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Magal Provides Revenue Guidance for the First Quarter of 2005

Magal Provides Revenue Guidance for the First Quarter of 2005

YAHUD, Israel, April 7 /PRNewswire-FirstCall/ -- Magal Security Systems, Ltd. today announced that its estimated revenues for the first quarter of 2005 will be in the range of $12 to $14 million. In the first quarter of 2004, the Company had revenues of $ 14.2 million.

The lag in the expected revenue increase in 2005 is the result of a number of factors. The US$6.1 million order for the seam line in Israel was not received from the Israeli Ministry of Defence (MOD) until the end of March and revenues from that project will not be reflected until the second and third quarters of the year. Additionally, a number of orders that were expected to be received by the Company's US-based subsidiary in January and February have been delayed.

Mr. Jacob Even-Ezra, Chairman of Magal, said: "Despite the lower than expected first quarter results, management remains confident that the Company will achieve the guidance provided in February that the Company will report higher revenues in 2005 as compared to 2004."

About Magal Security Systems, Ltd.:

Magal Security Systems Ltd. (Magal) is engaged in the development, manufacturing and marketing of computerized security systems, which automatically detect, locate and identify the nature of unauthorized intrusions. Magal also supplies Video Monitoring Services through Smart Interactive Systems, Inc., a subsidiary established in the US in June 2001. The Company's products are currently used in more than 70 countries worldwide to protect national borders, airports, correctional facilities, nuclear power stations and other sensitive facilities from terrorism, theft and other threats. Israeli-based Magal has subsidiaries in the US, Canada, the UK, Germany, Mexico, Romania and an office in China.

Magal trades in the US on the NASDAQ National Market since 1993 and in Israel on the Tel-Aviv Stock Exchange (TASE) since July 2001, under the symbol MAGS.

This press release contains forward-looking statements, which are subject to risks and uncertainties. Such statements are based on assumptions and expectations which may not be realized and are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of which might not even be anticipated. Future events and actual results, financial and otherwise, may differ from the results discussed in the forward-looking statements. A number of these risks and other factors that might cause differences, some of which could be material, along with additional discussion of forward-looking statements, are set forth in the Company's Annual Report on Form 20-F filed with the Securities and Exchange Commission.

Contacts: Magal Security Systems, Ltd GK International Roi Levy Ehud Helft/Kenny Green Tel: +972-3-539-1444 Tel: +1-866-704-6710 Fax: +972-3-536-6245 Int'l dial: +972-3-607-4717 E-mail: [email protected] E-mail: [email protected]

Magal Security Systems Ltd.

CONTACT: Contacts: Magal Security Systems, Ltd, Roi Levy, Tel:
+972-3-539-1444, Fax: +972-3-536-6245, E-mail:
[email protected], [email protected]; Ehud
Helft/Kenny Green, Tel: +1-866-704-6710, Int'l dial:
+972-3-607-4717, E-mail: [email protected]

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