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PLC Systems Reports Second Quarter 2011 Results
Date:8/12/2011

oss from continuing operations

(800)(869)(1,549)(2,088)Other expense:Interest expense

(115)--(161)--Financing costs associated with convertible notes

----(530)--Change in fair value of warrant liabilities

372--(1,104)--Change in fair value of convertible notes

2--(2,216)--Total other expense

259--(4,011)--Net loss from continuing operations

(541)(869)(5,560)(2,088)Discontinued operations:Income from discontinued operations

--670531,328Gain on sale of discontinued operations

----1,179--Net income from discontinued operations

--6701,2321,328Net loss

$  (541)$  (199)$(4,328)$  (760)Net loss per weighted average share, basic and diluted:From loss on continuing operations attributable
 to common stockholders

$(0.02)$(0.03)$  (0.18)$(0.07)From income on discontinued operations

--0.020.000.04From gain on sale of discontinued operations

----0.04--Net loss attributable to common stockholders
per weighted average share, basic and diluted

$ (0.02)$ (0.01)$  (0.14)$(0.03)Weighted average shares outstanding:Basic and diluted

30,35130,35130,35130,351CONDENSED BALANCE SHEET(In thousands, except per share data)

(Unaudited)June 30,
2011December 31,
2010Cash and cash equivalents$4,059$1,324Total current assets4,7443,102Total assets4,9523,315T
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SOURCE PLC Systems Inc.
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