Jaco Electronics, Inc., a global distributor and integrator of electronic components and customized flat panel display solutions (FPD), and provider of value-added logistics services, today reported results for its fiscal 2008 first quarter ended September 30, 2008. Net sales down to $47,816 compared to $49,010 in the same period in 2007.

Jaco Chairman and Chief Executive Officer Joel Girsky, stated, "We earned adjusted diluted net income per share of $0.04 during the fiscal 2009 first quarter, excluding the impact of the non-cash goodwill impairment charge.

"When the anticipated sale of certain assets of our non-FPD components business to WPG is completed, Jaco will be presented with an exciting opportunity to focus exclusively on our competencies in flat panel displays (FPD) and embedded computing, where we have achieved noteworthy success in recent years. Given our established record in FPD, the strategy of further expanding these operations is expected to yield additional benefits for our customers, partners, suppliers and shareholders.

"We are pleased with Jaco's continued FPD success. We achieved quarterly FPD net sales of $22.3 million in the recent three-month reporting period. The company benefited from the shipment of optical scan voting machines that were manufactured at our state-of-the-art in-house facility for New York State and were delivered on-time for the November election. We firmly believe that Jaco is on the right track and we are starting to write an exciting new chapter in our history."

About Jaco Electronics

Jaco is a leading distributor of electronic components to industrial OEMs and contract manufacturers. Jaco distributes products such as semiconductors, capacitors, resistors, electromechanical devices, flat panel displays (FPD) and power supplies, which are used in the manufacture and assembly of electronic products, including: telecommunications equipment, computers and office equipment, medical devices and instrumentation, industrial equipment and controls, military/aerospace systems and automotive and consumer electronics.

Jaco has two distribution centers, a warehouse in Singapore and 15 strategically located sales offices throughout the United States. The company operates an in-house FPD integration center housing its engineering and manufacturing staff and operations. The integration center enhances Jaco's ability to provide customers with unique value-added display solutions and a "one-stop" source for their FPD supply and integration requirements. In addition to customized FPD solutions, Jaco provides a variety of value-added services including automated inventory management services and assembling stock items for customers into pre-packaged kits. For more information, visit www.jacoelectronics.com.