CYBEX REPORTS HIGHER SALES AND NET INCOME FOR THIRD QUARTER.

HUNTSVILLE, Ala.--(BUSINESS WIRE)--Jan. 16, 1997--CYBEX Computer Products Corporation (Nasdaq/NM:CBXC) today reported higher sales and net income for the third fiscal quarter and nine months ended December 31, 1996.

"Net sales increased 37% to $8.9 million, and net income rose 15% to $1.5 million compared with the third quarter of fiscal 1996," stated Stephen F. Thornton, president and chief executive of Cybex Computer Products Corporation. "Our record results were due to continued demand for our proprietary KVM switch products and expanding international sales."

Net sales for the third quarter of fiscal 1997 rose to $8.9 million compared with $6.5 million in the third quarter a year ago. Sales of KVM switch products increased 45% to $7.5 million and accounted for 84% of revenues in the third quarter of fiscal 1997. The Company's KVM extension product sales were up 16% to $1.2 million compared with the third quarter of the prior fiscal year. International sales rose 37% to $1.9 million, or 22% of revenues.

"We shipped our first products from our new Irish facility in December 1996," continued Mr. Thornton. "We believe the new facility will allow us to improve our support to European customers and provide business growth opportunities in the future. We are currently negotiating with a major sales and distribution company that will represent Cybex in France, Belgium, Luxembourg, Holland, Germany and the U.K. We anticipate supplying products under this distribution agreement from the new Irish facility."

The Company's gross profit rose 35% to $4.7 million compared with $3.5 million in the third quarter of fiscal 1996. The Company's gross margins declined slightly to 52.7% from 53.7% primarily due to costs associated with launching the Company's Irish facility. These costs were partially offset by continued margin improvements in certain of the Company's higher-end products and the increase in the sales mix of these products.

Net income for the third quarter of fiscal 1997 rose to $1.5 million, or $0.27 per share, on 5.6 million weighted average shares outstanding. This compares with net income of $1.3 million, or $0.23 per share, on 5.8 million weighted average shares outstanding for the third quarter of fiscal 1996. The 3.7% decline in weighted average shares outstanding from the third quarter of fiscal 1996 through the third quarter of fiscal 1997 was due to the Company's repurchase of 285,100 shares. Cybex announced the 500,000 share stock repurchase program in December 1995.

"After the close of the quarter, we began supplying a major catalog marketer with our KVM switch products under private label," continued Mr. Thornton. "We are excited about expanding our market opportunities through similar arrangements and are firmly committed to delivering high quality solutions to network data centers through a wide range of distribution channels. We believe our recent certification by Novell as the first KVM switches to meet their stringent testing requirements for compatibility with NetWareTM 4.1 also demonstrates our commitment to expanding sales to network data centers through our reseller network," concluded Mr. Thornton.

For the first nine months of fiscal 1997, net sales rose 34.5% to $24.4 million compared with $18.1 million in the same period of fiscal 1996. Cybex reported net income of $4.2 million, or $0.75 per share, in the first nine months of fiscal 1997 compared with net income of $3.4 million, or $0.69 per share, in the same period of fiscal 1996.

Cybex provides connectivity solutions in support of PC, SUN and Macintosh computing platforms. The Company's principal products include KVM (keyboard/video monitor/mouse) switching systems, peripheral extension and expansion products and phone activated power control systems. -0-

                   CYBEX COMPUTER PRODUCTS CORPORATION
                    Unaudited Financial Highlights
             (Dollars in thousands, except per share data)

                         Three Months Ended        Nine Months Ended
                            December 31,             December 31,
                           1996         1995      1996         1995
Net sales               $  8,917    $   6,487   $ 24,395     $ 18,142
Operating income        $  1,846    $   1,552   $  5,229     $  4,295
Net income              $  1,533    $   1,334   $  4,237     $  3,358
Earnings per share      $   0.27    $    0.23   $   0.75     $   0.68
Weighted average shares
  outstanding              5,602        5,820      5,612        4,922


BALANCE SHEETS
                                              December 31,  March 31,
                                                  1996         1996
Assets
Cash, cash equivalents and short-term
 investments                                  $33,171,774 $37,770,777
Other current assets                            8,972,254   8,335,002
Property and equipment, net                     2,125,252   1,109,918
Long-term investments and other                 2,362,976     202,065
  Total assets                                $46.632.256 $47,417,762

Liabilities and shareholders' equity
Current liabilities                           $ 2,454,387 $ 6,711,717
Deferred income taxes                              85,024      85,024
Shareholders' equity
  Common stock                                      6,069       6,069
  Additional paid-in capital                   34,079,719  34,079,719
  Retained earnings                            14,606,713  10,370,114
  Treasury stock                               (4,599,656) (3,834,881)
Total shareholders' equity                     44,092,845  40,621,021
  Total liabilities and shareholders' equity  $46,632,256 $47,417,762

CONTACT: Cybex Computer Products Corp., Huntsville

Stephen F. Thornton, 205/430-4000