Optex Systems Adds Supplemental Information to August 13, 2009 Press Release to Include GAAP Equivalent Numbers
RICHARDSON, Texas, Nov. 25, 2009 (GLOBE NEWSWIRE) -- In a release issued on August 13, 2009 Optex Systems Holdings, Inc. (OTCBB:OPXS) reported that it increased its EBITDA by $2.4 million in the nine months ended June 28, 2009 as compared to the nine months ended June 29, 2009. In order to conform the information in compliance with Regulation G, promulgated under the Securities Exchange Act of 1934, the Company is providing a reconciliation to the nearest GAAP equivalent numbers as follows:
9 months ended 9 months ended
June 28, 2009 June 29, 2008
$ in millions
Net Loss After Taxes - GAAP $ (0.6) $ (1.6)
Add:
Interest Expense $ 0.2 $ 0.2
Federal Income Taxes 0.4 --
Depreciation & Amortization 1.6 0.6
EBITDA - Non GAAP $ 1.6 $ (0.8)
Safe Harbor Statement
This press release and other written reports and oral statements made from time to time by the Company may contain so-called "forward-looking statements," all of which are subject to risks and uncertainties. You can identify these forward-looking statements by their use of words such as "expects," "plans," "will," "estimates," "forecasts," "projects" and other words of similar meaning. You can identify them by the fact that they do not relate strictly to historical or current facts. These statements are likely to address the Company's growth strategy, financial results and product and development programs. You must carefully consider any such statement and should understand that many factors could cause actual results to differ from the Company's forward-looking statements. These factors include inaccurate assumptions and a broad variety of other risks and uncertainties, including some that are known and some that are not. No forward-looking statement can be guaranteed and actual future results may vary materially. The Company does not assume the obligation to update any forward-looking statement. You should carefully evaluate such statements in light of factors described in the Company's filings with the SEC, especially on Forms 10-K, 10-Q and 8-K. In various filings, the Company has identified important factors that could cause actual results to differ from expected or historic results. You should understand that it is not possible to predict or identify all such factors. Consequently, you should not consider any such list to be a complete list of all potential risks or uncertainties.
Contact:
ZA Consulting, Inc.
David Zazoff
212.505.5976
Released November 25, 2009