BRSI Ballistic Recovery Systems Inc (CE)

Ballistic Recovery Systems, Inc. (OTCBB:BRSI) announced that it completed a third and final closing its private placement offering whereby it sold an aggregate of 2,034,840 shares of its common stock and warrants to purchase an additional 508,710 shares of common stock. BRS raised approximately $2,767,000 net of commissions paid. Prior closings of the offering were completed on October 25, 2006 and November 25, 2006. BRS is a South St. Paul, Minnesota, based company that designs, manufactures and distributes whole-plane emergency parachute systems for use on general aviation and recreational aircraft. Since 1981, BRS has delivered more than 25,000 parachute systems to aircraft owners around the world including over 3,000 systems on certified aircraft like the Cirrus Design aircraft manufactured in Duluth, Minnesota. To date, BRS parachute recovery systems have been credited with saving the lives of 199 pilots and passengers. This press release does not constitute an offer to sell or a solicitation of an offer to buy and securities of BRS. The securities sold in these issuances were not registered under the Securities Act and therefore may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. For more information about the Company, review the Company's filings with the Securities and Exchange Commission, particularly the Company's annual report on Form 10-KSB. For more information on BRS contact: Larry E. Williams; BRS, Inc: Fleming Field, 300 Airport Road; South St. Paul MN 55075;USA(LarryWilliams@BRSparachutes.com) TEL 651.457.7491 ; FAX 651.457.8651