Henry Bros. Electronics, Inc.

HENRY BROS. ELECTRONICS ANNOUNCES INCREASE IN REVOLVING CREDIT AGREEMENT

Monday 06 October 2008

FAIR LAWN, N.J., Oct. 6, 2008 – Henry Bros. Electronics, Inc., (NASDAQ: HBE) a turnkey provider of technology-based integrated electronic security solutions, today announced that it has executed an amendment to its revolving credit agreement with TD Bank, N.A., increasing its line of credit from $4 million to $8 million. The term of the agreement has been extended to June 30, 2010.
 
James Henry, Chairman and Chief Executive Officer of Henry Bros. Electronics., commented, “The additional line of credit afforded to us by TD Bank, N.A. will provide greater liquidity and working capital in support of new projects and future growth initiatives. We believe that our ability to seek and secure this increase, in what is undoubtedly a difficult credit market, speaks to the market’s continued confidence in our ability to execute on our strategic growth objectives, and to drive revenue growth.”
 
About Henry Bros. Electronics, Inc.
Henry Bros. Electronics (Amex: HBE) provides technology-based integrated electronic security systems, services and emergency preparedness consultation to commercial enterprises and government agencies. The Company has offices in Arizona, California, Colorado, Maryland, New Jersey, New York, Texas and Virginia.
 
For more information, visit http://www.hbe-inc.com.
 
Safe Harbor Statement:Certain statements in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Additional information concerning factors that could cause actual results to differ materially from those in the forward looking statements is contained under the heading of risk factors listed in the Company's filings with the U.S. Securities and Exchange Commission. Henry Bros. Electronics Inc. does not assume any obligation to update the forward-looking information.
 
 
Investor Contacts:
Todd Fromer / Erika Kay                                   Jim Henry, Chairman & Chief Executive Officer
KCSA Strategic Communications                       Henry Bros. Electronics, Inc.
212-896-1215 / 212-896-1208                             201-794-6500
tfromer@kcsa.com / ekay@kcsa.com                jhenry@hbe-inc.com