Orbit Fr Inc (OTC:ORFR)

Revenues for the year ended December 31, 2011 were approximately $33.6 million, a 7.2% decline from revenues of approximately $36.2 million for the year ended December 31, 2010. Geographically, as a percentage of 2010 revenues, a 7.7% increase in the European and Asia markets of $1.9 million and 0.9 million, respectively, has enabled the Company to partially off-set the 14.8% revenue reduction or approximately $5.4 million in the North American market. The increases in revenues in the European and Asian markets reflect increased business and business opportunities aided by the Microwave Vision sales and support network in those markets. The US defense market, which has shown weakness in the first three quarters of 2011, had an increase in revenues in the fourth quarter. To date in 2012, the Company has seen an increase in business opportunities in the U.S. defense market as compared to the same period in 2011.