[NEWS RELEASE CONTACT: Gary S. Maier Maier & Company, Inc. (310) 442-9852 HIGHWAY HOLDINGS REPORTS FISCAL 2012 FIRST QUARTER RESULTS HONG KONG —August 15, 2011 — Nasdaq: HIHO Net sales for the fiscal first quarter were $6.46 million compared with $6.45 million a year earlier. Net income for the same period climbed sharply to $381,000, or $0.10 per diluted share,]