Measurement Specialties Files FY02 Form 10K and FY03 Form 10Q

Oct 29, 2002, 00:00 ET from Measurement Specialties

    FAIRFIELD, N.J., Oct. 29 /PRNewswire/ --
 Measurement Specialties (Amex:   MSS) today announced they have filed their
 Annual Report on Form 10K for the fiscal year ended March 31, 2002, as well as
 their Quarterly Report on Form 10Q for the three month period ended June 30,
 2002.  The results for the six-month period ending September 30, 2002 are due
 by November 14, 2002.  The hearing with the American Stock Exchange to appeal
 the determination of the AMEX to delist the Company's common stock is
 scheduled for Thursday, October 31, at 4:30pm EST.
     The Company will host an investor conference call to answer questions
 regarding the fiscal 2001 restatement, the fiscal 2002 year end and fiscal
 2003 first quarter results.  The call will be held Thursday, October 31, at
 11:00 AM EST (US dialers: (800) 553-0329; International dialers:
 (612) 332-0342).
     Measurement Specialties is a designer and manufacturer of sensors, and
 sensor-based consumer products.  Measurement Specialties produces a wide
 variety of sensors that use advanced technologies to measure precise ranges of
 physical characteristics, including pressure, motion, force, displacement,
 angle, flow, and distance.  Measurement Specialties uses multiple advanced
 technologies, including piezoresistive, application specific integrated
 circuits (ASICs), micro-electromechanical systems (MEMS), piezopolymers, and
 strain gages to allow their sensors to operate precisely and cost effectively.
     This release includes forward-looking statements within the meaning of
 Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
 Securities and Exchange Act of 1934, as amended, including but not limited to,
 statements regarding the continued production of current product lines.
 Forward looking statements may be identified by such words or phases as
 "intends," "are expected to," "will continue," "is anticipated," "estimated,"
 "projected," "may," "continued listing on the exchange," "we believe," "future
 prospects," "continue to make solid progress," "return the Company to
 profitability" or similar expressions.  The forward-looking statements above
 involve a number of risks and uncertainties.  Factors that might cause actual
 results to differ include, but are not limited to, success of any
 reorganization; consummation of any contemplated sale of assets; ability to
 raise additional funds; the outcome of the class action lawsuits filed against
 the Company; the outcome of the current SEC investigation of the Company;
 conditions in the general economy and in the markets served by the Company;
 competitive factors, such as price pressures and the potential emergence of
 rival technologies; interruptions of suppliers' operations affecting
 availability of component materials at reasonable prices; timely development
 and market acceptance, and warranty performance of new products; success in
 integrating prior acquisitions; changes in product mix, costs and yields,
 fluctuations in foreign currency exchange rates; uncertainties related to
 doing business in Hong Kong and China; and the risk factors listed from time
 to time in the Company's SEC reports.  The Company is involved in an announced
 active disposition program.  Forward-looking statements do not include the
 impact of acquisitions or dispositions of assets, which could affect results
 in the near term.  Actual results may differ materially.  The Company assumes
 no obligation to update the information in this issue.
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SOURCE Measurement Specialties