EX-99.1 2 c11576exv99w1.htm EXHIBIT 1 Exhibit 1
         
EXHIBIT 1
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k) (1) (iii) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them of a Statement on Schedule 13D dated Janaury 28, 2011 (including amendments thereto) with respect to the Ordinary Shares, NIS 0.1 Par Value, of Magal Security Systems Ltd. This Joint Filing Agreement shall be filed as an Exhibit to such Statement.
Dated: January 28, 2011
         
  Prescott Group Capital Management, L.L.C.
 		  
  By:   /s/ Phil Frohlich    
    Phil Frohlich, Managing Member   
       
  Prescott Group Aggressive Small Cap, L.P.

By: Prescott Group Capital Management,
L.L.C., its general partner  		  
     
  By:   /s/ Phil Frohlich    
    Phil Frohlich, Managing Member   
       
  Prescott Group Aggressive Small Cap II, L.P.

By: Prescott Group Capital Management,
L.L.C., its general partner  		  
     
  By:   /s/ Phil Frohlich    
    Phil Frohlich, Managing Member   
       
  Phil Frohlich
 		  
  By:   /s/ Phil Frohlich    
    Phil Frohlich   
       

 

 

 

         
ANNEX A
                         
    Shares Purchased/     Approximate Price        
Date   (Sold)     Per Share     Total Cost  
12/14/2010
     4,950     $ 3.15     $ 15,612  
12/14/2010
     50     $ 3.16     $ 158  
12/14/2010
     6,500     $ 3.19     $ 20,729  
1/26/2011
     7,176     $ 2.93     $ 21,020  
1/26/2011
     824     $ 2.89     $ 2,384