Taylor Devices Announces Third Quarter and Nine Month Results

NORTH TONAWANDA, N.Y., April 14 -- Taylor Devices, Inc. announced today that it had third quarter net earnings of $365,009, up significantly from last year's third quarter earnings of $238,171. Net Earnings for the first nine months were $826,548, up substantially from last year's first nine months net earnings of $532,458.

Sales for the third quarter were $4,926,252, up from last year's third quarter sales of $4,604,636. Sales for the first nine months were $13,610,843, up appreciably from last year's $12,429,113.

"At this time last year, I commented that our sales for the first nine months were up over $1.8 million over the comparable 2006 period," stated Douglas P. Taylor, President. He continued, "This year, I'm pleased to report that our first nine month sales are up another approximately $1.2 million from last year's healthy level." He concluded, "We expected another very strong year and we're getting one."

Taylor Devices, Inc. is a 53-year-old company engaged in the design, development, manufacture & marketing of shock absorption, rate control and energy storage devices for use in various types of vehicles, machinery, equipment & structures. The company continues to achieve growth in the developing seismic protection field and in the isolation of wind-induced vibrations.

  Third Quarter
  (3 months ended 02/29/08 & 02/28/07)     F/Y 08                F/Y 07

  Sales                                 $ 4,926,252           $ 4,604,636
  Net Earnings                          $   365,009           $   238,171
  Earnings per Share                    $       .12           $       .08
  Shares Outstanding                      3,156,061             3,151,423

  Nine Months
  (9 months ended 02/29/08 & 02/28/07)     F/Y 08                F/Y 07

  Sales                                 $13,610,843           $12,429,113
  Net Earnings                          $   826,548           $   532,458
  Earnings per Share                    $       .26           $       .17
  Shares Outstanding                      3,156,061             3,151,423

  Taylor's website can be visited at:  www.taylordevices.com
  Taylor Devices, Inc.