Precision Optics Corporation Announces First Quarter Results and Receipt of Significant...(d Fixtures 150...),Health

Vehicles 42,343 42,343

4,327,971 4,305,926

Less: Accumulated Depreciation (4,163,461) (4,148,239)

Net Property and Equipment 164,510 157,687

OTHER ASSETS

Cash surrender value of life insurance policies 5,465 4,438

Patents, net 286,532 274,312

Total Other Assets 291,997 278,750

TOTAL ASSETS $2,387,664 $3,035,597

LIABILITIES AND STOCKHOLDERS' EQUITY

TOTAL CURRENT LIABILITIES 509,829 718,387

STOCKHOLDERS' EQUITY

Common Stock, $.01 par value-

Authorized -- 50,000,000 shares

Issued and Outstanding -

25,458,212 shares

at September 30, 2007 and

at June 30, 2007 254,582 254,582

Additional Paid-in Capital 37,224,488 37,197,015

Accumulated Deficit (35,601,235) (35,134,387)

Total Stockholders' Equity 1,877,835 2,317,210

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $2,387,664 $3,035,597

Forward-looking statements contained in this news release, including those related to the future success of Company's newly released products and products under development are made under "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties that could materially affect future results. These risks and uncertainties, many of which are not within the Company's control, include, but are not limited to, the uncertainty and timing of the successful development of
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