Arthur Reynolds Joins Apogee Board of Directors.

Business Editors/High-Tech Writers

NORWOOD, Mass.--(BUSINESS WIRE)--Jan. 30, 2004

Apogee Technology, Inc. (AMEX: ATA), a leading provider of digital audio amplification solutions, is pleased to announce the appointment of Arthur Reynolds to its board of directors. Mr. Reynolds is the Founder and Managing Director of Rexon Limited of London and New York and brings his extensive international finance and business expertise to Apogee's Board.

Herbert M. Stein, Apogee's CEO and Chairman of the Board said, "Mr. Reynolds brings a wealth of knowledge and experience to Apogee's Board. We are very pleased and fortunate to be able to add his extensive global finance and business capabilities to our Board of Directors and to the Audit Committee of the Board. Mr. Reynolds' experience in corporate finance and understanding of capital markets will be extremely helpful in our efforts to build our business and maximize shareholder value."

Mr. Reynolds has a record of successful technology company and equity fund financings in the United States, Asia, Europe and other countries. Mr. Reynolds has managed three financing companies, completing transactions of over $2 billion, including the raising of $275 million of equity finance for a series of transactions led by Sir James Goldsmith. Mr. Reynolds has held executive positions at Merrill Lynch, Banque de la Societe Financiere Europeenee, J.P. Morgan & Company and Mobil Corporation.

About Apogee Technology, Inc.

Apogee Technology, Inc., designs, develops and markets integrated circuits that incorporate the company's patented Direct Digital Amplification (DDX(R)) technology. This all-digital, high efficiency audio amplifier technology has significant commercial benefits including enhanced sound quality, expanded functionality, reduced product size and lower manufacturing costs compared to traditional analog amplifier solutions. The company markets and sells its DDX ICs to leading digital consumer electronic corporations worldwide. For more information please visit our web site at: http://www.apogeeddx.com.

DDX(R) is a registered trademark of Apogee Technology, Inc. All other product names noted herein may be trademarks of their respective holders. Certain statements made herein that use the words "estimate", "project", "intend", "plan", "expect", "believe" and similar expressions are intended to identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks and uncertainties, which could cause the actual results, performance or achievements of the company to be materially different from those which may be expressed or implied. Please refer to the company's risk factors as set forth in the company's filings with the Securities and Exchange Commission, including its reports on Form 10-KSB and 10-QSB.