtain the required components and products on a timely basis, and have them perform as planned; its ability to maintain or expand its share of the markets for its products in which it competes; whether there will be a commercial market, domestically and internationally, for one or more of its new products; whether the Company's new products, including the DVM-250 Video Event Recorder, will continue to generate an increasing portion of its total sales; whether its reorganized domestic and international sales force will result in a rebound in revenues in and outside of the U.S.; whether the Company will be able to adapt its technology to new and different uses, including being able to introduce new products; competition from larger, more established companies with far greater economic and human resources; its ability to attract and retain customers and quality employees; the effect of changing economic conditions; and changes in government regulations, tax rates and similar matters. These cautionary statements should not be construed as exhaustive or as any admission as to the adequacy of the Company's disclosures. The Company cannot predict or determine after the fact what factors would cause actual results to differ materially from those indicated by the forward-looking statements or other statements. The reader should consider statements that include the words "believes", "expects", "anticipates", "intends", "estimates", "plans", "projects", "should", or other expressions that are predictions of or indicate future events or trends, to be uncertain and forward-looking. The Company does not undertake to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise. Additional information respecting factors that could materially affect the Company and its operations are contained in its annual report on Form 10-K for the year ended December 31, 2011, and its quarterly report on Form 10-Q for the three and nine months ended September 30, 2012 to be filed with the Securities and Exchange Commission.

(Financial Highlights Follow)


                             DIGITAL ALLY, INC.
                   CONDENSED CONSOLIDATED BALANCE SHEETS
                  SEPTEMBER 30, 2012 AND DECEMBER 31, 2011
                                (Unaudited)

                                               September 30,   December 31,
                                                    2012           2011
                                               -------------  -------------
                    Assets
Current assets:
  Cash and cash equivalents                    $     460,115  $   2,270,393
  Accounts receivable-trade, less allowance
   for doubtful accounts of $89,253 - 2012 and
   $125,000 - 2011                                 2,565,138      2,853,049
  Accounts receivable-other                          688,746        104,318
  Inventories                                      7,152,992      6,683,289
  Prepaid expenses                                   360,443        302,318
                                               -------------  -------------

    Total current assets                          11,227,434     12,213,367
                                               -------------  -------------

Furniture, fixtures and equipment                  4,321,014      4,073,713
Less accumulated depreciation and amortization     3,633,697      3,212,827
                                               -------------  -------------

                                                     687,317        860,886
                                               -------------  -------------

Restricted cash                                      662,500              -
Intangible assets, net                               215,882        226,802
Other assets                                         218,668         97,854
                                               -------------  -------------

  Total assets                                 $  13,011,801  $  13,398,909
                                               =============  =============

     Liabilities and Stockholders' Equity
Current liabilities:
  Accounts payable                             $   1,087,826  $     847,036
  Accrued expenses                                   664,891        833,260
  Capital lease obligation - current                  29,692              -
  Income taxes payable                                 4,076         21,046
  Customer deposits                                    1,878         31,899
                                               -------------  -------------

    Total current liabilities                      1,788,363      1,733,241
                                               -------------  -------------


Long-term liabilities:
  Subordinated notes payable-long-term, net of
   discount of $113,386 and $142,711               2,386,614      2,357,289
  Litigation accrual -long term                      530,000              -
  Capital lease obligation -long term                 58,007              -
                                               -------------  -------------

    Total long term liabilities                    2,974,621      2,357,289
                                               -------------  -------------

Commitments and contingencies
Stockholders' equity:
  Common stock, $0.001 par value; 9,375,000
   shares authorized; sharesissued: 2,099,082
   - 2012 and 2,082,832 - 2011                         2,099          2,083
  Additional paid in capital                      23,164,406     22,740,094
  Treasury stock, at cost (shares: 63,518 -
   2012 and 63,518 - 2011)                        (2,157,226)    (2,157,226)
  Accumulated deficit                            (12,760,462)   (11,276,572)
                                               -------------  -------------

    Total stockholders' equity                     8,248,817      9,308,379
                                               -------------  -------------

    Total liabilities and stockholders' equity $  13,011,801  $  13,398,909
                                               =============  =============

