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ESSEX CORPORATION RELOCATES HEADQUARTERS, ISSUES REVIEW LETTER TO STOCKHOLDERS

 COLUMBIA, Md., Dec. 1 /PRNewswire/ -- Essex Corporation (NASDAQ-NMS: ESEX) today announced relocation of its corporate headquarters and Information Systems Division within Columbia to 9150 Guilford Road, Columbia, MD 21046-1891; telephone number is 301-953-7797; facsimile number is 301-953-7880. The company said that its new, more economical facility better suits its current needs. The company's third quarter report had noted a legal dispute between Essex and its former landlord.
 The technology-based company has issued a letter report to its stockholders. Harry Letaw, chairman and CEO, stated: "This is a year of change for Essex. Backlog and revenues are increasing sharply. We are pleased with our market positions in core services and in supercomputing optoelectronic processor technology. The company faces risks from a shortage of cash and from the dispute with its former landlord. It is timely to review status and reflect upon risks, options and prospects. We believe that the future of Essex is bright."
 -0- 12/1/93
 /CONTACT: Harry Letaw Jr., chairman and CEO of Essex, 301-953-7797/
 (ESEX)


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

DC-MH -- DC016 -- 9189 12/01/93 10:53 EST
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Publication:PR Newswire
Date:Dec 1, 1993
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