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Pacific Insight Electronics Corp. Reports Loss in First Quarter
Friday, November 13, 2009

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Vancouver, BC, November 13, 2009--(T-Net)--Sales for the first quarter ended September 30, 2009 reached $5.65 million as compared to $7.34 million for the comparative quarter in 2008. When compared to last fiscal year's fourth quarter, PI experienced a 15% rise in sales or $730,000. The first quarter loss was $132,000 or 2 cents per share compared with net income of $155,000 or 3cents per share in the prior year. Although the marketplace is showing signs of recovery, PI's first quarter sales and overall performance continue to be impacted by the economic downturn.


Conservative growth and capital management strategies have provided the Company a solid and debt-free balance sheet. The steps taken over the past 18 months have prepared the Company to continue on a strong financial footing.


	    The following chart provides an overview of key financial results:
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For the three months ended
All figures in Canadian dollars ----------------------------------------
September September June
30, 2009 30, 2008 30, 2009
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Sales $5,651,318 $7,340,880 $4,923,565
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Net earnings (loss) ($132,229) $154,938 ($30,063)
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EPS fully diluted (2cents) 3cents (1cent)
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Pacific Insight provides leadership, planning, design and manufacture of innovative electronic solutions for the transportation industry. PI designs and distributes its products and services to original equipment manufacturers and distributors in the United States and Canada.


To view the September 30, 2009 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.


For further information


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


Pacific Insight Electronics

Nelson, BC (Other Tech Sectors)
195 Employees In BC (200 Total)
Founded: 1979 | Revenues: $29.20 Million

PI designs, manufactures and supplies electronic modules and complete system/service solutions for North American transportation industries.

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Pacific Insight Electronics

Posted: Nov 13, 2009

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