**Exhibit      99.1**

**For      Immediate Release**

***Universal      Security Instruments Reports First-Quarter      Results***

** **

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*“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.*

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**UNIVERSAL      SECURITY INSTRUMENTS, INC.**

**CONSOLIDATED      STATEMENT OF INCOME**

|                                                                            |   |  Three                Months Ended June 30, |               |
|---------------------------------------------------------------------------------|--------|--------------------------------------------------|--------------------|
|                                                                            |   |  2007                                       |               |  2006 |   |
| Sales                                                                           |   | $                                                | 12,955,431         |   | $ | 8,038,437 |   |
| Net                income                                                       |   |                                             | 791,002            |   |   | 1,577,468 |   |
| Income                per shareBasicDiluted                                     |   | $$                                               | 0.320.31           |   | $$ | 0.680.62 |   |
| Weighted                average number of common shares outstandingBasicDiluted |   |                                             | 2,479,9792,533,733 |   |   | 2,309,6012,534,371 |   |

**CONSOLIDATED      BALANCE SHEETS**

|                                                                                                                                                                                                                                                                   |   |  June                  30, |       |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------|------------|
|                                                                                                                                                                                                                                                              |   |  2007                      |       |  2006 |   |
| ASSETS                                                                                                                                                                                                                                                            |   |                            |       |   |   |   |   |
| Cash                                                                                                                                                                                                                                                              |   | $                               | 336,541    |   | $ | 2,520,233 |   |
| Accounts                  receivable and amount due from factor                                                                                                                                                                                                   |   |                            | 11,182,456 |   |   | 5,678,700 |   |
| Inventory                                                                                                                                                                                                                                                         |   |                            | 12,183,418 |   |   | 5,050,750 |   |
| Prepaid                  expenses                                                                                                                                                                                                                                 |   |                            | 349,192    |   |   | 443,500 |   |
| TOTAL                  CURRENT ASSETS                                                                                                                                                                                                                             |   |                            | 24,051,607 |   |   | 13,693,183 |   |
|                                                                                                                                                                                                                                                              |   |                            |       |   |   |   |   |
| INVESTMENT                  IN HONG KONG JOINT VENTURE                                                                                                                                                                                                            |   |                            | 9,672,034  |   |   | 8,193,838 |   |
|                                                                                                                                                                                                                                                              |   |                            |       |   |   |   |   |
| PROPERTY,                  PLANT AND EQUIPMENT - NET                                                                                                                                                                                                              |   |                            | 4,103,184  |   |   | 59,001 |   |
| DEFERRED                  TAXES AND OTHER ASSETS                                                                                                                                                                                                                  |   |                            | 826,419    |   |   | 491,868 |   |
| GOODWILL                                                                                                                                                                                                                                                          |   |                            | 1,890,304  |   |   | - |   |
| TOTAL                  ASSETS                                                                                                                                                                                                                                     |   | $                               | 40,543,548 |   | $ | 22,437,890 |   |
|                                                                                                                                                                                                                                                              |   |                            |       |   |   |   |   |
| LIABILITIES                  AND SHAREHOLDERS’ EQUITY                                                                                                                                                                                                       |   |                            |       |   |   |   |   |
|                                                                                                                                                                                                                                                              |   |                            |       |   |   |   |   |
| Notes                  payable                                                                                                                                                                                                                                    |   | $                               | 3,991,102  |   | $ | - |   |
| Accounts                  payable                                                                                                                                                                                                                                 |   |                            | 6,530,743  |   |   | 1,257,344 |   |
| Accrued                  liabilities                                                                                                                                                                                                                              |   |                            | 2,122,144  |   |   | 1,241,099 |   |
| TOTAL                  CURRENT LIABILITIES                                                                                                                                                                                                                        |   | $                               | 12,643,989 |   | $ | 2,498,443 |   |
|                                                                                                                                                                                                                                                              |   |                            |       |   |   |   |   |
| LONG                  TERM DEBT                                                                                                                                                                                                                                   |   |                            | 2,248,201  |   |   | - |   |
|                                                                                                                                                                                                                                                              |   |                            |       |   |   |   |   |
| SHAREHOLDERS’                  EQUITY                                                                                                                                                                                                                       |   |                            |       |   |   |   |   |
| Common                  stock, $.01 par value per share; authorized 20,000,000 shares;                  issued and                  outstanding 2,481,078 and 2,411,935 shares at June 30, 2007 and                  June 30,                  2006, respectively |   |                            | 24,822     |   |   | 18,090 |   |
| Additional                  paid-in capital                                                                                                                                                                                                                       |   |                            | 13,308,824 |   |   | 12,331,843 |   |
| Retained                  earnings                                                                                                                                                                                                                                |   |                            | 12,142,554 |   |   | 7,589,514 |   |
| Other                  comprehensive income                                                                                                                                                                                                                       |   |                            | 175,158    |   |   | - |   |
| TOTAL                  SHAREHOLDERS’ EQUITY                                                                                                                                                                                                                 |   |                            | 25,651,358 |   |   | 19,939,447 |   |
| TOTAL                  LIABILITIES AND SHAREHOLDERS’ EQUITY                                                                                                                                                                                                 |   | $                               | 40,543,548 |   | $ | 22,437,890 |   |
|                                                                                                                                                                                                                                                              |   |                            |

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