Article: Porta Systems Corp. Reports Results for the Quarter Ended March 31, 2008 and Announces Agreement to Restructure Its Senior and Subordinated Debt.

SYOSSET, N.Y. -- Porta Systems Corp. (OTC.BB:PYTM) today reported operating income for the quarter ended March 31, 2008 of $71,000 compared to operating income of $666,000 for the quarter ended March 31, 2007. The net loss for the quarter ended March 31, 2008, was $537,000, $0.05 per share (basic and diluted), compared to net income of $165,000, $0.02 per share (basic and diluted), which included a loss from discontinued operations of $34,000, for the quarter ended March 31, 2007. There was no loss from discontinued operations for the quarter ended March 31, 2008.

As of June 30, 2007, the Company had completely discontinued the operation of its OSS business and ...

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