ABATIX CORP. Reports Operating Results for First Quarter of 2009

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Mon May 11, 2009 5:27pm EDT

MESQUITE, Texas, May 11 /PRNewswire-FirstCall/ -- ABATIX CORP. (Pink Sheets:
ABIX) today announced net sales of $13,819,000 for the first three months of
2009 decreased 20% from net sales of $17,228,000 in the first three months of
2008 and a net loss of $60,693 or ($.03) per share in 2009 decreased from net
earnings of $80,331 or $.05 per share in 2008.  The decrease in sales and
profitability for the first quarter is primarily attributed to the decline in
the economy. 

More information about the Company, including financial information, can be
found on the Abatix web site at www.abatix.com.  Information about our
wholly-owned subsidiary, IESI, can be found on their web site at
www.int-enviroguard.com.

ABATIX CORP. is a full line supplier to the construction, industrial and
environmental industries.  The Company currently has eight distribution
centers in Dallas and Houston, Texas, in San Francisco and Los Angeles,
California, in Phoenix, Arizona, in Seattle, Washington, in Las Vegas, Nevada
and in Jacksonville, Florida.  These distribution centers serve customers
throughout the Southeast, Southwest, Midwest, Pacific Coast, Alaska and
Hawaii.


                                         ABATIX CORP.
                              SELECTED FINANCIAL INFORMATION
                                         (Unaudited)

                                                Three Months Ended
                                                      March 31,
                                             2009                    2008

    Net sales                         $13,818,718             $17,227,866
    Cost of sales                      (9,666,825)            (12,382,511)
      Gross profit                      4,151,893               4,845,355
    Selling, general and
     administrative expenses           (4,215,165)             (4,608,993)
      Operating (loss) profit             (63,272)                236,362
    Other expense, net                    (18,707)                (77,066)
      (Loss) earnings before
       income taxes                       (81,979)                159,296
    Income tax benefit (expense)           21,286                 (78,965)
        Net (loss) earnings              $(60,693)               $ 80,331

    Basic and diluted (loss)
     earnings per share                     $(.03)                   $.05

    Basic and diluted weighted
     average shares outstanding         1,811,148               1,711,148



                                                     As of:
                                         March 31,            December 31,
                                             2009                    2008

         Current assets               $19,289,279             $22,436,120
         Total assets                 $20,451,618             $23,693,441
         Current liabilities           $5,461,467              $8,942,597
         Total liabilities             $5,461,467              $8,942,597
         Total stockholders' equity   $14,990,151             $14,750,844






SOURCE  ABATIX CORP.

Frank Cinatl of ABATIX CORP., 1-888-ABATIX-X (222-8499), fcinatl@abatix.com
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