EXHIBIT 99.1

[GRAPHIC OMITED: NEWS FROM USI]

                                                           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 POSTS INCREASES
                    IN SALES AND EARNINGS FOR THIRD QUARTER

                        SALES GROW 52%; EARNINGS RISE 61%

OWINGS  MILLS,  MD,  February 14, 2005 - Universal  Security  Instruments,  Inc.
(AMEX:  UUU) today announced  sharply  improved sales and earnings for its third
quarter ended  December 31, 2004. The Company cited  continued  strength in core
product  sales  and  solid  contributions  from its  50-percent-owned  Hong Kong
manufacturing joint venture as key drivers.

The  Owings  Mills,  MD-based  designer  and  marketer  of safety  and  security
equipment  posted net  earnings  for the  quarter of $793,569 or $0.49 per basic
share ($0.45 per diluted share),  on net sales of $5,849,144,  compared with net
earnings of $493,792, or $0.33 per basic share ($0.29 per diluted share), on net
sales of $3,838,192 for the prior year's third quarter.

For  the  nine  months  ended  December  31,  2004,  sales  rose 31  percent  to
$17,346,147  versus  $13,258,624  for the same  period  last year.  The  Company
reported  that net  earnings  rose 23 percent to  $2,571,184  or $1.62 per basic
share  ($1.45 per diluted  share),  compared to net earnings of  $2,086,737,  or
$1.39 per basic share ($1.22 per diluted share), for the same period last year.

Universal  said it  continued  to gain  market  share  during the quarter in the
electrical  distribution channel through its USI ELECTRIC subsidiary.  Sales for
the period were up across its core product lines, including ground fault circuit
interrupters  (GFCI),  smoke and carbon  monoxide  alarms and door  chimes.  The
Company also made  additional  progress in advancing its retail sales  strategy,
effectively  growing that channel by targeting  smaller regional retail accounts
currently underserved by other manufacturers.

"We are pleased with our results,  and believe they reflect what we think is our
ongoing  ability  to  make  the  most  of  opportunities  we are  seeing  in the
marketplace.  Our customer-driven product designs,  quality of manufacturing and
service flexibility all continued to work in our favor," said Harvey Grossblatt,
chief executive officer of Universal Security Instruments.

Grossblatt continued, "Particular areas of strength were sales of GFCI units and
our recently  introduced  combination  smoke and carbon monoxide alarm unit. Our
Hong Kong Joint  Venture  also  performed  well and is scheduled to open its new
250,000-square-foot  manufacturing  facility in the Fujian  province of Southern
China during the March/April timeframe."

Grossblatt  added that Universal's  50-percent-owned  Hong Kong Joint Venture is
continuing to work towards a possible Hong Kong Stock  Exchange  initial  public
offering in 2005. "The Hong Kong Joint Venture recently determined it would wait
until the completion of the audit of its current  fiscal year,  ending March 31,
2005, in order to pursue a listing. We will continue to keep the market informed
on this issue as developments  merit.  However,  no assurances can be given that
these steps will result in an initial  public  offering  for the Hong Kong Joint
Venture," he said.

UNIVERSAL SECURITY INSTRUMENTS,  INC. is a U.S.-based  manufacturer (through its
Hong Kong Joint Venture) and distributor of safety and security devices. Founded
in 1969,  the  Company  has a 36-year  heritage  of  developing  innovative  and
easy-to-install products,  including smoke, fire and carbon monoxide alarms. For
more  information  on  Universal  Security  Instruments,  visit our  website  at
www.universalsecurity.com.

                                   ----------

                                   -- MORE --

            7-A GWYNNS MILL COURT O OWINGS MILLS, MARYLAND 21117, USA
                   (410) 363-3000 O WWW.UNIVERSALSECURITY.COM
<PAGE>

Universal/Page 2

                      UNIVERSAL SECURITY INSTRUMENTS, INC.
                        CONSOLIDATED STATEMENT OF INCOME

<TABLE>
<CAPTION>
                                                                                                (UNAUDITED)
                                                                                    Three Months Ended December 31,
                                                                                    -------------------------------
                                                                                          2004              2003
                                                                                      ------------      ------------
<S>                                                                                   <C>               <C>
Sales                                                                                 $  5,849,144      $  3,838,192
Net income*                                                                                793,569           493,792
Income per share
      Basic                                                                           $       0.49      $       0.33
      Diluted                                                                         $       0.45      $       0.29
Weighted average number of common shares outstanding
      Basic                                                                              1,621,582         1,524,276
      Diluted                                                                            1,777,876         1,724,693

