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Photonic Products Group, Inc. ("PPGI") Releases FY 2010 Financial Results
Date:4/4/2011

rm Act of 1995: The statements contained in this press release that are not purely historical are forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. These statements may be identified by their use of forward-looking terminology such as "believes", "expects", "should", "will", "plan", "anticipate", "probably", "targeting" or similar words.  Such forward-looking statements, such as our expectation for revenues, new orders, and improved results involve risks and uncertainties that could cause actual results to differ materially from those projected. Risks and uncertainties that could cause actual results to differ materially from such forward looking statements are, but are not limited to, uncertainties in market demand for the company's products or the products of its customers, future actions by competitors, inability to deliver product on time, inability to develop new business, inability to retain key employees or hire new employees, and other factors discussed from time to time in the Company's filings with the Securities and Exchange Commission including our Annual Report on Form 10-K for the year ended December 31, 2010. The forward looking statements made in this news release are made as of the date hereof and Photonic Products Group, Inc. does not assume any obligation to update publicly any forward looking statement.

PHOTONIC PRODUCTS GROUP, INC AND SUBSIDIARIESCONSOLIDATED BALANCE SHEETSDecember 31,20102009AssetsCurrent assets:Cash and cash equivalents$

4,365,045$

4,069,310Accounts receivable (after allowance for doubtful accounts of $15,000 in 2010 and 2009)2,224,5921,927,672Inventories, net2,390,8762,265,973Other current assets119,243164,081Total Current Assets9,099,7568,427,036Plant and equipment:Plant and equipment at cost14,879,50814,604,728Less: Accumulated depreciation and amortization(12,876,163)(12,016,247)Total plant and equipment2,00
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SOURCE Photonic Products Group, Inc.
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