-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 G3cqckI5H75GOXIYl+6Qa1CtdiD/PDrf2USJCsI0QAC7lWmKC+mQiGs3Chv6XFPm
 fAeXCaT3lyTBwskkOarcEw==

<SEC-DOCUMENT>0001144204-10-060401.txt : 20101115
<SEC-HEADER>0001144204-10-060401.hdr.sgml : 20101115
<ACCEPTANCE-DATETIME>20101115121447
ACCESSION NUMBER:		0001144204-10-060401
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20101110
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20101115
DATE AS OF CHANGE:		20101115

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MESA LABORATORIES INC /CO
		CENTRAL INDEX KEY:			0000724004
		STANDARD INDUSTRIAL CLASSIFICATION:	INDUSTRIAL INSTRUMENTS FOR MEASUREMENT, DISPLAY, AND CONTROL [3823]
		IRS NUMBER:				840872291
		STATE OF INCORPORATION:			CO
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-11740
		FILM NUMBER:		101190358

	BUSINESS ADDRESS:	
		STREET 1:		12100 W 6TH AVE
		CITY:			LAKEWOOD
		STATE:			CO
		ZIP:			80228
		BUSINESS PHONE:		3039878000

	MAIL ADDRESS:	
		STREET 1:		12100 W 6TH AVE
		CITY:			LAKEWOOD
		STATE:			CO
		ZIP:			80228

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MESA MEDICAL INC
		DATE OF NAME CHANGE:	19921123
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>v201942_8k.htm
<TEXT>
<html>
  <head>
    <title>Unassociated Document</title>
    <!--Licensed to: vintage-->
    <!--Document Created using EDGARizer 4.0.6.4-->
    <!--Copyright 1995 - 2008 EDGARfilings, Ltd., an IEC company. All rights reserved-->
    </head>
    <body bgcolor="#ffffff" style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
    <div style="DISPLAY: block; TEXT-INDENT: 0pt; TEXT-ALIGN: center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">U.S.
Securities and Exchange Commission</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Washington,
D.C. 20549</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Form
8-K</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Current
Report</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
to Section 13 or 15(d) of the Securities and Exchange Act of 1934</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">NOVEMBER 10,
2010</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Date of
Report (Date of earliest event Reported)</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">MESA LABORATORIES,
INC.</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Exact
Name of Small Business Issuer as Specified in its Charter)</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Commission
File Number: 0-11740</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <div align="center">
        <table cellpadding="0" cellspacing="0" width="100%">
            <tr>
              <td valign="top" width="25%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman; TEXT-DECORATION: underline"><font style="DISPLAY: inline">COLORADO</font></font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(State
      or other Jurisdiction of</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Incorporation
      or Organization)</font></div>
              </td>
              <td valign="top" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
              <td valign="top" width="25%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman; TEXT-DECORATION: underline"><font style="DISPLAY: inline">84-0872291</font></font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(I.R.S.
      Employer</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Identification
      No.)</font></div>
              </td>
            </tr>
        </table>
      </div>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div>
      <div align="center">
        <table cellpadding="0" cellspacing="0" width="100%">
            <tr>
              <td valign="top" width="25%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman; TEXT-DECORATION: underline"><font style="DISPLAY: inline">12100 WEST SIXTH AVENUE, LAKEWOOD,
      COLORADO</font></font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(Address
      of Principal Executive Offices)</font></div>
              </td>
              <td valign="top" width="2%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
              <td valign="top" width="25%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;<font style="DISPLAY: inline; FONT-WEIGHT: bold"> <font style="TEXT-DECORATION: underline">80228</font></font></font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(Zip
      Code)</font></div>
              </td>
            </tr>
        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Issuer&#8217;s
telephone number, including area code: (303) 987-8000</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; TEXT-DECORATION: underline">Not
Applicable.</font></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Former
name or former address, if changed since last report)</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">
          <tr>
            <td align="left" valign="top" width="4%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline;" face="Wingdings">o</font></font></div>
            </td>
            <td align="left" valign="top" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></td>
            <td align="left" valign="top" width="68%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">
          <tr>
            <td align="left" valign="top" width="4%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline;" face="Wingdings">o</font></font></div>
            </td>
            <td align="left" valign="top" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></td>
            <td align="left" valign="top" width="68%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">
          <tr>
            <td align="left" valign="top" width="4%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline;" face="Wingdings">o</font></font></div>
            </td>
            <td align="left" valign="top" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></td>
            <td align="left" valign="top" width="68%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">
          <tr>
            <td align="left" valign="top" width="4%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline;" face="Wingdings">o</font></font></div>
            </td>
            <td align="left" valign="top" width="1%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></td>
