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 First-Quarter Results





OWINGS
MILLS, MD, August 12, 2009  –  Universal Security
Instruments, Inc. (NYSE Amex: UUU) today announced results for its fiscal first
quarter ended June 30, 2009.




The
Owings Mills, MD-based designer and marketer of safety and security
equipment reported its net income rose for the quarter to $611,465, or $0.25 per
basic and diluted share, from $403,480, or $0.16 per basic and diluted share,
for the comparable quarter last year. Sales for its first quarter were
$5,914,905 compared to $6,192,801 for last year. Results for the first quarter
of 2009 include an increase in the Company’s Hong Kong Joint Venture earnings of
$428,335.  Included in this increase is the recognition by the Company
of a $246,180 gain on intercompany sales of inventory from prior periods which,
in accordance with GAAP, may only be recognized as income upon sales by the
Company to customers, and a gain on currency holdings of $117,050. Included in
last year’s results was a charge of $53,659 from discontinued
operations.





"We
are cautiously optimistic that the housing market has turned the corner and
demand for our USI Electric line of products has stabilized at lower
levels.  At the same time, we continue to increase market share in the
retail segment of our operation. We are very pleased with the results from our
first quarter, especially during this difficult and challenging operating
environment. We also have been highly focused on strengthening our balance
sheet, while aggressively pursuing new opportunities,” said CEO, Harvey
Grossblatt.





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 40-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.











"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.





--
more --





Universal/Page
2





UNIVERSAL
SECURITY INSTRUMENTS, INC.


CONSOLIDATED STATEMENTS OF
INCOME


(UNAUDITED)




Three Months Ended June 30,2009
                
                
                2008Sales
                
                $
                5,914,905
                
                
                $
                6,192,801Net
      income from continuing operations
                
                
                611,465
                
                
                
                457,139Income
      per share from continuing operations:Basic
                
                
                0.25
                
                
                
                0.18Diluted
                
                
                0.25
                
                
                
                0.18Loss
      from discontinued operations
                
                
                -
                
                
                
                (53,659
                )Loss
      per share from discontinued operations:Basic
                
                
                (0.00
                )
                
                
                (0.02
                )Diluted
                
                
                (0.00
                )
                
                
                (0.02
                )Net
      income:
                
                $
                611,465
                
                
                $
                403,480Net
      income per share – basic
                
                $
                0.25
                
                
                $
                0.16Net
      income per share – diluted
                
                $
                0.25
                
                
                $
                0.16Weighted
      average number of common shares outstanding:Basic
                
                
                2,417,338
                
                
                
                2,487,867Diluted
                
                
                2,422,379
                
                
                
                2,487,867




CONSOLIDATED BALANCE
SHEETS





June 30, 2009
                    
                    
                    March 31, 2009ASSETSCash
                    
                    $
                    934,820
                    
                    
                    $
                    284,030Accounts
      receivable and amount due from factor
                    
                    
                    4,704,299
                    
                    
                    
                    5,076,217Inventory
                    
                    
                    7,407,697
                    
                    
                    
                    8,997,231Prepaid
      expenses
                    
                    
                    252,059
                    
                    
                    
                    255,745Assets
      held for sale
                    
                    
                    69,988
                    
                    
                    
                    202,565TOTAL
      CURRENT ASSETS
                    
                    
                    13,368,863
                    
                    
                    
                    14,815,788INVESTMENT
      IN HONG KONG JOINT VENTURE
                    
                    
                    11,271,479
                    
                    
                    
                    10,550,373PROPERTY,
      PLANT AND EQUIPMENT – NET
                    
                    
                    240,148
                    
                    
                    
                    251,366OTHER
      ASSETS AND DEFERRED TAX ASSET
                    
                    
                    2,208,392
                    
                    
                    
                    2,160,151TOTAL
      ASSETS
                    
                    $
                    27,088,882
                    
                    
                    $
                    27,777,678LIABILITIES
      AND SHAREHOLDERS’ EQUITYAccounts
      payable and accrued expenses
                    
                    $
                    1,900,734
                    
                    
                    $
                    2,761,438Accrued
      liabilities
                    
                    
                    536,125
                    
                    
                    
                    752,452Liabilities
      held for sale
                    
                    
                    69,988
                    
                    
                    
                    202,565TOTAL
      CURRENT LIABILITIES
                    
                    
                    2,506,847
                    
                    
                    
                    3,716,455LONG
      TERM OBLIGATION
                    
                    
                    96,034
                    
                    
                    
                    95,324SHAREHOLDERS’
      EQUITY:Common
      stock, $.01 par value per share; authorized20,000,000
      shares; issued and outstanding 2,387,887at
      June 30, 2009 and 2,408,220 at March 31, 2009
                    
                    
                    23,879
                    
                    
                    
                    24,083Additional
      paid-in capital
                    
                    
                    13,096,862
                    
                    
                    
                    13,186,436Retained
      earnings
                    
                    
                    11,365,260
                    
                    
                    
                    10,755,380TOTAL
      SHAREHOLDERS’ EQUITY
                    
                    
                    24,486,001
                    
                    
                    
                    23,965,899TOTAL
      LIABILITIES AND SHAREHOLDERS’ EQUITY
                    
                    $
                    27,088,882
                    
                    
                    $
                    27,777,678