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Hickok Incorporated Reports First Quarter Operating Results

CLEVELAND, OH Feb. 14, 2011 Cleveland December 31, 2010

December 31, 2010 $317,982 25 cents $64,709 5 cents $1,112,643 $1,636,717

Robert L. Bauman

December 31, 2010 $435,000 $831,000 $347,000 $49,000

December 31, 2010 $2,959,318 $2,457,024 December 31, 2009 $4,221,662 $3,686,593 December 31, 2010 $2,966,767 $2.38

Hickok provides products and services primarily for the automotive, emissions testing,  locomotive, and aircraft industries. Offerings include the development, manufacture and marketing of electronic and non-electronic automotive diagnostic products used for repair and emission testing. The Company also develops and manufactures indicating instruments for aircraft, locomotive and general industrial applications.

Certain statements in this news release, including discussions of management’s expectations for fiscal 2011, constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ from those anticipated as a result of risks and uncertainties which include, but are not limited to, Hickok’s ability to effectively develop and market new products serving customers in the automotive aftermarket, overall market and industry conditions, the Company’s ability to capitalize on market opportunities, the Company’s ability to obtain cost effective financing as well as the risks described from time to time in Hickok’s reports as filed with the Securities and Exchange Commission.

HICKOK INCORPORATED

Consolidated Income Statement (Unaudited)

3 MONTHS

Period ended December 31

2010

2009

Net sales

$1,112,643

$1,636,717

Income (loss) before Income tax

(317,982)

64,709

Income (recovery of) taxes

Net income (loss)

(317,982)

64,709

Basic income (loss) per share

(.25)

.05

Diluted income (loss) per share

(.25)

.05

Weighted average shares outstanding

1,248,095

1,248,095

SOURCE Hickok Incorporated

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