Exhibit 99.1

Allied Motion Reports Improved Profits for 2008 but Downturn in the Fourth Quarter

DENVER--(BUSINESS WIRE)--March 2, 2009--

Allied Motion Technologies Inc. (NASDAQ: AMOT) today announced it achieved a 21% increase in net income and a 2% increase in sales for 2008 over last year. For the year ended December 31, 2008, Allied achieved net income of $2,909,000, or $.39 per fully diluted share compared to $2,396,000 or $.33 per diluted share for the year ended December 31, 2007. Revenues for this year were $85,967,000 compared to $84,559,000 last year. Backlog at December 31, 2008 was $23,570,000 which is down 26% from the same time last year.

During the fourth quarter of 2008, the Company achieved net income to $280,000 or $.04 per diluted share compared to $648,000 or $.09 per diluted share for the same period last year. Revenues for the quarter ended December 31, 2008 were $17,568,000 compared to $21,267,000 last year, a decrease of 17%.

“We are pleased with the profit improvement we achieved during 2008,” commented Dick Smith, CEO of Allied Motion. “While we were able to achieve continuous improvements in sales and profit through our third quarter, the economic downturn caught up to us in the fourth quarter resulting in a drop in sales and profit compared to last year and to the third quarter. The economic downturn started to have an adverse effect on us earlier in the year in our banking and construction related markets, and then late in the third quarter, we experienced further softness in more of our markets, and then in the fourth quarter, the downturn adversely affected virtually all of our markets to varying degrees. Our backlog at year end is down 26% from the same time last year. We have and will continue to take actions to try and mitigate the adverse effects this economic downturn has on the Company. While the economy is down, we will continue to improve our efficiencies, finish development of new products and put ourselves in a strong position to begin growing the Company once the economy begins to turn around. Contributing to the drop in sales and profit in the fourth quarter was the disruption to the operations of our facility located in Chatsworth, California caused by the fire that occurred on October 11, 2008, as was previously reported. The sales from this facility accounts for less than 10% of Allied Motion’s consolidated revenues. As was reported on January 20, 2009, all production lines have been relocated to a new facility and are now operating at or near the levels required to meet current customer requirements. I am also pleased to report that we ended the year with a strong cash position having increased our cash during 2008 by $3.7 million to a balance of $4.2 million at year end, and we reduced our total bank debt during the year by $1.6 million leaving us with a balance of $2.8 million of term debt. While we address the effects of the economic downturn, we will continue to execute our strategy which continues to build the foundation necessary to achieve our long-term goals for growth in sales and profitability, as well as to facilitate our continued expansion into the motion industry.”

Headquartered in Denver, Colorado, Allied Motion designs, manufactures and sells motion control products into applications that serve many industry sectors. Allied Motion is a leading supplier of precision and specialty motion control components and systems to a broad spectrum of customers throughout the world.


The following information was filed by Allied Motion Technologies Inc (AMOT) on Monday, March 2, 2009 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Allied Motion Technologies Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Allied Motion Technologies Inc.

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue

FREE Financial Statements


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator


Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not

Continue

Financial Stability Report


Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity

Continue

Get a Better Picture of a Company's Performance


Financial Ratios
Available Financial Ratios
Last10K.com Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years

Continue

Log in with your credentials

or    

Forgot your details?

Create Account