(FOR ADDITIONAL INFORMATION, PLEASE REFER TO THE COMPANY'S QUARTERLY REPORT ON FORM 10-Q FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2012 FILED WITH THE SEC)


                             DIGITAL ALLY, INC.
              CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                    FOR THE THREE AND NINE MONTHS ENDED
                        SEPTEMBER 30, 2012 AND 2011
                                (Unaudited)


                         Three months ended           Nine months ended
                            September 30,               September 30,
                     --------------------------  --------------------------
                         2012          2011          2012          2011
                     ------------  ------------  ------------  ------------

Product revenue      $  4,357,023  $  5,620,823  $ 12,337,709  $ 14,817,639
Other revenue             239,745       197,070       642,312       473,200
                     ------------  ------------  ------------  ------------

Total revenue           4,596,768     5,817,893    12,980,021    15,290,839
Cost of revenue         1,979,458     2,828,397     5,890,431     8,360,013
                     ------------  ------------  ------------  ------------

  Gross profit          2,617,310     2,989,496     7,089,590     6,930,826
Selling, general and
 administrative
 expenses:
  Research and
   development
   expense                627,146       719,773     1,804,932     2,139,277
  Selling,
   advertising and
   promotional
   expense                716,996       655,267     1,990,138     1,664,584
  Stock-based
   compensation
   expense                139,995       192,221       381,432       636,069
  Litigation charge
   (credit) and
   related expenses      (365,065)            -       289,017             -
  General and
   administrative
   expense              1,162,222     1,514,675     3,895,765     4,813,453
                     ------------  ------------  ------------  ------------

Total selling,
 general and
 administrative
 expenses               2,281,294     3,081,936     8,361,284     9,253,383
                     ------------  ------------  ------------  ------------

  Operating income
   (loss)                 336,016       (92,440)   (1,271,694)   (2,322,557)
                     ------------  ------------  ------------  ------------


Interest income             2,247         5,703         7,026        12,464
Interest expense          (68,223)      (76,181)     (219,222)     (135,017)
                     ------------  ------------  ------------  ------------

Income (loss) before
 income tax benefit       270,040      (162,918)   (1,483,890)   (2,445,110)
Income tax benefit              -             -             -             -
                     ------------  ------------  ------------  ------------

Net income (loss)    $    270,040  $   (162,918) $ (1,483,890) $ (2,445,110)
                     ============  ============  ============  ============

Net loss per share
 information:
  Basic              $       0.13  $      (0.08) $      (0.73) $      (1.21)
  Diluted            $       0.13  $      (0.08) $      (0.73) $      (1.21)

Weighted average
 shares outstanding:
  Basic                 2,035,564     2,018,824     2,026,933     2,018,693
  Diluted               2,035,564     2,018,824     2,026,933     2,018,693

(FOR ADDITIONAL INFORMATION, PLEASE REFER TO THE COMPANY'S QUARTERLY REPORT ON FORM 10-Q FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2012 FILED WITH THE SEC)


                             DIGITAL ALLY, INC.
     RECONCILIATION OF NET LOSS TO NON-GAAP ADJUSTED NET INCOME (LOSS)
                    FOR THE THREE AND NINE MONTHS ENDED
                        SEPTEMBER 30, 2012 AND 2011
                                (unaudited)

                         Three Months Ended           Nine Months Ended
                            September 30,               September 30,
                     --------------------------  --------------------------
                         2012          2011          2012          2011
                     ------------  ------------  ------------  ------------

Net income (loss)    $    270,040  $   (162,918) $ (1,483,890) $ (2,445,110)
Non-GAAP
 adjustments:
  Stock-based
   compensation           139,995       192,221       381,432       636,069
  Depreciation and
   amortization           150,423       348,106       522,574       760,284
  Litigation charge
   (credit) and
   related expenses      (365,065)            -       289,017             -
  Interest expense         68,223        76,181       219,222       135,017
                     ------------  ------------  ------------  ------------

Non-GAAP
 adjustments, net          (6,424)      616,508     1,412,245     1,531,370
                     ------------  ------------  ------------  ------------


