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 |