Aerosonic Announces First Quarter Results.

CLEARWATER, Fla.--(BUSINESS WIRE)--June 14, 1999--

Aerosonic Corp. (AMEX:AIM) announced Monday its operating results for the quarter ended April 30, 1999.

Gross profit as a percentage of net sales for the first quarter of FY2000 increased to 40% compared to 38% during the prior year period.

Net income for the quarter ended April 30, 1999 was $49,000, or $0.01 per share. This represents a decline in net profit for the three months ended April 30, 1999 from the corresponding period in the prior fiscal year resulting primarily from increased research and development and marketing expenditures in the current period. These increased R&D and marketing expenditures were part of the company's business plan and related to the development of new programs including the Precision Components Division as well as new military programs. -0-

                           AEROSONIC CORP.

                                   Three Months Ended
                                        April 30,
                                   1999          1998

Net Sales                      $ 4,894,000   $ 5,328,000
Gross Profit                     1,965,000     2,033,000
  Profit Before Taxes               79,000       442,000
Income Tax Expense                  30,000       159,000
Net Income                     $    49,000   $   283,000
Net Income Per Share           $      0.01   $      0.07
Basic Weighted Average
  Shares Outstanding             3,948,000     3,938,000
Diluted Weighted Average
  Shares Outstanding             3,948,000     3,939,000

This press release contains statements that constitute "forward-looking" statements within the meaning of the Securities Act of 1933 and the Securities Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. "Forward-looking" statements contained in this press release include the intent, belief or current expectations of the company and its senior management team with respect to the future prospects of the company's operations, and belief concerning profits from operations in the first quarter of FY2000 and the company's overall future business prospects, as well as the assumptions upon which such statements are based. Investors are cautioned that any such forward-looking statements are not guarantees of future performance, and involve risks, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those contemplated by the forward-looking statements in this press release include, but are not limited to, adverse developments with respect to the operations of the company's business units, failure to meet operating objectives or to execute the business plan, and the failure to reach revenue or profit projections. The company undertakes no obligation to update or revise the forward-looking statements contained in this press release to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time.