Ault Incorporated Establishes Relationship With Associated Bank.

Business Editors

MINNEAPOLIS--(BUSINESS WIRE)--May 21, 2003

Ault, Incorporated (Nasdaq:AULT) reported that, effective May 15, 2003 the Company has established a relationship with Associated Bank. The agreement involves both a credit facility and cash management services.

Frederick M. Green, Ault president and chief executive officer, commented, "We are pleased to close this transaction and look forward to working with Associated. This relationship will enhance our flexibility in managing our business and meeting the opportunities available in the marketplace."

Ault designs, manufactures, and markets power conversion products. The Company is a leading supplier to original equipment manufacturers of telecommunications equipment, computer peripherals and medical equipment. Ault's power conversion products are used to provide power at various levels from 1 to 1200 watts for a wide variety of equipment.

Statements regarding Ault's anticipated future performance are forward-looking and therefore involve risks and uncertainties that could cause results or developments to differ significantly from those indicated in the forward-looking statements. These include, but are not limited to: market conditions in the global electronics industry, buying patterns of major customers, competitive products and technologies, the ability to control expense growth, and other factors set forth in the Company's filings with the Securities and Exchange Commission.