Boot Hill Casino & Resort Construction Is On Schedule For December 2009 Opening

Third Quarter Sales Increased 6.7%; Net Income Increased 44%

OLATHE, Kan. , March 12 /PRNewswire-FirstCall/ -- Butler National Corporation (OTC Bulletin Board: BUKS), a leading manufacturer and provider of support systems for "Classic" commercial and military aircraft, announces its financial results for the third quarter and nine months fiscal 2009 for the period ended January 31, 2009 . In conjunction with the release, the Company has scheduled a conference call Monday, March 16, 2009 at 9:00 AM Central Daylight Time .

What: Butler National Corporation Third Quarter & Nine Months Fiscal 2009 Financial Results Conference Call

When: Monday, March 16, 2009 - 9:00 AM Central Daylight Time

How: Live via phone by dialing 800-624-7038. Code: Butler National Corporation. Participants to the conference call should call in at least 5 minutes prior to the start time.

Clark Stewart , President & CEO, Butler National Corp., will be leading the call and discussing results of the third quarter, the status of new and existing orders, gaming activities and an outlook on the balance of fiscal 2009.

Historical selected financial data related to all operations:

Quarter Ended January 31 Nine Months Ended January 31 (In thousands except (In thousands except per share data) per share data) 2009 2008 2007 2009 2008 2007 ---- ---- ---- ---- ---- ---- Net Sales $4,546 $4,259 $3,344 $13,805 $13,200 $10,775 Operating Income 503 442 28 1,154 1,188 624 Net Income 278 193 (119) 550 612 190 Total Assets 25,987 22,532 19,367 25,987 22,532 19,367 Long-term Obligations 6,294 3,841 1,646 6,294 3,841 1,646 Shareholders' Equity 12,740 11,260 10,019 12,740 11,260 10,019 New Product Research and Development Cost 470 2,373 472 2,502 2,893 1,506 nr = not reported

Management Comments:

"Third quarter of fiscal year 2009 was an exciting time for our company. We are pleased with the continued results and revenue and net income improvements of our overall business. Construction of The Boot Hill Casino and Resort occurred in December. We are making good progress and believe we are on target for an anticipated opening in December 2009 . We look forward to bringing a first-class destination casino and resort to Southwest Kansas .