Pacific Insight Electronics Corp. Announces Fourth Quarter and Year-end Results

Trading Symbol: PIH

VANCOUVER, Sept. 28, 2011 /CNW/ - Pacific Insight Electronics Corp. today announced the results for the fourth quarter and year ended June 30, 2011. Sales for the fourth quarter ended June 30, 2011 were $8.465 million, an increase of 4% from $8.116 million for the comparative quarter ended June 30, 2010. Sales for the year ended June 30, 2011 were $32.783 million, an increase of 12% from $29.191 million for the comparative period ending June 30, 2011. Fourth quarter results reported a net loss of $19,000 or 0¢ per share compared with net income of $316,000 or 6¢ per share in the prior year fourth quarter. The net income for fiscal year 2011 was $163,000 or 3¢ per share compared with net income of $531,000 or 9¢ per share in the prior year.

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 full June 30, 2011 Audited 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.


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