Exhibit 1 .
Alpha Pro Tech
L T D.
ALPHA PRO TECH, LTD. ANNOUNCES FIRST QUARTER
FINANCIAL RESULTS FOR THE PERIOD ENDED MARCH 31,
2009
FOR IMMEDIATE RELEASE
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Company Contact :
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Investor Relations Contact
:
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Alpha Pro Tech, Ltd.
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Hayden IR
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Al Millar/Donna Millar
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Cameron Donahue
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905-479-0654
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651-653-1854
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e-mail: ir@alphaprotech.com
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e-mail: cameron@haydenir.com
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First quarter revenue increased
24.0% to $9.3 million from $7.5 million in the first quarter 2008,
led by a 65.8% increase in Building Supply Products (formerly
Engineered Products), a 30.8% increase in Infection Control
products and an 8.5% increase in Disposable Protective
Apparel.
·
Net income increased 270.0% for
the three months ended March 31, 2009 to $514,000 compared to
net income of $139,000 for the three months ended March 31,
2008.
·
Inventory decreased by $1.1
million or 9.2% to $10.9 million as of March 31, 2009 from
December 31, 2008 primarily due to a decrease in inventory for
the Building Supply Products segment.
Nogales, Arizona — May 5, 2009, Alpha
Pro Tech (NYSE Amex: APT) a leading manufacturer of products designed to
protect people, products and environments, including disposable
protective apparel and building supply products, today announced
its financial results for the first quarter 2009, the period ended
March 31, 2009.
Consolidated sales for the 2009 first quarter
increased 24.0% to $9.3 million from $7.5 million in the comparable
quarter in 2008. Sales for the Disposable Protective Apparel
increased by 8.5% to $4.8 million compared to $4.5 million for the
same period of 2008. Building Supply Products (formerly known as
Engineered Products) segment sales for the three months ended
March 31, 2009 increased by 65.8% to $2.3 million as compared
to $1.4 million for the same period of 2008. The increase for
the quarter is primarily due to a 90.0% increase in sales of
REX™ Synfelt synthetic roof underlayment and a 30.0% increase
in sales of REX™ Wrap house wrap. Infection Control
segment sales for the three months ended March 31, 2009
increased by 30.8% to $2.2 million compared to $1.7 million for the
same period of 2008. The Infection Control segment consists of face
masks, eye shields and medical bed pads as well as a line of pet
beds. Previously the line of medical bed pads and pet beds
were reported as a separate segment under the name of Extended
Care. Because management is now looking at the Extended Care
segment in conjunction with the Infection Control segment, and the
majority of the extended care revenue is now generated from the
medical bed pads, which prevent decubitus ulcers or bed sores, it
is now appropriate that these segments be consolidated in the
Infection Control segment. All numbers reflect the updated
segmentation.
Al Millar, President of Alpha Pro Tech
commented, “Sales strengthened significantly from the
year-ago period. We continue to be optimistic that our
distribution channel strategy will broaden our ability to take
advantage of market opportunities for synthetic roof underlayment
and house wrap throughout this year and
