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An Update From the President and CEO of Angstrom Technologies

November 19th, 2008

Welcome to the Fourth Quarter and 2008 year-end update. We will continue to post an Angstrom News Update at the end of each quarter throughout the 2008 fiscal year. Our fiscal year begins on November 1 and ends October 31.

In the first update of 2004, I reaffirmed Angstrom's three core beliefs. For those of you new to Angstrom they are:

1) Responsiveness - to internal and external customers
2) Respect for the Individual - internal and external
3) Return to Shareholders

Revenue

Our Fourth Quarter was below our projections for 2008.  However due to the strong 1st and 2nd Quarters Angstrom exceeded year-end projections at close of our fiscal year. 

We are concerned with the business outlook domestically and worldwide.  We expect our market conditions will be flat in the First and Second Quarter.  We expect moderate growth for the balance of fiscal 2009.  However, Angstrom will seek to secure government business to offset any commercial business loss that may be realized during the course of the year.

Product News

Angstrom continues to work on developing UV chemical technologies to be used in specialized security applications.  These UV chemical technologies are used in high security applications.
 
In First Quarter we are hopeful to deliver a unique prototype of an Angstrom scanner that has been under development over the last two years.  We are also hopeful that another of our long developing products will be sold in the Third Quarter of 2009.  These two products will open new markets for Angstrom. 

Our next news update will be posted on our website in early to mid February and it will provide our First Quarter results for fiscal year 2009.