Thursday, May 1, 2008

Air Industries Group Reports Record Financial Results for Fiscal Year 2007

Air Industries Group, Inc. (OTCBB: AIRI) today announced financial results for the fourth quarter and full year ended December 31, 2007.

Financial Performance Highlights for Fiscal Year 2007:

-- Net Sales Increased to Record $46.1 Million, Up 40% from 2006

-- Gross Profit Margin Increased to Record 27.6%, Up from 15.2% in 2006

-- Gross Profit Increased to Record $12.7 Million, Up 152% from Prior Year

-- EBITDA to Record $4.4 Million, an Increase of 110% from $2.1 Million in 2006

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