Non-GAAP adjusted
 net income (loss)   $    263,616  $    453,590  $    (71,645) $   (913,740)
                     ============  ============  ============  ============


Non-GAAP adjusted
 net loss per share
 information:
Basic                $       0.13  $       0.22  $      (0.04) $      (0.45)
Diluted              $       0.13  $       0.22  $      (0.04) $      (0.45)

Weighted average
 shares outstanding:
Basic                   2,035,564     2,018,824     2,026,933     2,018,693
Diluted                 2,035,564     2,018,824     2,026,933     2,018,693

(FOR ADDITIONAL INFORMATION, PLEASE REFER TO THE COMPANY'S QUARTERLY REPORT ON FORM 10-Q FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2012 FILED WITH THE SEC)


                             DIGITAL ALLY, INC.
              CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
           FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2012 AND 2011
                                (Unaudited)

                                                      Nine months ended
                                                        September 30,
                                                 --------------------------
                                                     2012          2011
                                                 ------------  ------------
Cash Flows From Operating Activities:
  Net loss                                       $ (1,483,890) $ (2,445,110)
  Adjustments to reconcile net loss to net cash
   flowsused in operating activities:
    Depreciation and amortization                     522,574       760,284
    Stock based compensation                          381,432       636,069
    Provision for inventory obsolescence             (190,444)       13,662
    Provision for doubtful accounts receivable        (35,747)        4,700
                                                                          -
  Change in assets and liabilities:
  (Increase) decrease in:
    Accounts receivable - trade                       323,658       817,490
    Accounts receivable - other                      (584,428)      159,805
    Inventories                                      (279,259)    2,925,403
    Prepaid expenses                                  (54,135)       17,950
    Other assets                                     (120,814)       (9,265)

  Increase (decrease) in:
    Accounts payable                                  240,790    (1,892,863)
    Accrued expenses                                 (168,369)       36,336
    Litigation accrual                                530,000             -
    Income taxes payable                              (16,970)      (14,350)
    Customer deposits                                 (30,021)         (764)
                                                 ------------  ------------

  Net cash (used in) provided by operating
   activities                                        (965,623)    1,009,347
                                                 ------------  ------------

Cash Flows from Investing Activities:
  Purchases of furniture, fixtures and equipment     (152,541)     (229,555)
  Additions to intangible assets                      (22,553)      (23,977)
  Restricted cash for appealed litigation            (662,500)            -
                                                 ------------  ------------

  Net cash used in investing activities              (837,594)     (253,532)
                                                 ------------  ------------

Cash Flows from Financing Activities:
  Proceeds from issuance of subordinated note
   payable                                                  -     1,500,000
  Change in line of credit                                  -    (1,500,000)
  Deferred issuance costs for subordinated note
   payable                                                  -       (75,000)
  Payments on capital lease obligation                 (7,061)            -
                                                 ------------  ------------

  Net cash used in financing activities                (7,061)      (75,000)
                                                 ------------  ------------

Net increase (decrease) in cash and cash
 equivalents                                       (1,810,278)      680,815
Cash and cash equivalents, beginning of period      2,270,393       623,475
                                                 ------------  ------------

Cash and cash equivalents, end of period         $    460,115  $  1,304,290
                                                 ============  ============

Supplemental disclosures of cash flow
 information:
  Cash payments for interest                     $    151,846  $     60,109
                                                 ============  ============

  Cash payments for income taxes                 $     16,970  $          -
                                                 ============  ============

Supplemental disclosures of non-cash investing
 and financing activities:

  Restricted common stock grant                  $         16  $         10
                                                 ============  ============

  Capital expenditures financed by capital lease
   obligations                                   $     94,760  $          -
                                                 ============  ============

  Transfer of demonstration equipment from
   inventory to equipment                        $          -  $    434,317
                                                 ============  ============

(FOR ADDITIONAL INFORMATION, PLEASE REFER TO THE COMPANY'S QUARTERLY REPORT ON FORM 10-Q FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2012 FILED WITH THE SEC)

For Additional Information, Please Contact:

Stanton E. Ross
CEO
(913) 814-7774

RJ Falkner & Company, Inc.
Investor Relations Counsel
(800) 377-9893
info@rjfalkner.com

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