            <td align="left" valign="top" width="68%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div>&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">&#160;</div>
      </div>
      <div id="PN" style="PAGE-BREAK-AFTER: always">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">&#160;</div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
      </div>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ITEM
2.02&#160;&#160;RESULTS OF OPERATIONS AND FINANCIAL CONDITION.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Pursuant
to the interim guidance provided in Release No. 33-8216, the disclosure being
furnished in this Form 8-K is being furnished under Item 12, &#8220;Results of
Operations and Financial Condition,&#8221; of form 8-K.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;On
November 10, 2010, Mesa Laboratories, Inc. issued a press release describing its
results of operations for its second quarter ended September 30, 2010. A copy of
this press release is attached hereto as Exhibit 99.1 and is incorporated by
reference herein.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ITEM
9.01 FINANCIAL STATEMENTS AND EXHIBITS.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <div align="left">
        <table cellpadding="0" cellspacing="0" width="100%">
            <tr>
              <td valign="top" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
              <td align="left" valign="top" width="5%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">d)</font></div>
              </td>
              <td align="left" valign="top" width="88%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Exhibits:</font></div>
              </td>
            </tr>
        </table>
      </div>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">
          <tr>
            <td align="left" valign="top" width="5%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></td>
            <td align="left" valign="top" width="95%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">99.1
      Press Release issued November 10,
2010</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SIGNATURES</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
to the requirements of the Securities Exchange Act of 1934, as amended, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <div align="center">
        <table cellpadding="0" cellspacing="0" width="100%">
            <tr>
              <td valign="top" width="29%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">MESA
      LABORATORIES, INC.</font></div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">(Issuer)</font></div>
              </td>
              <td valign="top" width="36%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
              <td valign="top" width="6%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;&#160;</font></div>
              </td>
              <td valign="top" width="29%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: times new roman">&#160;
      </font></td>
            </tr>
        </table>
      </div>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div>
      <table cellpadding="0" cellspacing="0" width="100%">
          <tr>
            <td align="left" valign="top" width="29%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">DATED:
      November 10, 2010</font></div>
            </td>
            <td valign="top" width="6%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;&#160;</font></div>
            </td>
            <td valign="top" width="30%"><font style="DISPLAY: inline; FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman">&#160;
      </font></td>
            <td align="right" valign="top" width="6%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">BY:</font></div>
            </td>
            <td align="left" valign="top" width="30%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">/s/
      John J. Sullivan, Ph.D.</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font size="2">____________________________</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">John
      J. Sullivan, Ph.D.</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Chief
      Executive Officer,</font></div>
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">President
      and Director</font></div>
            </td>
          </tr>
      </table>
    </div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">INDEX
TO EXHIBITS</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div>
      <div align="left">
        <table cellpadding="0" cellspacing="0" width="100%">
            <tr>
              <td align="left" valign="top" width="21%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman; TEXT-DECORATION: underline"><font style="DISPLAY: inline">Exhibit No.</font></font></div>
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">99.1</font></div>
              </td>
              <td align="left" valign="top" width="4%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;&#160;</font></div>
              </td>
              <td align="left" valign="top" width="21%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman; TEXT-DECORATION: underline"><font style="DISPLAY: inline">Description</font></font></div>
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Press
      release dated November 10, 2010</font></div>
              </td>
              <td align="left" valign="top" width="4%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;&#160;</font></div>
              </td>
              <td align="left" valign="top" width="21%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman; TEXT-DECORATION: underline"><font style="DISPLAY: inline">Method of Filing</font></font></div>
                <div style="DISPLAY: block; TEXT-INDENT: 0pt">&#160;</div>
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Filed
      herewith</font></div>
              </td>
            </tr>
        </table>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt"><br>&#160;</div>
    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
      <div id="FTR">
        <div id="GLFTR" style="WIDTH: 100%" align="left">&#160;</div>
      </div>
      <div id="PN">
        <div style="WIDTH: 100%; TEXT-ALIGN: center">&#160;</div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">&#160;</div>
      </div>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
  </body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>v201942_ex99-1.htm
<TEXT>

