LogiMetrics Inc. makes announcement.

PLAINVIEW, N.Y.--(BUSINESS WIRE)--June 3, 1996--As previously announced on May 31, 1996, Richard K. Laird has resigned as the chairman, president, chief executive officer and a director of LogiMetrics Inc.

In a letter to the board of directors, Laird alleged, among other things, that the company had materially overstated its revenues and earnings in prior accounting periods.

While the company intends to investigate Laird's allegations thoroughly, aside from those conclusory allegations, the company presently believes that its Form 10-QSB for the period ended March 31, 1996 is not materially incorrect or misleading.

The board of directors of the company, at a special meeting, has appointed a special audit committee comprised of certain directors and officers to investigate the allegations made by Laird. The company has retained Kirkpatrick & Lockhart LLP as special SEC counsel to assist the special audit committee in its investigation.

The board of directors has appointed Norman M. Phipps, an independent director of the company, as chairman of the board and acting president pending the outcome of the special audit committee's investigation. Phipps is a principal of Phipps, Teman & Co. L.L.C., a merchant banking firm, served as a senior vice president of Wood Gundy Corp., a vice president of Citibank, N.A. and is a director of Avery Communications Inc. a publicly traded telecommunications company.

LogiMetrics Inc. is a publicly traded company whose shares of common stock are traded over-the-counter under the symbol "LOGIA." LogiMetrics is engaged in the business of manufacturing travel wave tube amplifiers and microwave transmitting systems used in wireless communications for cellular television, satellite earth stations and point-to-point communications, as well as test systems for the measurement and control of electromagnetic pollution.

CONTACT: Norman M. Phipps or

Russell J. Reardon

516/349-1700