For the fiscal year ending September 30, 2007, basic and fully diluted earnings per share were USD 0.15 and USD 0.14 respectively, up from USD 0.11 for both basic and diluted earnings per share for the same period last year.

"The Company reported its twelfth consecutive quarter of profitability and improved its overall quarterly record of
profitability as a public company to 26 out of 27," says Jack Gin, president and CEO of Extreme CCTV "Our
sales growth over the prior year is a reflection of a strong North American market and new product sales including
the MIC400, Forward Vision's flagship product, which was included for all of 2007 after being acquired in August of
2006. We are pleased with our results and look forward to the future"

For the fourth quarter, the company achieved quarterly revenues of USD 9.9 million, as compared to USD 8.8 million for the same period of the prior year, an increase of USD 1.1 million or 12 percent. Net income for the quarter was USD 784 compared to USD 596 in the same period in 2006. Net income in the fourth quarter was positively impacted by USD 512 of equity income from Obzerv. In addition to revenue from operations, Obzerv received USD 1,091 during the fourth quarter related to the recovery of taxes for past research and development tax expenditures.

Gross margin for the quarter ended September 30, 2007 was 44.3 percent, down from 45.6 percent for the same period of the prior year, but higher than the prior three quarters. For the fiscal year ending September 30, 2007, gross margin decreased 5.9 percent from the prior year primarily due to changes in the sales mix which included a full year of Forward Vision sales and increased WZ sales, both lower margin product lines at this time. Competitive pricing, the strength of the Canadian dollar relative to the British pound and the United States dollar and production cost increases also contributed to the lower gross margins.

Subsequent to the end of the year on December 14, 2007 the Company announced that it had entered into a
combination agreement with Robert Bosch GmbH, ("Bosch") whereby subject to the terms and conditions of the combination agreement, Bosch will acquire all of the outstanding shares of the company pursuant to a plan of
arrangement at $5.00 per share. There is no assurance the transaction will close.