CHYRON CORPORATION REPORTS RECORD REVENUE AND RECORD NET INCOME FOR 1995; Earnings Per Share Increased to $.08 From a Loss of $.10 Per Share for the Previous Year.

MELVILLE, N.Y.--(BUSINESS WIRE)--February 14, 1996--Chyron Corporation (NYSE:CHY) today announced results for the fourth quarter and year ended December 31, 1995.

Revenues for the year ended December 31, 1995 increased to $54.0 million, up 26% from the $42.8 million reported in 1994. Operating income increased to $8.5 million in 1995 from a loss of $8.5 million in 1994. Operating income for the period rose 115% to $9.1 million over 1994 comparable amounts of $4.2 million, exclusive of the West Coast Restructuring charge in 1994 and recapture in 1995, as well as the Sepa Technologies management fee buyout charge in 1995 of $2.0 million. Chyron noted that the management fee buyout was made for significantly less than the expected cost of the contract over the full term.

Net income increased to $7.5 million or $.08 per share versus the prior year net loss of $9 million and a loss of $.10 per share (which includes the $12.7 million West Coast Restructuring Charge). The 1995 effective tax rate for income taxes provided was 6% due to $2.3 million in tax benefits recognized in the current year income tax provision as a result of the reduction in the valuation allowance provided on the deferred tax assets. The valuation allowance was partially reduced as a result of current and projected positive performance.

Revenues for the fourth quarter of 1995 amounted to a record $15.4 million, a 35% increase over the $11.4 million reported for the prior year period. Operating income for the fourth quarter, excluding the charge of $2.0 million resulting from the buyout of the management fee and a non-recurring credit for the recapture of the unused 1994 restructuring charge, amounted to $3.9 million compared to operating income of $2.2 million for the prior year fourth quarter. Actual net income of $3.6 million or $.04 per share for the final quarter compares to $2.1 million or $.02 per share for the fourth quarter of 1994.

As of December 31, 1995, current assets were $37.6 million and current liabilities were $9.4 million, resulting in a current ratio of 4.0 to 1.0 and working capital of $28.2 million.

In commenting on 1995 results, Michael Wellesley-Wesley, Chyron's Chairman and Chief Executive Officer, stated, "Chyron achieved several significant corporate milestones in 1995. The 26% revenue increase to $54 million set a new record and reflects strong domestic and international sales of Chyron's core iNFiNiT! family of products, which includes the iNFiNiT!, MAX!> and MAXINE! graphics systems. Net income of $7.5 million was also a record. Revenues per employee increased to a record $288,000, up 38% from 1994 and 77% from 1993. Higher sales volume, coupled with production efficiencies and strengthened financial controls, resulted in Chyron's gross and operating profit margins improving steadily throughout 1995."

Mr. Wellesely-Wesley continued, "As important, the Company took certain steps during 1995 which were designed to strengthen Chyron's industry leadership position and increase its ability to further enhance shareholder value in 1996 and beyond. These include:

Installing a new senior management team in July 1995.

Completing the restructuring initiated in 1994.

Terminating peripheral non-core activities.

Increasing research and development spending in a focused manner.

Expanding the Board of Directors.

Strengthening the financial resources of the Company.

"The catalyst for these changes was the transfer in July 1995 of majority ownership of Chyron from the PESA/SEPA Group to a number of blue chip domestic institutional investors and high net worth individuals.

"These events created the confidence, energy and momentum which have resulted in Chyron's recent announcements of its intended acquisition of Pro-Bel Limited (United Kingdom) and its investment in RT-SET (Israel). Chyron's 1996 outlook is transformed by the proposed acquisition of Pro-Bel, a world leader in video switching equipment and systems. In 1995, Pro-Bel achieved record revenues of $27.2 million and operating profits of $2.1 million. The 19% investment in RT-SET with the option to acquire up to 51% gives Chyron a significant presence in the emerging Virtual Reality Studio market."

Isaac Hersly, Chyron's President and Chief Operating Officer, commented, "We are proud of Chyron's many accomplishments during 1995 and look forward to 1996 with great optimism. We plan to continue to grow our domestic and international sales by adding new offerings to our existing product lines, through both recent and intended acquisitions and Chyron's internal research and development efforts. Additionally, Chyron has been designated by the Atlanta Committee for the Olympic Games as an official supplier of graphics equipment for the broadcast of more than 300 hours of sports events coverage for the 1996 Summer Olympic Games. This year's Olympics will be televised to more than 100 countries around the world. Chyron's graphics systems will be used by NBC in televising Olympic events to audiences in the United States."

OUTLOOK FOR 1996

In closing, Michael Wellesley-Wesley stated, "1996 will certainly be an extraordinary year for television related industries. Commencing with last month's Super Bowl XXX, and continuing through the Summer Olympics in Atlanta and the election primaries, political conventions and campaigns, which will lead to the most publicized election in American history, we believe that the ever-increasing coverage of world events will afford increased opportunities for Chyron. The recent legislation signed into U.S. Law in February will expand the use of television by removing restrictions and opening new avenues for the transmission of televised 'content' to a world audience with an increased demand for entertainment, news, sports, education, communication, and business, as well as those seeking research and medical applications."

Chyron Corporation designs, manufactures and markets "enabling tools", including electronic character and graphic systems, editing systems, and software-based video paint and animation systems for the broadcast television, cable, video production, industrial and multimedia markets worldwide. -0-

                      CHYRON CORPORATION
          Condensed Consolidated Statements of Operations
                 (In thousands except per share data)

                            Three Months Ended       Year Ended
                               December 31,          December 31,
                             1995        1994      1995        1994

Net Sales                  $15,374      $11,376   $53,971     $42,761
Gross Margin                 9,548        6,743    31,225      23,850
Restructuring
 (Recapture) Charge           (788)           -    (1,339)     12,716
Management Fee Buyout        2,000            -     2,000           -
Operating Income (Loss)      2,662        2,238     8,482      (8,469)
Financial (Expense), Net       (87)         (99)     (536)       (525)
Income (Loss)
 Before Taxes                2,575        2,139     7,946      (8,994)
Income Taxes/Equivalent
 (Benefit) Provision        (1,007)           -       470           -
Net Income (Loss)           $3,582       $2,139    $7,476     $(8,994)

Earnings (Loss) Per
 Common Share(a)             $0.04        $0.02     $0.08      $(0.10)

Weighted Average Number
 of Common and Common
 Equivalent Shares
 Outstanding:               92,056       89,861    91,148      86,886

(a) Earnings per share is based on the weighted average number of
common shares outstanding during the period plus additional shares
issuable upon the assumed exercise of outstanding common stock
purchase warrants and stock options.
Fully diluted per share are not presented since such presentation
would not be materially different from primary earnings per share.

CONTACT: Chyron Corporation

Michael Wellesley-Wesley, Chairman & CEO

[phone]

Isaac Hersly, President & COO

[phone]

Judy Mauro, Director of Corporation Communications

[phone]

-or-

CHYRON'S INVESTOR RELATIONS COUNSEL:

The Equity Group Inc.

Devin Sullivan, [phone]

Robert Goldstein, [phone]