AMITYVILLE, N.Y.--(BUSINESS WIRE)--November 12, 2008--NAPCO Security Systems, will announce its first quarter financial results on Monday, November 17, 2008 before the market opens. NAPCO will host a conference call for the investment community on Monday at 11:00 AM EST.
Interested parties may participate in the call by dialing (877) 407-8291; international callers dial (201) 689-8345 about 5 - 10 minutes prior to 11:00 AM EST. The conference call will also be available on replay starting at 3:00 PM EST on November 17, 2008 and ending on December 1, 2008. For the replay, please dial (877) 660-6853 (replay account #332, replay conference #303513). The access number for the replay for international callers is (201) 612-7415 (replay account #332, replay conference #303513).
As previously announced on October 31, 2008, net sales for the first fiscal quarter of 2009 increased approximately 25% to $17.4 million, up from the $13.9 million for the first quarter of Fiscal 2008. The increase of $3.5 million was primarily the result of the six weeks of revenues added from our Marks USAÂ acquisition as well as an increase in revenue in our existing business.
As a result of the additional time required to satisfy the one-time filing requirements associated with the integration of the financial statements of Marks into the Company's consolidated financial statements, the Company plans to file for a five day extension to file its Form 10-Q, which will then be filed on or before Monday, November 17, 2008.
We are continuing to integrate Marks into the NAPCO family of companies, which should improve this already accretive acquisition throughout the balance of fiscal 2009.