<html>

<head>

<META content="text/html; charset=utf-8">

</META>

</head>

<body style="font-size:10pt;font-family:Arial;color:black;">

<div style="width:100%;margin-left:10pt">

<p style="text-align:center">

<b>
Mesa Labs Reports Record Revenues and Operating Income
</b>

</p>

</div>

<div style="width:100%;margin-left:10pt;">

<div style="margin:0;margin-top:16pt;">

<p>
LAKEWOOD, Colo., Nov. 10, 2010 /PRNewswire-FirstCall/ -- Mesa Laboratories, Inc. (Nasdaq: MLAB) today reported a 43 percent increase in revenue and an 18 percent increase in operating income for the fiscal second quarter ended September 30, 2010, establishing new records for both revenue and operating income.
</p>

<p>

<i>
Highlights:
</i>

</p>

<ul type="disc">

<li>

<i>
Second quarter revenues increased 43% compared to the same period last fiscal year
</i>

</li>

<li>

<i>
Quarterly operating income increased to $2,323,000, setting a new record
</i>

</li>

<li>

<i>
Quarterly non-GAAP adjusted earnings per share increased 20% to $0.48(1)
</i>

</li>

<li>

<i>
Year to date non-GAAP net income increased 28% to $3,062,000(1)
</i>

</li>

</ul>

<br />

<p>
For the second quarter of fiscal 2011, net sales increased 43 percent to $7,754,000 from $5,407,000 in the same quarter last year. &#160;GAAP net income for the quarter increased 15 percent to $1,429,000 or $.43 per diluted share compared to $1,243,000 or $.38 per diluted share one year ago.
</p>

<p>
For the first six months of fiscal 2011, net sales increased 46 percent to $15,209,000 from $10,383,000 in the same period last year. &#160;Net income for the first six months increased 21 percent to $2,749,000 or $.83 per diluted share compared to $2,269,000 or $.69 per share one year ago. &#160;
</p>

<p>
On a non-GAAP basis, adjusted net income for the second quarter of fiscal 2011 increased 22 percent to $1,592,000 or $.48 per diluted share of common stock compared to $1,302,000 or $.40 per diluted share of common stock last year. &#160;For the first six months of fiscal 2011, adjusted net income increased 28 percent to $3,062,000 or $.92 per diluted share of common stock compared to $2,394,000 or $.73 per diluted share of common stock during the same period last year. &#160;See the note below for an explanation of the calculation of adjusted net income and adjusted net income per share.
</p>

<p>
&#34;The second quarter of fiscal 2011 was another very good quarter for Mesa,&#34; said John J. Sullivan, President and Chief Executive Officer. &#160;&#34;This was the first full quarter of revenues from the newly acquired SGM Biotech operations and, as a result, we posted record quarterly revenue. &#160;Both of Mesa&#39;s biological indicators businesses, SGM and Raven, had strong quarterly sales, driven by increasing demand for these consumable products worldwide. &#160;Our instrumentation businesses, consisting of the Medical, DataTrace, Torqo, and Nusonics lines, had mixed results for our second fiscal quarter, up six percent compared to this quarter last year, but down three percent from last quarter. &#160;We are still seeing some weakness in the capital equipment markets, especially outside the U.S. &#160;With new product introductions slated for these product lines in the months ahead and improving business conditions worldwide, we are hoping to see the revenues for our instrumentation lines improv
ing later this fiscal year and into the next. &#160;Fortunately, with Mesa&#39;s balanced portfolio of products, consisting of approximately half instruments and half consumables, our revenues tend to hold up well during times of weak economic conditions.&#34;
</p>

<p>
&#34;Mesa&#39;s profitability had to absorb one-time expenses in the first half of the year,&#34; continued John Sullivan. &#160;&#34;While our gross margins are holding up fairly well this fiscal year, one-time expenses associated with the SGM acquisition and income taxes along with increased intangibles amortization all combined to temper net income growth. &#160;In the first six months of our fiscal year, we had $153,000 of non-recurring acquisition expenses associated with the SGM acquisition and $70,000 in a tax expense related to prior periods. &#160;Nevertheless, our GAAP net income is up a healthy 21 percent so far this fiscal year. &#160;Net income on a non-GAAP basis(1), which is more reflective of Mesa&#39;s improved financial performance, is up 28 percent for the year-to-date. &#160;Going forward, we should continue to see improvement in Mesa&#39;s profitability, as we complete the integration of the SGM and Torqo businesses.&#34;
</p>

