Chyron Announces Conversion of Its Remaining Debentures.

MELVILLE, N.Y. -- Chyron Corporation (OTCBB: CYRO) announced that it has eliminated all of its non-bank debt following a decision by all of the holders of the Company's last remaining debentures (Series D 8 Percent Subordinated Convertible Debentures) to convert them to restricted common stock. The aggregate total for these debentures is $2,663,898.18. The debentures were held by Christopher R. Kelly, the Company's Chairman, and UK-based Lion Investments Limited and Westpool Investment Trust plc, units of Leo Fund Managers Limited.

President and CEO Michael Wellesley-Wesley commented, "We are happy to have completed this transaction as it cleans up the Company's balance sheet, having reduced its debenture debt to zero and easing the pressure on cash flow, as well as on the P&L through considerable savings where interest expense is concerned. When I became CEO in early 2003, total debt was $18.3 million and cash was $2.2 million. Today total debt stands at less then $1.0 million in bank debt and cash is over $4 million."

As a result of the transaction, the total outstanding debentures were converted into 4,098,303 shares of restricted common stock of the Company based upon the conversion price of $0.65 and all debentures were cancelled. This conversion represents 9.9 percent of the total shares issued and outstanding immediately prior to the conversion and increases the total number of shares outstanding to 45,623,839.

Chyron Corporation

With unwavering clarity of vision, Chyron continues to define and dominate the world of broadcast graphics. Winner of numerous awards, including two Emmys, Chyron has proven itself as the undisputed leader in the industry. From the entry-level MicroX to the HD/SD-switchable HyperX with Lyric PRO, Chyron's exceptional product line brings unmatched, 2D and 3D graphics creation and performance to the most demanding studio and mobile operations. Rounding out Chyron's graphics offerings are still and clip servers, channel branding and telestration systems, MOS newsroom integration solutions and the award-winning WAPSTER mobile phone newsgathering application. The ChyTV product line leverages Chyron's broadcast expertise with video graphics devices for microcasting and digital displays. Chyron holds a patent on technology that enables the integration of live television graphics data with a broad range of interactive media platforms and consumer electronics devices. Chyron has a unique, 40-year history of service and support for its products that far exceeds that of most manufacturers. For more information about Chyron products and services, please visit the company web sites at www.chyron.com and www.chytv.com (OTC BB:CYRO.OB).

Forward-looking Statement 

From time to time, including in this press release, the Company may publish forward-looking statements relating to such matters as anticipated financial performance, business prospects, technological developments, changes in the industry, new products, research and development activities and similar matters. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. In order to comply with the terms of the safe harbor, the Company notes that a variety of factors could cause the Company's actual results to differ materially from the anticipated results or other expectations expressed in the Company's forward-looking statements. The risks and uncertainties that may affect the operations, performance, development and results of the Company's business include, without limitation, the following: product concentration in a mature market, dependence on the emerging digital market and the industry's transition to DTV and HDTV, consumer acceptance of DTV and HDTV, resistance within the broadcast or cable industry to implement DTV and HDTV technology, use and improvement of the Internet, new technologies that could render certain Chyron products to be obsolete, a highly competitive environment, competitors with significantly greater financial resources, new product introductions by competitors, seasonality, fluctuations in quarterly operating results, ability to maintain adequate levels of working capital, the viability of the OTC Bulletin Board as a trading platform and expansion into new markets.