Aerosonic Announces Stock Repurchase Program.

CLEARWATER, Fla.--(BUSINESS WIRE)--Oct. 9, 1998--Aerosonic Corp. (AMEX:AIM) announced Friday that its board of directors has authorized the repurchase of up to 10% of the outstanding shares of the company's common stock, which is approximately 390,000 shares.

The stock repurchase program will be conducted over the next 12 months.

Aerosonic said it would repurchase its common stock from time to time, through open market purchases or in negotiated private transactions. The company said it will base repurchase decisions on such factors as the stock price and general economic and market conditions. J. Mervyn Nabors, Aerosonic's chief excutive officer, said: "We have adopted a stock repurchase program because we believe that our current stock price is particularly attractive and we continue to remain on track with our business plan. Using our financial resources to buy our stock is an excellent method of providing value to our shareholders."

This press release contains statements that constitute "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. "Forward-looking" statements contained in this press release include the belief of the company and its senior management team with respect to the current price of Aerosonic stock and the future prospects of the company, 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, involve uncertainties, known and unknown risks, other factors, and the actual results may differ materially from those expressed or implied by such forward-looking statements. Factors currently known to management that could cause actual results to differ materially from those expressed or implied by such 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, the failure to reach revenue or profit projections, the availability of cash to dedicate to the stock repurchase program and market conditions. The company undertakes no obligation to update or revise the forward-looking statements contained in this press release.