<p>
During the second quarter and six month period of fiscal 2011, sales of the Company&#39;s instrumentation products and services increased six percent and 14 percent, respectively, compared to the prior year period. &#160;The revenue increase in the second quarter was due to revenue added as a result of the Torqo acquisition in December, 2009, while the revenue increase in the six month period was due to Torqo and increased sales of the DataTrace and Nusonics products. &#160;
</p>

<p>
During the second quarter and six month period of fiscal 2011, sales of the Company&#39;s Biological Indicator products increased 122 percent and 111 percent, respectively, compared to the same period last year. &#160;The increase in Biological Indicator sales during the quarter and six month period was due to organic growth of 11 percent and eight percent, respectively, plus the revenue added as a result of the acquisition of SGM Biotech in April 2010.
</p>

<p>
Mesa Laboratories develops, acquires, manufactures and markets electronic instruments and disposables for industrial, pharmaceutical and medical applications.
</p>

<p>
This news release contains forward-looking statements which involve risks and uncertainties. &#160;The Company&#39;s actual results could differ materially from those in any such forward-looking statements. &#160;Additional information concerning important factors that could cause results to differ materially from those in any such forward-looking statement is contained in the Company&#39;s Annual Report on Form 10-K for the year ended March 31, 2010 as filed with the Securities and Exchange Commission, and from time to time in the Company&#39;s other reports on file with the Commission.
</p>

<div style="margin-bottom:.0001in; margin-top:.0001in">

<table cellspacing="0" cellpadding="1" style="border-collapse:collapse;border:none;">

<tr>

<td valign="top" style="padding: 0pt 5.4pt 2pt 5.4pt;">

<p style="margin:0in; white-space: nowrap;">

<font style="font-family:Arial;font-size:8pt;">
(1)
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">

<p style=" margin:0in;">

<font style="font-family:Arial;font-size:8pt;">
The non-GAAP measures of a
</font>

<font style="font-family:Arial;font-size:8pt;">
djusted net income and adjusted earnings per share are defined to exclude the impacts of non-cash intangibles amortization, net of its tax effects. A reconciliation between these non-GAAP measures and their GAAP counterparts is set forth in the table below, along with additional information regarding their use.
</font>

</p>

</td>

<td style="">

</td>

</tr>

<tr>

<td style="padding: 0pt 5.4pt 2pt 5.4pt;">

</td>

<td style="padding: 0pt 5.4pt 2pt 5.4pt;">

</td>

</tr>

</table>

<br />

<br />

</div>

<div style="margin-bottom:.0001in; margin-top:.0001in">

<table cellspacing="0" cellpadding="1" style="border-collapse:collapse;border:none;">

<tr>

<td valign="bottom" colspan="5" style="padding: 0pt 5.4pt 2pt 5.4pt;">

<p style="margin:0in; text-align: center; ">

<font style="font-family:Arial;font-size:8pt;">
FINANCIAL &#160;SUMMARY
</font>

</p>

<br />

<p style=" margin:0in;">

<u>

<font style="font-family:Arial;font-size:8pt;">
STATEMENT OF EARNINGS (Unaudited)
</font>

</u>

</p>

</td>

<td style="">

</td>

</tr>

<tr>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">

<br />

</td>

<td valign="bottom" colspan="2" style="padding: 0pt 5.4pt 2pt 5.4pt;">

<p style=" margin:0in;">

<font style="font-family:Arial;font-size:8pt;">
Quarter Ended September 30
</font>

</p>

</td>

<td valign="bottom" colspan="2" style="padding: 0pt 5.4pt 2pt 5.4pt;">

<p style=" margin:0in;">

<font style="font-family:Arial;font-size:8pt;">
Six Months Ended September 30
</font>

</p>

</td>

<td style="">

</td>

</tr>

<tr>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; ">

<br />

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: center; ">

<font style="font-family:Arial;font-size:8pt;">
2010
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: center; ">

<font style="font-family:Arial;font-size:8pt;">
2009
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: center; ">

<font style="font-family:Arial;font-size:8pt;">
2010
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: center; ">

<font style="font-family:Arial;font-size:8pt;">
2009
</font>

</p>

</td>

<td style="">

</td>

</tr>

<tr>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; ">

<p style=" margin:0in;">

<font style="font-family:Arial;font-size:8pt;">
Net Sales
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; padding-right: 9pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
$7,754,000
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; padding-right: 9pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
$5,407,000
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; padding-right: 9pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
$15,209,000
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; padding-right: 9pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
$10,383,000
</font>

