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ESSEX CORPORATION MOVES TO NASDAQ SMALLCAP LISTING

 COLUMBIA, Md., Jan. 4 /PRNewswire/ -- Essex Corporation (NASDAQ: ESEX) announced today that its common stock will be traded on the NASDAQ SmallCap Market(SM) effective for transactions on and after Jan. 6. As previously reported, Essex no longer meets the more stringent inclusion requirements of the larger NASDAQ National Market System (NMS).
 Harry Letaw, chairman and CEO of Essex, commented: "We believe that this change can be beneficial to our stockholders. Trading activity on the SmallCap Market is reported fully in national and metropolitan publications and data bases. The list is smaller than the NMS and places Essex with a much more comparable group of companies. Of course, we fully expect to move back into the larger list as our business grows."
 Essex Corporation, a publicly traded, technology-based company supplies human reliability assurance and training products, engineering services, fabrication services and optical computer apparatus to government and industry.
 -0- 1/4/94
 /CONTACT: Harry Letaw Jr., chairman and CEO of Essex, 301-953-7797/
 (ESEX)


CO: Essex Corporation ST: Maryland IN: CPR SU:

DC-DT -- DC019 -- 9047 01/04/94 16:59 EST
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Publication:PR Newswire
Date:Jan 4, 1994
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