Universal Security Instruments, Inc. (NYSE Amex: UUU) today announced results for its fiscal quarter ended June 30, 2018.

The Company reported sales rose approximately 22% to $4,045,996 for the quarter ended June 30, 2018 versus $3,318,237 for the comparable period of last year. The Company reported a net loss of $438,833, or $0.19 per basic and diluted share, compared to a net loss of $543,663 or $0.24 per basic and diluted share, for the same period last year.

"Our pattern of higher sales has continued into the June quarter and we are anticipating this trend to continue. We do not know, at this time, what affect, if any, the new tariffs imposed by the Trump Administration on Chinese products will have on the Company. To date, only our ground fault circuit interrupters, which constitute only a small portion of our sales, have been included in products subject to the new tariffs, and the next group of tariffs are expected to be announced at the end of September. We are monitoring the tariff situation and once the final list is issued we will determine the strategies to follow," said Harvey Grossblatt, President and CEO.

UNIVERSAL SECURITY INSTRUMENTS, INC. is a U.S.-based manufacturer (through its Hong Kong Joint Venture) and distributor of safety and security devices. Founded in 1969, the Company has an over 48-year heritage of developing innovative and easy-to-install products, including smoke, fire and carbon monoxide alarms. For more information on Universal Security Instruments, visit our website at www.universalsecurity.com.