ADVISORY/Telephonics Corporation Sponsors 'Jobs For New York: Buy America' Rally.

Assignment Editors

ADVISORY...For May 28th (Photo Ops)

--(BUSINESS WIRE)

WHAT: To raise the awareness of the American public to the pattern
      of indifference and inconsistent interpretation and
      application of the "Buy America" statute in the Federal
      Acquisition Regulations and requirements for New York State
      content.

      Moderator: Matthew T. Crosson, President, Long Island
      Association

      Invited Guests: Governor George E. Pataki, United States,
      Senator Hillary Rodham-Clinton, United States Senator
      Charles E. Schumer, Congressman Gary Ackerman, Congressman
      Timothy Bishop, Congressman Peter T. King, Congressman
      Steve Israel, Congresswoman Carolyn McCarthy, Congressman
      Jerrold Nadler, New York State Senator Michael A.L.
      Balboni, New York State Senator Charles J. Fuschillo, Jr.,
      New York State Senator Kemp Hannon, New York State Senator
      Owen H. Johnson, New York State Senator Ken P. LaValle,
      New York State Senator Carl L. Marcellino, New York State
      Senator Dean G. Skelos, New York State Senator Caesar
      Trunzo, Empire State Development Chairman, Charles
      Gargano, Nassau County Executive, Thomas Suozzi, Suffolk
      County Executive, Robert J.Gaffney

WHEN/WHERE:  Wednesday, May 28th; Rally Begins at 10:00 a.m.
             The American Airpower Museum
             Republic Airport (New Highway Hangars)
             Farmingdale, New York


BACKGROUND:  The "Buy America" issue extends well beyond Telephonics
             Corporation, Long Island and New York State.  It is a
             national issue that impacts the industrial and
             technological base throughout the United States and has
             direct consequences in job erosion, balance of trade and
             potentially national security.  In spite of receiving
             fully compliant, competitive proposals from viable U.S.
             suppliers, Federal and State Government Agencies, such as
             the Federal Transportation Administration (FTA), the
             Metropolitan Transportation Authority (MTA) and the New
             York City Transit Authority (NYCT) and their prime
             contractors may award major programs to foreign firms at
             the expense of Long Island, New York State and U.S. jobs.

             We must ensure that the Buy America and New York State
             content obligations of these (and other) procurements are
             not ignored, watered-down or compromised, so that the
             procurement practices of federal and state government
             agencies, such as the FTA, MTA and NYCT and their primes
             meet the full intent of the regulations.  Foreign firms
             must not be afforded unfair advantages to the detriment
             of fully qualified and price competitive New York and
             U.S. based firms.