ACRODYNE HOLDINGS, INC. ANNOUNCES FIRST QUARTER RESULTS.

BLUE BELL, Pa.--(BUSINESS WIRE)--May 15, 1995--Acrodyne Holdings, Inc. (NASDAQ: ACRO, ACROW, ACROU) today reported its results for the three months ended March 31, 1995.

Net sales for the first quarter ended March 31, 1995 rose 37% to $2,172,102 compared to $1,590,223 for the same period of the prior year. This dramatic increase is a result of the implementation of an aggressive selling strategy under the Company's new management team stemming from the October 1994 acquisition.

The operating loss for the first quarter was $156,873 compared to an operating profit of $47,890 a year earlier. The net loss for the first quarter was $186,477, or $(0.08) per share. No comparable per share amounts are available for the predecessor company.

The loss for the quarter is primarily the result of increased investments associated with the implementation of the Company's new marketing strategy and for research and development. During the quarter the Company experienced decreased gross margins as a result of the introduction of a new design for solid-state transmitters resulting in increased cost of sales, coupled with higher SG&A expenses attributable to the hiring of additional engineers and a Domestic Sales Manager, increased R&D efforts and other general increases in administrative costs. Gross profit, however, was higher for the quarter due to the higher sales levels achieved.

A. Robert Mancuso, Chairman and CEO, commented, "We are very pleased with the results of our first full quarter of operations since the acquisition and public offering in October 1994. We are on target with our strategic plan and the results for the quarter exceeded our goals. We expect to make additional investments to our R&D effort and for the continued implementation of our marketing strategy for the balance of 1995."

Acrodyne Industries, Inc., the operating subsidiary of Acrodyne Holdings, Inc., is an established and respected manufacturer of television broadcast equipment. In business over 20 years, the Company has developed the leading position as a technologically advanced, high quality low cost producer of transmitters and translators used by television stations to broadcast and retransmit over-the-air signals. -0-

                          ACRODYNE HOLDINGS, INC.
                            SUMMARY OF RESULTS
                                (Unaudited)

                                           Three Months
                                          Ended March 31,
                                       1995           1994

Revenues                             $2,172,102     $1,590,223

Gross Profit                            659,282        525,558

Total Operating Expenses                816,155        477,668

Operating Profit/(Loss)                (156,873)        47,890

Other Income/(Expense)                  (29,604)       172,362(a)

Net Income/(Loss)                     $(186,477)      $220,252

Net Income/(Loss) Per Share              $(0.08)        $ N/A(b)

Weighted Average Common
 Shares Outstanding                   2,385,280           N/A(b)

(a) Includes unusual amount relating to forfeiture of customer deposit
due to customer's breach of contract.

(b) Comparable predecessor company per share and shares outstanding amounts
are not meaningful.

CONTACT: Acrodyne Holdings, Inc., Blue Bell

A. Robert Mancuso, [phone]

or

Wolfe Axelrod Associates, New York 

Stephen D. Axelrod or Mona J. Walsh, [phone]