</p>

</td>

<td style="">

</td>

</tr>

<tr>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; ">

<p style=" margin:0in;">

<font style="font-family:Arial;font-size:8pt;">
Cost of Goods
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 9pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
3,202,000
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 9pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
2,096,000
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 9pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
6,276,000
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 9pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
4,089,000
</font>

</p>

</td>

<td style="">

</td>

</tr>

<tr>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; ">

<p style=" margin:0in;">

<font style="font-family:Arial;font-size:8pt;">
Gross Profit
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; padding-right: 9pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
4,552,000
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; padding-right: 9pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
3,311,000
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; padding-right: 9pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
8,933,000
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; padding-right: 9pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
6,294,000
</font>

</p>

</td>

<td style="">

</td>

</tr>

<tr>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; ">

<p style=" margin:0in;">

<font style="font-family:Arial;font-size:8pt;">
Operating Expense
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 9pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
2,229,000
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 9pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
1,339,000
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 9pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
4,396,000
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 9pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
2,713,000
</font>

</p>

</td>

<td style="">

</td>

</tr>

<tr>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; ">

<p style=" margin:0in;">

<font style="font-family:Arial;font-size:8pt;">
Operating Income
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; padding-right: 9pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
2,323,000
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; padding-right: 9pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
1,972,000
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; padding-right: 9pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
4,537,000
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; padding-right: 9pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
3,581,000
</font>

</p>

</td>

<td style="">

</td>

</tr>

<tr>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; ">

<p style=" margin:0in;">

<font style="font-family:Arial;font-size:8pt;">
Other Expense &amp; (Income)
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 9pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
34,000
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 6pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
(7,000)
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 9pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
46,000
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 6pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
(12,000)
</font>

</p>

</td>

<td style="">

</td>

</tr>

<tr>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; ">

<p style=" margin:0in;">

<font style="font-family:Arial;font-size:8pt;">
Earnings Before Taxes
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; padding-right: 9pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
2,289,000
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; padding-right: 9pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
1,979,000
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; padding-right: 9pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
4,491,000
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; padding-right: 9pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
3,593,000
</font>

</p>

</td>

<td style="">

</td>

</tr>

<tr>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; ">

<p style=" margin:0in;">

<font style="font-family:Arial;font-size:8pt;">
Income Taxes
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 9pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
860,000
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 9pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
736,000
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 9pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
1,742,000
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 9pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
1,324,000
</font>

</p>

</td>

<td style="">

</td>

</tr>

<tr>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; border-bottom:double black 2.5pt; ">

<p style=" margin:0in;">

<font style="font-family:Arial;font-size:8pt;">
Net Income
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; border-bottom:double black 2.5pt; padding-right: 9pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
$1,429,000
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; border-bottom:double black 2.5pt; padding-right: 9pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
$1,243,000
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; border-bottom:double black 2.5pt; padding-right: 9pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
$2,749,000
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; border-bottom:double black 2.5pt; padding-right: 9pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
$2,269,000
</font>

</p>

</td>

<td style="">

</td>

</tr>

<tr>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:double black 2.5pt; ">

<br />

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:double black 2.5pt; ">

<br />

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:double black 2.5pt; ">

<br />

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:double black 2.5pt; ">

<br />

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:double black 2.5pt; ">

<br />

</td>

<td style="">

</td>

</tr>

<tr>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:double black 2.5pt; ">

<p style=" margin:0in;">

<font style="font-family:Arial;font-size:8pt;">
Earnings Per Share (Basic)
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:double black 2.5pt; padding-right: 9pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
$.44
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:double black 2.5pt; padding-right: 9pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
$.39
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:double black 2.5pt; padding-right: 9pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
$.85
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:double black 2.5pt; padding-right: 9pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
$.71
</font>

</p>

</td>

<td style="">

</td>

</tr>

<tr>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:double black 2.5pt; border-bottom:double black 2.5pt; ">

<p style=" margin:0in;">

<font style="font-family:Arial;font-size:8pt;">
Earnings Per Share (Diluted)
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:double black 2.5pt; border-bottom:double black 2.5pt; padding-right: 9pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
$.43
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:double black 2.5pt; border-bottom:double black 2.5pt; padding-right: 9pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
$.38
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:double black 2.5pt; border-bottom:double black 2.5pt; padding-right: 9pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
$.83
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:double black 2.5pt; border-bottom:double black 2.5pt; padding-right: 9pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
$.69
</font>

