FOR IMMEDIATE RELEASE: 2010. Gross margins decreased to 10.5% for the three months ended December 31, 2011 versus 12.5% in the prior year’s quarter. Selling, general and administrative expense decreased by $0.3 million to $1.8 million for the quarter ended December 31, 2011. The lower expense was due to cost cutting measures implemented during prior quarters. For the quarter ended December 31, 2011, the Company…