PACIFIC INSIGHT ELECTRONICS CORP. ANNOUNCES THIRD QUARTER RESULTS

Trading Symbol: PIH

VANCOUVER, May 12 /CNW/ - Sales for the third quarter ended March 31, 2011 were $8.305 million, an increase of 4% from $8.019 million for the comparative quarter ended March 31, 2010. Sales for the nine months ended March 31, 2011 were $24.318 million, an increase of 15% from $21.075 million for the comparative 9 month period ending March 31, 2010. Third quarter results reported net income of $219,079 or 4 ¢ per share compared with net income of $324,087 or 5 ¢ per share in the prior year third quarter. Year to date results for the nine months ending March 31, 2011 reported net income of $180,127 or 3 ¢ per share compared with net income of $214,383 or 3 ¢ per share in the prior year nine month period ending March 31, 2010.

Pacific Insight Electronics Corp. (PI) designs, manufactures and delivers electronic products and full service solutions to the heavy truck, automotive and specialty markets. PI designs and distributes its products and services to original equipment manufacturers and distributors in the United States and Canada.

The information in this news release was prepared in accordance with Canadian generally accepted accounting principles. To view the March 31, 2011 Financial Statements and Management Discussion & Analysis please visit www.pacificinsight.com or www.SEDAR.com.

THE TSX HAS NOT REVIEWED AND DOES NOT ACCEPT THE RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. MANAGEMENT ACCEPTS FULL RESPONSIBILITY FOR THE INFORMATION CONTAINED HEREIN.

SOURCE Pacific Insight Electronics Corp.

For further information:

Email enquiries may be sent directly to investor@pacificinsight.com or via telephone: 1-800-995-1155.


FORFAITS PERSONNALISÉS

Jetez un coup d’œil sur nos forfaits personnalisés ou créez le vôtre selon vos besoins de communication particuliers.

Commencez dès aujourd'hui .

ADHÉSION À CNW

Remplissez un formulaire d'adhésion à CNW ou communiquez avec nous au 1-877-269-7890.

RENSEIGNEZ-VOUS SUR LES SERVICES DE CNW

Demandez plus d'informations sur les produits et services de CNW ou communiquez avec nous au 1‑877-269-7890.