</p>

</td>

<td style="">

</td>

</tr>

<tr>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:double black 2.5pt; ">

<br />

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:double black 2.5pt; ">

<br />

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:double black 2.5pt; ">

<br />

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:double black 2.5pt; ">

<br />

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:double black 2.5pt; ">

<br />

</td>

<td style="">

</td>

</tr>

<tr>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:double black 2.5pt; ">

<p style=" margin:0in;">

<font style="font-family:Arial;font-size:8pt;">
Average Shares (Basic)
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:double black 2.5pt; padding-right: 9pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
3,231,000
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:double black 2.5pt; padding-right: 9pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
3,192,000
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:double black 2.5pt; padding-right: 9pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
3,222,000
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:double black 2.5pt; padding-right: 9pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
3,189,000
</font>

</p>

</td>

<td style="">

</td>

</tr>

<tr>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:double black 2.5pt; border-bottom:double black 2.5pt; ">

<p style=" margin:0in;">

<font style="font-family:Arial;font-size:8pt;">
Average Shares (Diluted)
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:double black 2.5pt; border-bottom:double black 2.5pt; padding-right: 9pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
3,315,000
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:double black 2.5pt; border-bottom:double black 2.5pt; padding-right: 9pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
3,294,000
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:double black 2.5pt; border-bottom:double black 2.5pt; padding-right: 9pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
3,311,000
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:double black 2.5pt; border-bottom:double black 2.5pt; padding-right: 9pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
3,272,000
</font>

</p>

</td>

<td style="">

</td>

</tr>

<tr>

<td style="padding: 0pt 5.4pt 2pt 5.4pt;">

</td>

<td style="padding: 0pt 5.4pt 2pt 5.4pt;">

</td>

<td style="padding: 0pt 5.4pt 2pt 5.4pt;">

</td>

<td style="padding: 0pt 5.4pt 2pt 5.4pt;">

</td>

<td style="padding: 0pt 5.4pt 2pt 5.4pt;">

</td>

</tr>

</table>

<br />

<br />

</div>

<div style="margin-bottom:.0001in; margin-top:.0001in">

<table cellspacing="0" cellpadding="1" style="border-collapse:collapse;border:none;">

<tr>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">

<p style=" margin:0in;">

<u>

<font style="font-family:Arial;font-size:8pt;">
BALANCE SHEETS (Unaudited)
</font>

</u>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">

<br />

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">

<br />

</td>

<td style="">

</td>

</tr>

<tr>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">

<br />

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">

<p style="margin:0in; text-align: center; ">

<font style="font-family:Arial;font-size:8pt;">
Sept. 30
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">

<p style="margin:0in; text-align: center; ">

<font style="font-family:Arial;font-size:8pt;">
March 31
</font>

</p>

</td>

<td style="">

</td>

</tr>

<tr>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; ">

<br />

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: center; ">

<font style="font-family:Arial;font-size:8pt;">
2010
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: center; ">

<font style="font-family:Arial;font-size:8pt;">
2010
</font>

</p>

</td>

<td style="">

</td>

</tr>

<tr>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; ">

<p style=" margin:0in;">

<font style="font-family:Arial;font-size:8pt;">
Cash and Cash Equivalents
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; padding-right: 6pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
$3,575,000
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; padding-right: 6pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
$10,471,000
</font>

</p>

</td>

<td style="">

</td>

</tr>

<tr>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; ">

<p style=" margin:0in;">

<font style="font-family:Arial;font-size:8pt;">
Other Current Assets
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 6pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
11,705,000
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 6pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
10,003,000
</font>

</p>

</td>

<td style="">

</td>

</tr>

<tr>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; ">

<p style=" margin:0in;">

<font style="font-family:Arial;font-size:8pt;">
Total Current Assets
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; padding-right: 6pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
15,280,000
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; padding-right: 6pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
20,474,000
</font>

</p>

</td>

<td style="">

</td>

</tr>

<tr>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">

<p style=" margin:0in;">

<font style="font-family:Arial;font-size:8pt;">
Property and Equipment
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
7,420,000
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
4,239,000
</font>

</p>

</td>

<td style="">

</td>

</tr>

<tr>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; ">

<p style=" margin:0in;">

<font style="font-family:Arial;font-size:8pt;">
Other Assets
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 6pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
20 ,454,000
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 6pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
8,926,000
</font>