<CAPTION>
                                                                                     (UNAUDITED)
                                                                                    Nine Months Ended December 31,
                                                                                    ------------------------------
                                                                                              2004              2003
                                                                                      ------------      ------------
<S>                                                                                   <C>               <C>
Sales                                                                                 $ 17,346,147      $ 13,258,624
Net income*                                                                              2,571,184         2,086,737
Income per share
      Basic                                                                           $       1.62      $       1.39
      Diluted                                                                         $       1.45      $       1.22
Weighted average number of common shares outstanding
      Basic                                                                              1,588,959         1,505,033
      Diluted                                                                            1,769,927         1,714,545
</TABLE>

*     Due to the tax benefit  carryforward of prior years' operating  losses, no
      tax liability was incurred

                           CONSOLIDATED BALANCE SHEET

<TABLE>
<CAPTION>
                                  ASSETS                                                      December 31,
                                                                                              ------------
                                                                                          2004              2003
                                                                                      ------------      ------------
<S>                                                                                   <C>               <C>
Cash                                                                                  $     61,068      $    218,705
Accounts receivable and amount due from factor                                           3,241,805         2,704,218
Inventory                                                                                4,895,497         2,844,327
Prepaid expenses                                                                           237,628           187,879
                                                                                      ------------      ------------
TOTAL CURRENT ASSETS                                                                     8,435,998         5,955,129
INVESTMENT IN HONG KONG JOINT VENTURE                                                    5,972,252         4,651,661
PROPERTY AND EQUIPMENT - NET                                                                82,352            87,141
OTHER ASSETS AND DEFERRED TAX ASSET                                                         60,185            11,472
                                                                                      ------------      ------------
TOTAL ASSETS                                                                          $ 14,550,787      $ 10,705,403

                          LIABILITIES AND SHAREHOLDERS' EQUITY

Accounts payable and accrued expenses                                                 $  1,553,387      $  1,283,601
Accrued liabilities                                                                      1,012,395           690,884
Current obligations under capital lease                                                         --            19,095
                                                                                      ------------      ------------
TOTAL CURRENT LIABILITIES                                                                2,565,782         1,993,580
                                                                                      ------------      ------------
LONG TERM DEBT                                                                                  --                --
SHAREHOLDERS' EQUITY
Common stock, $.01 par value per share; authorized 20,000,000 shares;
 issued and outstanding 1,630,345 and 1,551,456 shares at December 31,
 2004 and December 31, 2003,
respectively                                                                                16,305            15,515
Additional paid-in capital                                                              11,403,676        11,186,757
Retained earnings (deficit)                                                                565,024        (2,490,449)
                                                                                      ------------      ------------
TOTAL SHAREHOLDERS' EQUITY                                                              11,985,005         8,711,823
                                                                                      ------------      ------------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY                                            $ 14,550,787      $ 10,705,403
</TABLE>

All shares have been  adjusted to reflect  the  4-for-3  stock split  payable on
April 5, 2004.

      "Safe Harbor" Statement under the Private Securities Litigation Reform Act
      of 1995:  Certain  matters  discussed in this news release may  constitute
      forward-looking  statements  within the meaning of the federal  securities
      laws that  inherently  include  certain  risks and  uncertainties.  Actual
      results could differ materially from those projected in or contemplated by
      the  forward-looking  statements  due to a number of  factors,  including,
      among  other  items,  our and our Hong  Kong  Joint  Venture's  respective
      ability to maintain operating  profitability,  currency fluctuations,  the
      impact of current and future laws and governmental  regulations  affecting
      us and our  Hong  Kong  Joint  Venture  and  other  factors  which  may be
      identified  from time to time in our  Securities  and Exchange  Commission
      filings  and  other  public   announcements.   We  do  not  undertake  and
      specifically   disclaim  any  obligation  to  update  any  forward-looking
      statements to reflect occurrence of anticipated or unanticipated events or
      circumstances  after  the  date of such  statements.  We will  revise  our
      outlook from time to time and frequently  will not disclose such revisions
      publicly.