Arotech Corporation Posts Record Year End and Fourth Quarter 2002 Revenues with Sharp Reduction in Loss Per Share.

Business Editors

NEW YORK--(BUSINESS WIRE)--Feb. 27, 2003

Year-end revenues tripled to $6.4 million;

gross profit increased to $2.0 million;

loss per share for continuing operations reduced to $0.15

Fourth quarter revenues quadrupled to $2.1 million;

gross profit increased to $155,525;

loss per share for continuing operations at $0.06

Backlog of orders in excess of $8 million with

cash-on-hand at beginning of 2003 at $5.0 million

Arotech Corporation ...

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