As discussed in the Company’s recent earnings call, the Military, Instrumentation, Space and Avionics (“MISA”) market segment has exhibited softness in order demand, where orders have been lower than shipments, leading to a book to bill ratio for that segment below 1.0 during the first half of 2011. Mr. Anderson noted, “We are seeing lower order activity, particularly in the MISA market segment, as uncertainty in government spending continues to weaken demand. While fluctuations similar to this are typical of our ongoing business cycles, our strategic growth initiatives are designed to grow the platform and better position the Company to weather these trends.” Mr. Anderson also commented, “Beginning with the Japanese natural disaster earlier this year, which rippled through various global economies, and then the prolonged U.S. budget and debt ceiling debate, there has not been a full recovery of customer order patterns due to the uncertainty that continues to pervade the marketplace. Although this circumstance may adversely affect operating results, it also presents unique opportunities to leverage our platform and for further consolidation of the frequency control space to create new synergy and stockholder value.”Upcoming Events The Company announced that it will present at the 8 th Annual ThinkEquity Growth Conference to be held on September 13-14, 2011, at the Le Parker Meridien in New York City, NY. The Company’s Chief Accounting Officer, LaDuane Clifton, will be presenting on Wednesday, September 14, 2011, at 11:30 a.m. Eastern Time. Topics will include updates on current business activities and the Company’s strategic growth framework, which includes organic investment, joint ventures, marketing partnerships, and synergistic acquisitions. LGL management will be available for one-on-one meetings throughout the conference and interested parties may schedule meetings through their ThinkEquity sales representative. About The LGL Group, Inc. The LGL Group, Inc., through its wholly-owned subsidiary MtronPTI, manufactures and markets highly engineered electronic components used to control the frequency or timing of signals in electronic circuits. These devices are used extensively in electronic systems for military applications, avionics, earth-orbiting satellites, medical devices, instrumentation, industrial devices and global positioning systems. They are also used in infrastructure equipment for the telecommunications and network equipment industries. The Company has operations in Orlando, Florida, Yankton, South Dakota and Noida, India, and sales offices in Hong Kong and Shanghai, China.
For more information on the Company and its products and services, contact LaDuane Clifton at The LGL Group, Inc., 2525 Shader Rd., Orlando, Florida 32804, (407) 298-2000, or visit the Company’s Web site: www.lglgroup.com.Caution Concerning Forward Looking Statements This document includes certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from these expectations due to changes in global political, economic, business, competitive, market and regulatory factors. More detailed information about those factors is contained in The LGL Group’s filings with the U.S. Securities and Exchange Commission.