Apex and Cybex Merger Declared Effective by SEC.

Business Editors & High-Tech Writers

REDMOND, Wash., and HUNTSVILLE, Ala.--(BUSINESS WIRE)--June 2, 2000

Apex Inc. (Nasdaq:APEX) and Cybex Computer Products Corporation (Nasdaq:CBXC) announced today that the registration statement on Form S-4 that contains the joint proxy statement/prospectus with respect to the proposed merger of Apex and Cybex has been declared effective by the Securities and Exchange Commission. The companies also announced that the pre-merger waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 applicable to the merger has expired, and that a similar waiting period under Irish law has been terminated without any action by Irish authorities.

Apex and Cybex expect to mail their respective proxy statements to shareholders on or about June 5, 2000. The special shareholders meetings for Apex and Cybex are scheduled for June 30, 2000.

FORWARD-LOOKING STATEMENTS 

This press release contains statements that are forward-looking statements as defined within the Private Securities Litigation Reform Act of 1995. These include statements regarding the anticipated date for the shareholder meetings to approve the merger. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the statements made, including the risks associated with the regulatory and shareholder approvals required in connection with the merger. Other factors that could cause operating and financial results to differ are described in the two companies' Securities and Exchange Commission filings, including their Forms 10-K and 10-Q and the Aegean Sea Inc. Form S-4, and include other risks detailed from time to time in their reports to be filed with the SEC. Neither Apex nor Cybex undertakes any obligation to publicly release the result of any revisions to forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

ADDITIONAL INFORMATION AND WHERE TO FIND IT

Aegean Sea Inc., the new parent company of Apex and Cybex following the merger, filed with the SEC a registration statement on Form S-4 on March 31, 2000 (file no. 333-33768). In connection with the merger, Apex and Cybex expect to mail a joint proxy statement/prospectus, which is part of the registration statement, to shareholders of Apex and Cybex containing information about the merger. Shareholders of Apex and Cybex are urged to read the joint proxy statement/prospectus included in the registration statement and any other relevant documents filed with the SEC. The joint proxy statement/prospectus contains important information about Apex, Cybex, the merger, the persons soliciting proxies related to the merger, and related matters that should be considered by shareholders before making any decision regarding the merger and related transactions. The registration statement and other documents filed with the SEC are available free of charge on the SEC website at www.sec.gov and from the Apex and Cybex contacts listed above.

In addition to the registration statement and the joint proxy statement/prospectus, Apex and Cybex file annual, quarterly and special reports, proxy statements and other information with the SEC. You may read and copy any reports, statements or other information filed by Apex or Cybex at the SEC Public Reference Rooms at 450 Fifth Street, N.W., Washington, D.C. 20549 or at any of the SEC's other public reference rooms in New York, Chicago, and Illinois. Please call the SEC at 1-800-SEC-0330 for further information on the public reference rooms. Apex's and Cybex's filings with the commission are also available free of charge to the public from commercial document-retrieval services and at the website maintained by the SEC at http://www.sec.gov. These documents may also be obtained from the Apex and Cybex contacts listed above.

PERSONS INVOLVED IN THE SOLICITATION ON BEHALF OF APEX

In connection with the proposed merger, Apex will solicit proxies from its shareholders to approve the merger. Apex, its officers and directors and Aegean Sea Inc., the new parent company in the proposed merger, may be deemed to be participants in the solicitation of proxies from Apex's shareholders or from Cybex's shareholders with respect to the merger involving Apex and Cybex. The members of Apex's Board of Directors and the officers of Apex who may participate in the solicitation of proxies are identified in the communication filed by Apex on June 2, 2000, pursuant to Rule 425. Information regarding these officers and directors and their affiliations is included in Apex's Annual Report on Form 10-K for the year ended December 31, 1999. These documents are available free of charge at the SEC's website at www.sec.gov and from the Apex contact listed above.

Certain officers and directors of Apex may have direct or indirect interests in the merger by virtue of their security holdings or otherwise that are different from or in addition to the interests of Apex shareholders. You should read the section of the Registration Statement on Form S-4 filed by Aegean Sea Inc. on March 31, 2000 (SEC File No. 333-33768), entitled "The Mergers -- Interests of Apex directors, officers and affiliates in the mergers" for a detailed discussion of these interests.

PERSONS INVOLVED IN THE SOLICITATION ON BEHALF OF CYBEX

In connection with the proposed merger, Cybex will solicit proxies from its shareholders to approve the merger. Cybex, its officers and directors and Aegean Sea Inc. may be deemed to be participants in the solicitation of proxies from Cybex's shareholders or from Apex's shareholders with respect to the merger involving Apex and Cybex. The members of Cybex's Board of Directors and the officers of Cybex who may participate in the solicitation of proxies are identified in the communication filed by Apex on June 2, 2000, pursuant to Rule 425. Information regarding these officers and directors and their affiliations is included in the Registration Statement on Form S-4 filed by Aegean Sea Inc. on March 31, 2000 (SEC File No. 333-33768), or in Cybex's Annual Report on Form 10-K for the year ended March 31, 1999. These documents are available free of charge at the SEC's website at www.sec.gov and from the Cybex contact listed above.

Certain officers and directors of Cybex may have direct or indirect interests in the merger by virtue of their security holdings or otherwise that are different from or in addition to the interests of Cybex shareholders. You should read the section of the Registration Statement on Form S-4 filed by Aegean Sea Inc. on March 31, 2000 (SEC File No. 333-33768), entitled "The Mergers -- Interests of Cybex directors, officers and affiliates in the mergers" for a detailed discussion of these interests.