**Exhibit      99.1**

|                                                          | **For                  Immediate Release** |
|----------------------------------------------------------|--------------------------------------------|
| Contact:                  Harvey Grossblatt, CEO         |
| Universal                  Security Instruments, Inc.    |
| 410-363-3000,                  Ext. 224                  |
| or                                                       |
| Don                  Hunt, Jeff Lambert                  |
| Lambert,                  Edwards & Associates, Inc. |
| 616-233-0500                                             |

**Universal      Security Instruments**

**Reports      Three and Nine Month Results**

*--      more --*

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**Universal/Page      2**

**UNIVERSAL      SECURITY INSTRUMENTS, INC.**

**CONSOLIDATED      STATEMENT OF INCOME**

|                                                                    |   | (UNAUDITED)                                         |       |
|-------------------------------------------------------------------------|--------|-----------------------------------------------------|------------|
|                                                                    |   | Three Months Ended December 31, |       |
|                                                                    |   | 2007                                                |       | 2006 |   |
| Sales                                                                   |   | $                                                   | 9,120,408  |   | $ | 8,620,893 |   |
| Net                    (loss) income                                    |   |                                                | (1,635,789 | ) |   | 1,712,883 |   |
| (Loss)                    income per share                              |   |                                                |       |   |   |   |   |
| Basic                                                                   |   | $                                                   | (0.66      | ) | $ | 0.71 |   |
| Diluted                                                                 |   | $                                                   | (0.66      | ) | $ | 0.68 |   |
| Weighted                    average number of common shares outstanding |   |                                                |       |   |   |   |   |
| Basic                                                                   |   |                                                | 2,489,132  |   |   | 2,417,972 |   |
| Diluted                                                                 |   |                                                | 2,489,132  |   |   | 2,514,536 |   |

|                                                                    |   | (UNAUDITED)                                        |       |
|-------------------------------------------------------------------------|--------|----------------------------------------------------|------------|
|                                                                    |   | Nine Months Ended December 31, |       |
|                                                                    |   | 2007                                               |       | 2006 |   |
| Sales                                                                   |   | $                                                  | 35,754,833 |   | $ | 24,655,342 |   |
| Net                    (loss)income                                     |   |                                               | (526,647   | ) |   | 4,699,262 |   |
| (Loss)                    income per share                              |   |                                               |       |   |   |   |   |
| Basic                                                                   |   | $                                                  | (0.21      | ) | $ | 1.97 |   |
| Diluted                                                                 |   | $                                                  | (0.21      | ) | $ | 1.88 |   |
| Weighted                    average number of common shares outstanding |   |                                               |       |   |   |   |   |
| Basic                                                                   |   |                                               | 2,484,254  |   |   | 2,380,163 |   |
| Diluted                                                                 |   |                                               | 2,484,254  |   |   | 2,499,175 |   |

**CONSOLIDATED          BALANCE SHEET**

| ASSETS                                                                                                                                                                                                                                                                                        |   | December 31, |       |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------|------------|
|                                                                                                                                                                                                                                                                                          |   | 2007              |       | 2006 |   |
| Cash                                                                                                                                                                                                                                                                                          |   | $                 | 4,278,484  |   | $ | 533,882 |   |
| Accounts                      receivable and amount due from factor                                                                                                                                                                                                                           |   |              | 7,887,844  |   |   | 6,400,511 |   |
| Inventory                                                                                                                                                                                                                                                                                     |   |              | 9,063,823  |   |   | 9,854,960 |   |
| Prepaid                      expenses                                                                                                                                                                                                                                                         |   |              | 320,098    |   |   | 383,026 |   |
| TOTAL                      CURRENT ASSETS                                                                                                                                                                                                                                                     |   |              | 21,550,249 |   |   | 17,172,379 |   |
| INVESTMENT                      IN HONG KONG JOINT VENTURE                                                                                                                                                                                                                                    |   |              | 10,627,300 |   |   | 9,031,410 |   |
| PROPERTY                      AND EQUIPMENT - NET                                                                                                                                                                                                                                             |   |              | 4,721,565  |   |   | 2,679,077 |   |
| OTHER                      ASSETS AND DEFERRED TAX ASSET                                                                                                                                                                                                                                      |   |              | 652,907    |   |   | 964,421 |   |
| GOODWILL                                                                                                                                                                                                                                                                                      |   |              | -          |   |   | 1,508,718 |   |
| TOTAL                      ASSETS                                                                                                                                                                                                                                                             |   | $                 | 37,552,021 |   | $ | 31,356,005 |   |
|                                                                                                                                                                                                                                                                                          |   |              |       |   |   |   |   |
| LIABILITIES                      AND SHAREHOLDERS’ EQUITY                                                                                                                                                                                                                               |   |              |       |   |   |   |   |
|                                                                                                                                                                                                                                                                                          |   |              |       |   |   |   |   |
| Notes                      and lease obligation payable                                                                                                                                                                                                                                       |   | $                 | 5,164,246  |   | $ | 2,129,604 |   |
| Accounts                      payable and accrued expenses                                                                                                                                                                                                                                    |   |              | 6,519,077  |   |   | 3,620,956 |   |
| Accrued                      liabilities                                                                                                                                                                                                                                                      |   |              | 1,408,650  |   |   | 2,149,165 |   |
| TOTAL                      CURRENT LIABILITIES                                                                                                                                                                                                                                                |   |              | 13,091,973 |   |   | 7,899,725 |   |
| LONG                      TERM OBLIGATIONS                                                                                                                                                                                                                                                    |   |              | 182,720    |   |   | 55,810 |   |
| MINORITY                      INTEREST                                                                                                                                                                                                                                                        |   |              | -          |   |   | - |   |
| SHAREHOLDERS’                      EQUITY                                                                                                                                                                                                                                               |   |              | -          |   |   | - |   |
| Common                      stock, $.01 par value per share; authorized 20,000,000 shares;                      issued and                      outstanding 2,489,132 and 2,420,573 shares at December 31,                      2007 and                      December 31, 2006, respectively |   |              | 24,912     |   |   | 18,181 |   |
| Additional                      paid-in capital                                                                                                                                                                                                                                               |   |              | 13,454,967 |   |   | 12,767,187 |   |
|                                                                                                                                                                                                                                                                                          |   |              |       |   |   |   |   |
| Retained                      earnings                                                                                                                                                                                                                                                        |   |              | 11,036,884 |   |   | 10,711,308 |   |
| Other                      comprehensive income (loss)                                                                                                                                                                                                                                        |   |              | (239,435   | ) |   | (96,206 | ) |
| TOTAL                      SHAREHOLDERS’ EQUITY                                                                                                                                                                                                                                         |   |              | 24,277,328 |   |   | 23,400,470 |   |
| TOTAL                      LIABILITIES AND SHAREHOLDERS’ EQUITY                                                                                                                                                                                                                         |   | $                 | 37,552,021 |   | $ | 31,356,005 |   |

**7-A          GWYNNS MILL COURT • OWINGS MILLS, MARYLAND 21117, USA**

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