Optelecom-NKF Reports 19% Revenue Increase in First Quarter 2008

GERMANTOWN, Md. , April 30 /PRNewswire-FirstCall/ -- Optelecom-NKF, Inc. (Nasdaq: OPTC), a leading global supplier of advanced video surveillance solutions, today announced results for its first quarter ended March 31, 2008 . Revenue for...


GERMANTOWN, Md. , April 30 /PRNewswire-FirstCall/ -- Optelecom-NKF, Inc. (Nasdaq: OPTC), a leading global supplier of advanced video surveillance solutions, today announced results for its first quarter ended March 31, 2008 .

Revenue for the quarter advanced to $10.5 million, an increase of 19% compared to the same quarter last year. Gross profit increased to $6.5 million, up 31% for the three months ended March 31, 2008 . Operating expenses were $5.9 million for the quarter ended March 31, 2008 compared to $5.0 million in the first quarter of 2007.

Income from Operations for the current quarter increased to $512 thousand compared to a loss from Operations of $51 thousand reported for the first quarter in 2007. After including interest expense and income taxes the Company reported net income of $148 thousand, or $0.04 per diluted share, for the first quarter of 2008. This compares to a net loss of $258 thousand, or ($0.07) per diluted share, for the first quarter of 2007.

"We reported solid first quarter 2008 sales marking our third straight quarter of double digit growth," said Edmund Ludwig , Optelecom-NKF's President and CEO. "Our markets are currently witnessing a key technological transition toward network-enabled surveillance solutions. The jump in sales for what is our seasonally slowest quarter demonstrates the increased momentum of our business."

"Revenue for the first quarter increased 19% with growth in both our domestic and international markets," added Steven Tamburo , Optelecom-NKF's Chief Financial Officer. "We continue to experience strong acceptance of our global IP Surveillance products and solutions. Our recent addition of a Siqura(R) camera line demonstrates our product development capability in these rapidly growing markets."

First Quarter Conference Call

Optelecom-NKF President and CEO Edmund Ludwig will lead a conference call to discuss first quarter results at 10:00 a.m. Eastern Time , Thursday, May 1, 2008 .

Interested parties are welcome to call 800-638-4817 (International Dial In: 617-614-3943) and request the "Optelecom-NKF conference call" shortly before the designated start time or provide the participant passcode 25071317. The telephone conference call will feature a question and answer segment with management. For those parties unable to participate in the live conference call, a replay will be available from noon following the teleconference until May 8, 2008 . Those wishing to listen to the replay should call 888-286-8010 (International Dial In: 617-801-6888) and enter passcode 25737680 when prompted.

The call is being web cast by CCBN and can be accessed at www.earnings.com or at Optelecom-NKF's website www.optelecom-nkf.com.

About Optelecom-NKF

Optelecom-NKF, Inc. (Nasdaq: OPTC), is a global supplier of advanced video surveillance solutions, including IP cameras, video servers/codecs, network video recorders, fiber transmission equipment, video management and video analytics software. We deliver complete solutions for traffic management and security of airports, seaports, casinos, prisons, utilities, public transport, city centers, hospitals, and corporate campuses.

Founded in 1972, Optelecom-NKF is committed to providing its customers with expert technical advice and support in addition to products that are developed and tested for professional and mission critical applications. All Optelecom-NKF IP surveillance solutions are marketed under the Siqura(R) name.

The Optelecom-NKF corporate headquarters is in Germantown, Maryland , USA, with European corporate offices in Gouda, The Netherlands , and sales offices or support covering Latin America , France , Spain , the UK, Germany , Italy , Dubai , and Singapore .

Forward-Looking Statements

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