Astrocom Announces Subscriptions for Secured Notes.

Business Editors/High-Tech Writers

MINNEAPOLIS--(BUSINESS WIRE)--Dec. 23, 2002

Astrocom Corporation (OTCBB:ATCC)--Astrocom Corporation today announced that it has received subscriptions for $500,000 in secured convertible notes and expects to close on such subscriptions within the next 7 to 10 days.

The notes were primarily offered only to accredited investors holding subordinated convertible promissory notes issued by Astrocom in April and July 2002.

The notes bear an interest rate of 12% per annum and are convertible into shares of the company's common stock at $.05 per share. At closing, the company will grant to such investors a security interest in all of the company's assets, except accounts receivable.

The offer and sale of the notes has not been registered under the Securities Act of 1933, as amended, or the securities laws of any state, and may not be resold or otherwise transferred unless the resale or transfer is subsequently registered under the Act and applicable state securities laws or unless exemptions from such registration are available.

Astrocom Corporation

Astrocom Corporation (ATCC) develops, manufactures, markets and services electronic devices, used in wide area data, voice and video communications including Wide Area Network (WAN) line aggregation and automatic fail-over solutions. Since 1968, Astrocom products have been utilized by private enterprises, health care providers, government and educational entities, banks and Internet service providers that require highly reliable redundant digital communication links to the Internet and between facilities.