</p>

</td>

<td style="">

</td>

</tr>

<tr>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; ">

<br />

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; ">

<br />

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; ">

<br />

</td>

<td style="">

</td>

</tr>

<tr>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:double black 2.5pt; ">

<p style=" margin:0in;">

<font style="font-family:Arial;font-size:8pt;">
Total Assets
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:double black 2.5pt; padding-right: 6pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
$43,154,000
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:double black 2.5pt; padding-right: 6pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
$33,639,000
</font>

</p>

</td>

<td style="">

</td>

</tr>

<tr>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:double black 2.5pt; ">

<br />

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:double black 2.5pt; ">

<br />

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:double black 2.5pt; ">

<br />

</td>

<td style="">

</td>

</tr>

<tr>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">

<br />

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">

<br />

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">

<br />

</td>

<td style="">

</td>

</tr>

<tr>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">

<p style=" margin:0in;">

<font style="font-family:Arial;font-size:8pt;">
Liabilities
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
$9,760,000
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
$2,442,000
</font>

</p>

</td>

<td style="">

</td>

</tr>

<tr>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; ">

<p style=" margin:0in;">

<font style="font-family:Arial;font-size:8pt;">
Stockholders&#39; Equity
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 6pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
33,394,000
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 6pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
31,197,000
</font>

</p>

</td>

<td style="">

</td>

</tr>

<tr>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; ">

<br />

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; ">

<br />

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; ">

<br />

</td>

<td style="">

</td>

</tr>

<tr>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:double black 2.5pt; ">

<p style=" margin:0in;">

<font style="font-family:Arial;font-size:8pt;">
Total Liabilities and Equity
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:double black 2.5pt; padding-right: 6pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
$43,154,000
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:double black 2.5pt; padding-right: 6pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
$33,639,000
</font>

</p>

</td>

<td style="">

</td>

</tr>

<tr>

<td style="padding: 0pt 5.4pt 2pt 5.4pt;">

</td>

<td style="padding: 0pt 5.4pt 2pt 5.4pt;">

</td>

<td style="padding: 0pt 5.4pt 2pt 5.4pt;">

</td>

</tr>

</table>

<br />

<br />

</div>

<div style="margin-bottom:.0001in; margin-top:.0001in">

<table cellspacing="0" cellpadding="1" style="border-collapse:collapse;border:none;">

<tr>

<td valign="bottom" colspan="5" style="padding: 0pt 5.4pt 2pt 5.4pt;">

<p style="margin:0in; text-align: center; ">

<font style="font-family:Arial;font-size:8pt;">
NON-GAAP ADJUSTED NET INCOME AND NON-GAAP
</font>

</p>

<p style="margin:0in; text-align: center; ">

<font style="font-family:Arial;font-size:8pt;">
DILUTED EPS RECONCILIATIONS
</font>

</p>

<p style="margin:0in; text-align: center; ">

<font style="font-family:Arial;font-size:8pt;">
(Unaudited)
</font>

</p>

<br />

</td>

<td style="">

</td>

</tr>

<tr>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">

<br />

</td>

<td valign="bottom" colspan="2" style="padding: 0pt 5.4pt 2pt 5.4pt;">

<p style="margin:0in; text-align: center; ">

<font style="font-family:Arial;font-size:8pt;">
Quarter Ended September 30
</font>

</p>

</td>

<td valign="bottom" colspan="2" style="padding: 0pt 5.4pt 2pt 5.4pt;">

<p style="margin:0in; text-align: center; ">

<font style="font-family:Arial;font-size:8pt;">
Six Months Ended September 30
</font>

</p>

</td>

<td style="">

</td>

</tr>

<tr>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; ">

<br />

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: center; ">

<font style="font-family:Arial;font-size:8pt;">
2010
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: center; ">

<font style="font-family:Arial;font-size:8pt;">
2009
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: center; ">

<font style="font-family:Arial;font-size:8pt;">
2010
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: center; ">

<font style="font-family:Arial;font-size:8pt;">
2009
</font>

</p>

</td>

<td style="">

</td>

</tr>

<tr>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; ">

<p style=" margin:0in;">

<font style="font-family:Arial;font-size:8pt;">
Net Income
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; padding-right: 6pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
$1,429,000
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; padding-right: 6pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
$1,243,000
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; padding-right: 6pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
$2,749,000
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; padding-right: 6pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
$2,269,000
</font>

</p>

</td>

<td style="">

</td>

</tr>

<tr>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">

<p style=" margin:0in;">

<font style="font-family:Arial;font-size:8pt;">
Intangibles Amortization, net of
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">

