|     | Exhibit 99.1        For Immediate ReleaseContact:  Harvey Grossblatt, CEOUniversal Security Instruments, Inc.410-363-3000, Ext. 224orDon Hunt, Jeff LambertLambert, Edwards & Associates, Inc.616-233-0500 |
|---------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|                                                  |   | Three Months Ended June 30, |      |
|-------------------------------------------------------|--------|-------------------------------------------------|-----------|
|                                        |   | 2011                                            |      |   | 2010 |   |
| Sales                                                 |   | $                                               | 3,201,302 |   |   | $ | 3,681,421 |   |
|                                                  |   |                                            |      |   |   |   |   |   |
| Net income:                                           |   | $                                               | 581       |   |   | $ | 281,867 |   |
| Net income per share – basic                    |   | $                                               | 0.00      |   |   | $ | 0.12 |   |
| Net income per share – diluted                  |   | $                                               | 0.00      |   |   | $ | 0.12 |   |
| Weighted average number of common shares outstanding: |   |                                            |      |   |   |   |   |   |
| Basic                                                 |   |                                            | 2,387,887 |   |   |   | 2,387,887 |   |
| Diluted                                               |   |                                            | 2,396,428 |   |   |   | 2,395,328 |   |

|                                                                                                                                       |   | June 30, 2011 |       |   | March 31, 2011 |   |
|--------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------|------------|--------|--------------------------|--------|
| ASSETS                                                                                                                                     |   |                    |       |   |                     |   |
| Cash                                                                                                                                       |   | $                       | 5,253,615  |   |                     | $      | 6,728,593 |   |
| Accounts receivable and amount due from factor                                                                                             |   |                    | 2,094,918  |   |                     |   | 2,216,635 |   |
| Inventory                                                                                                                                  |   |                    | 4,509,819  |   |                     |   | 3,534,011 |   |
| Prepaid expenses                                                                                                                           |   |                    | 553,951    |   |                     |   | 519,356 |   |
|                                                                                                                                       |   |                    |       |   |                     |   |   |   |
| TOTAL CURRENT ASSETS                                                                                                                       |   |                    | 12,412,303 |   |                     |   | 12,998,595 |   |
| INVESTMENT IN HONG KONG JOINT VENTURE                                                                                                      |   |                    | 13,388,803 |   |                     |   | 13,149,614 |   |
| PROPERTY, PLANT AND EQUIPMENT – NET                                                                                                  |   |                    | 282,705    |   |                     |   | 292,874 |   |
| OTHER ASSETS AND DEFERRED TAX ASSET                                                                                                        |   |                    | 2,171,163  |   |                     |   | 2,042,695 |   |
| TOTAL ASSETS                                                                                                                               |   | $                       | 28,254,974 |   |                     | $      | 28,483,778 |   |
|                                                                                                                                       |   |
| LIABILITIES AND SHAREHOLDERS’ EQUITY                                                                                                 |   |                    |       |   |                     |   |   |   |
|                                                                                                                                       |   |                    |       |   |                     |   |   |   |
| Accounts payable and accrued expenses                                                                                                      |   | $                       | 1,059,848  |   |                     | $      | 1,247,494 |   |
| Accrued liabilities                                                                                                                        |   |                    | 169,257    |   |                     |   | 210,998 |   |
| TOTAL CURRENT LIABILITIES                                                                                                                  |   |                    | 1,229,105  |   |                     |   | 1,458,492 |   |
| LONG TERM OBLIGATION                                                                                                                       |   |                    | 25,000     |   |                     |   | 25,000 |   |
| SHAREHOLDERS’ EQUITY:                                                                                                                |   |                    |       |   |                     |   |   |   |
| Common stock, $.01 par value per share; authorized 20,000,000 shares; issued and outstanding 2,387,887 at June 30, 2011 and March 31, 2011 |   |                    | 23,879     |   |                     |   | 23,879 |   |
| Additional paid-in capital                                                                                                                 |   |                    | 13,135,198 |   |                     |   | 13,135,198 |   |
| Retained earnings                                                                                                                          |   |                    | 13,841,792 |   |                     |   | 13,841,209 |   |
| TOTAL SHAREHOLDERS’ EQUITY                                                                                                           |   |                    | 27,000,869 |   |                     |   | 27,000,286 |   |
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY                                                                                           |   | $                       | 28,254,974 |   |                     | $      | 28,483,778 |   |

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