SBS Technologies Inc. reports record 1996 results.

ALBUQUERQUE, N.M.--(BUSINESS WIRE)--Aug. 22, 1996--SBS Technologies, Inc. (Nasdaq/NMS: SBSE) today announced record revenues and net income for both its fourth quarter and fiscal year ended June 30, 1996.

For the fiscal fourth quarter ended June 30, 1996, revenues increased more than 71% to $8.4 million as compared to $4.9 million in 1995. Net income was $1.1 million or $.29 per share compared to a net income from continuing operations of $119,986, or $.04 per share for the same period in 1995. For the fiscal fourth quarter of 1995 the company reported a net loss for combined operations of ($.03) per share due to the discontinued operation and sale of the company's flight simulation business.

For the fiscal year ended June 30, 1996, revenues were $31.3 million as compared to $16.2 million in 1995, an increase of more than 93%. Net income was $3.6 million or $.97 per share compared to net income from continuing operations of $1.8 million, or $.65 per share for the same period in 1995. For the fiscal year ended 1995 the company reported a net loss for combined operations of ($.45) per share due to the discontinued operation and sale of the company's flight simulation business.

"This has been a year of continued strong growth for SBS, as illustrated by increased sales and profits in each of our businesses," said Dr. Andrew C. Cruce, chairman and CEO of SBS Technologies, Inc. "Our entry into the industrial computer I/O market through our subsidiary GreenSpring Computers, Inc., acquired in April 1995, has been a great success. In our avionics business, new products such as the full function 1553 bus interface in PCMCIA format have helped us continue to grow and maintain our leadership position. In the telemetry market, the increasing functionality and sophistication of our Berg Systems products opened additional domestic and international market opportunities. We have also established important new relationships with the California Highway Patrol and Thomson Training and Simulation to enhance the future growth of our ICAT judgmental use of force trainers."

"Looking forward, the acquisition of Logical Design Group, Inc., which we announced on Tuesday of this week, gets fiscal 1997 off to a great start by opening a larger, complementary market for us to penetrate. LDG provides Intel-based CPU boards to the embedded computer marketplace which are the most advanced available in the industry today. The marketing and technical relationships which can be established with our other businesses should help LDG accelerate its growth. We will continue to look for similar opportunities which bring successful management and complementary technologies to SBS at an attractive, non-dilutive price," said Dr. Cruce.

Albuquerque-based SBS Technologies, Inc. designs and manufactures specialized electronic and computer products and is a market leader in interface products to support avionics system testing and data transmission. For additional information, news releases and quarterly reports, please visit the SBS Technologies' World Wide Web home page at http://www.sbse.com.

Certain of the foregoing information are forward-looking statements regarding future events or the future financial performance of the company, and are subject to a number of risks and other factors which could cause the actual results to differ materially from those contained in the forward-looking statements. Among such factors are: general business and economic condition; customer acceptance and demand of the company's new products; the company's overall ability to design, test, and introduce new products on a timely basis; the cyclical nature of the markets addressed by the company's products; and the risk factors listed from time to time in documents filed by the company with the SEC. -0-

SBS TECHNOLOGIES, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)

                      Twelve Months Ended      Three Months Ended
                              June 30                  June 30
                          1996         1995        1996        1995

Sales            $  31,331,793   16,217,648   8,418,407   4,897,722

Cost of Sales       15,900,175    7,865,186   4,098,242   2,707,148
Gross Profit        15,431,618    8,352,462   4,320,165   2,190,574
Selling, General
 and
 Administrative
 Expense             7,749,185    4,469,372   2,095,136   1,624,217

Amortization of
 Intangible Assets     884,438      493,409     215,289     192,570

Operating Income
 From Continuing
 Operations          6,797,995    3,389,681   2,009,740     373,787

Other Income
 and Expense:
   Interest Income       9,210        3,315       7,438       1,734
   Interest Expense   (839,028)    (191,120)   (157,841)   (166,535)
      Total           (829,818)    (187,805)   (150,403)   (164,801)

Income From
 Continuing
 Operations Before
  Income Taxes       5,968,177    3,201,876   1,859,337     208,986

Income Taxes         2,387,270    1,357,000     743,270      89,000
Income From
 Continuing
 Operations          3,580,907    1,844,876   1,116,067     119,986

Discontinued
 Operations
 (net of tax
 benefits of
 $1,160,000
 for 1995)                   -   (1,781,235)          -    (215,386)

Loss on Disposal
 of Discontinued
 Operations
 (net of tax
 benefits of
 $896,000)                   -   (1,354,000)          -           -

Income (loss)
 From Discontinued
 Operations                  -   (3,135,235)          -    (215,386)

Net Income (loss)  $ 3,580,907   (1,290,359)  1,116,067     (95,400)

Income (loss)
 per Common
 and Common
 Equivalent
 Share:
   Continuing
    Operations     $      0.97         0.65        0.29        0.04
   Discontinued
    Operations              --        (1.10)         --       (0.07)

Net Income (loss)
 per Common and
 Common Equivalent
 Share             $      0.97        (0.45)       0.29       (0.03)

SBS TECHNOLOGIES, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(UNAUDITED)

Assets                        June 30, 1996           June 30, 1995

Current Assets               $   13,524,811              12,834,056
Property and Equipment, net       1,347,570                 944,091
Intangible Assets, net            5,571,135               6,076,894
Other Assets                         31,656                  49,881

Total Assets                 $   20,475,172              19,904,922

Liabilities and
 Stockholders' Equity

Current Liabilities          $     5,204,432              9,514,025
Long-Term Debt, Excluding
 Current Installments              5,188,320              5,341,649
Deferred Income Tax                   31,500                     --
Stockholders' Equity              10,050,920              5,049,248

Total Liabilities and
 Stockholders' Equity        $    20,475,172             19,904,922

CONTACT: SBS Technologies, Inc.

Chris Amenson, 800/SBS-1553

[e-mail]

or

Trinske Communications, Ltd.

Mark Trinske, (Investor Relations), 303/665-7760

[e-mail]