<br />

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">

<br />

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">

<br />

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">

<br />

</td>

<td style="">

</td>

</tr>

<tr>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; ">

<p style=" margin:0in;">

<font style="font-family:Arial;font-size:8pt;">
 &#160;tax effect
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 6pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
163,000
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 6pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
59,000
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 6pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
313,000
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-bottom:solid black 1pt; padding-right: 6pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
125,000
</font>

</p>

</td>

<td style="">

</td>

</tr>

<tr>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; border-bottom:double black 2.5pt; ">

<p style=" margin:0in;">

<font style="font-family:Arial;font-size:8pt;">
Adjusted Net Income
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; border-bottom:double black 2.5pt; padding-right: 6pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
$1,592,000
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; border-bottom:double black 2.5pt; padding-right: 6pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
$1,302,000
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; border-bottom:double black 2.5pt; padding-right: 6pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
$3,062,000
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:solid black 1pt; border-bottom:double black 2.5pt; padding-right: 6pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
$2,394,000
</font>

</p>

</td>

<td style="">

</td>

</tr>

<tr>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:double black 2.5pt; ">

<p style=" margin:0in;">

<font style="font-family:Arial;font-size:8pt;">
Fully Diluted Shares Outstanding
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:double black 2.5pt; padding-right: 6pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
3,315,000
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:double black 2.5pt; padding-right: 6pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
3,294,000
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:double black 2.5pt; padding-right: 6pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
3,311,000
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;border-top:double black 2.5pt; padding-right: 6pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
3,272,000
</font>

</p>

</td>

<td style="">

</td>

</tr>

<tr>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;">

<p style=" margin:0in;">

<font style="font-family:Arial;font-size:8pt;">
Adjusted EPS
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
$0.48
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
$0.40
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
$0.92
</font>

</p>

</td>

<td valign="bottom" style="padding: 0pt 5.4pt 2pt 5.4pt;padding-right: 6pt; ">

<p style="white-space: nowrap;  margin:0in; text-align: right; ">

<font style="font-family:Arial;font-size:8pt;">
$0.73
</font>

</p>

</td>

<td style="">

</td>

</tr>

<tr>

<td style="padding: 0pt 5.4pt 2pt 5.4pt;">

</td>

<td style="padding: 0pt 5.4pt 2pt 5.4pt;">

</td>

<td style="padding: 0pt 5.4pt 2pt 5.4pt;">

</td>

<td style="padding: 0pt 5.4pt 2pt 5.4pt;">

</td>

<td style="padding: 0pt 5.4pt 2pt 5.4pt;">

</td>

</tr>

</table>

<br />

<br />

</div>

<p>
The non-GAAP measures of adjusted net income and adjusted earnings per share presented in the reconciliation above are defined to exclude the impacts of non-cash intangibles amortization, net of their tax effects. &#160;The tax effect is calculated using the average corporate rate for that period multiplied by the elimination. &#160;We believe that excluding these acquisition related expenses provides the ability to understand the benefits of acquisitions based on their cash return.
</p>

<p>
We provide non-GAAP net income and non-GAAP earnings per share amounts in order to provide meaningful supplemental information regarding our operational performance. &#160;Our management uses non-GAAP measures to evaluate the performance of our business and to compensate employees. &#160;This information facilitates our management&#39;s internal comparisons to our historical operating results as well as to the operating results of our competitors. &#160;Since management finds this measure to be useful, we believe that our investors can benefit by evaluating both our non-GAAP and our GAAP results.
</p>

<p>
Our management recognizes that items such as amortization of intangibles can have a material impact on our net income. &#160;To gain a complete picture of all effects on the company&#39;s profit and loss from any and all events, management does (and investors should) rely upon the GAAP income statement. &#160;The non-GAAP numbers focus instead upon the core operating business of the company.
</p>

<p>
Readers are reminded that non-GAAP measures are merely a supplement to, and not a replacement for, or superior to our financial measures prepared according to GAAP. &#160;They should be evaluated in conjunction with the GAAP financial measures. &#160;It should be noted as well that our non-GAAP information may be different from the non-GAAP information provided by other companies.
</p>

<br />

<br />

<p>
CONTACT: &#160;John J. Sullivan, Ph.D., President and CEO, or Steven W. Peterson, CFO, both of Mesa Laboratories, Inc., +1-303-987-8000
</p>

</div>

</div>

</body>

</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
