|  | 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 December 31, |      |
|------------------------------------------------------------|--------|-----------------------------------------------------|-----------|
|                                                       |   | 2010                                                |      |   | 2009 |   |
| Sales                                                      |   | $                                                   | 2,475,511 |   |   | $ | 6,321,490 |   |
| Net      income                                            |   |                                                | 19,545    |   |   |   | 263,490 |   |
| Income      per share:                                     |   |                                                |      |   |   |   |   |   |
| Basic                                                      |   |                                                | 0.01      |   |   |   | 0.11 |   |
| Diluted                                                    |   |                                                | 0.01      |   |   |   | 0.11 |   |
| Weighted      average number of common shares outstanding: |   |                                                |      |   |   |   |   |   |
| Basic                                                      |   |                                                | 2,387,887 |   |   |   | 2,387,887 |   |
| Diluted                                                    |   |                                                | 2,394,865 |   |   |   | 2,395,201 |   |

|                                                       |   | Nine Months Ended December 31, |      |
|------------------------------------------------------------|--------|----------------------------------------------------|-----------|
|                                                       |   | 2010                                               |      |   | 2009 |   |
| Sales                                                      |   | $                                                  | 9,871,310 |   |   | $ | 20,137,200 |   |
| Net      income                                            |   |                                               | 569,788   |   |   |   | 1,799,825 |   |
| Income      per share:                                     |   |                                               |      |   |   |   |   |   |
| Basic                                                      |   |                                               | 0.24      |   |   |   | 0.75 |   |
| Diluted                                                    |   |                                               | 0.24      |   |   |   | 0.75 |   |
| Weighted      average number of common shares outstanding: |   |                                               |      |   |   |   |   |   |
| Basic                                                      |   |                                               | 2,387,887 |   |   |   | 2,389,360 |   |
| Diluted                                                    |   |                                               | 2,395,341 |   |   |   | 2,395,621 |   |

|                                                                                                                                                        |   | December 31, 2010 |          |   | March 31, 2010 |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------------------|---------------|--------|--------------------------|--------|
| ASSETS                                                                                                                                                      |   |                        |          |   |                     |   |
| Cash      and investments                                                                                                                                   |   | $                           | 7,297,247     |   |                     | $      | 6,255,521 |   |
| Accounts      receivable and amount due from factor                                                                                                         |   |                        | 1,492,455     |   |                     |   | 4,374,224 |   |
| Inventory                                                                                                                                                   |   |                        | 3,644,012     |   |                     |   | 3,439,906 |   |
| Prepaid      expenses                                                                                                                                       |   |                        | 319,596       |   |                     |   | 351,192 |   |
| TOTAL      CURRENT ASSETS                                                                                                                                   |   |                        | 12,753,310    |   |                     |   | 14,420,843 |   |
|                                                                                                                                                        |   |                        |          |   |                     |   |   |   |
| INVESTMENT      IN HONG KONG JOINT VENTURE                                                                                                                  |   |                        | 12,905,017    |   |                     |   | 12,153,456 |   |
| PROPERTY,      PLANT AND EQUIPMENT – NET                                                                                                              |   |                        | 189,263       |   |                     |   | 199,163 |   |
| OTHER      ASSETS AND DEFERRED TAX ASSET                                                                                                                    |   |                        | 2,011,098     |   |                     |   | 1,897,292 |   |
| TOTAL      ASSETS                                                                                                                                           |   | $                           | 27,858,688    |   |                     | $      | 28,670,754 |   |
|                                                                                                                                                        |   |                        |          |   |                     |   |   |   |
| LIABILITIES      AND SHAREHOLDERS’ EQUITY                                                                                                             |   |                        |          |   |                     |   |   |   |
| Accounts      payable and accrued expenses                                                                                                                  |   | $                           | 858,319       |   |                     | $      | 2,162,755 |   |
| Accrued      liabilities                                                                                                                                    |   |                        | 201,617       |   |                     |   | 279,035 |   |
| TOTAL      CURRENT LIABILITIES                                                                                                                              |   |                        | 1,059,936     |   |                     |   | 2,441,790 |   |
|                                                                                                                                                        |   |                        |          |   |                     |   |   |   |
| LONG      TERM OBLIGATION                                                                                                                                   |   |                        | 46,459        |   |                     |   | 46,459 |   |
|                                                                                                                                                        |   |                        |          |   |                     |   |   |   |
| SHAREHOLDERS’      EQUITY:                                                                                                                            |   |                        |          |   |                     |   |   |   |
| Common      stock, $.01 par value per share; authorized 20,000,000 shares; issued and      outstanding 2,387,887 at December 31, 2010 and March 31,    2010 |   |                        |   23,879 |   |                     |   |   23,879 |   |
| Additional      paid-in capital                                                                                                                             |   |                        | 13,135,198    |   |                     |   | 13,135,198 |   |
| Retained      earnings                                                                                                                                      |   |                        | 13,593,216    |   |                     |   |  13,023,428 |   |
|                                                                                                                                                        |   |                        |          |   |                     |   |   |   |
| TOTAL      SHAREHOLDERS’ EQUITY                                                                                                                       |   |                        | 26,752,293    |   |                     |   | 26,182,505 |   |
|                                                                                                                                                        |   |                        |          |   |                     |   |   |   |
| TOTAL      LIABILITIES AND SHAREHOLDERS’ EQUITY                                                                                                       |   | $                           | 27,858,688    |   |                     | $      | 28,670,754 |   |

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