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UNIDYNE Announces New Auditors, Names New President, CFO

4 May 1999

UNIDYNE Announces New Auditors, Names New President, CFO; Expects to Finalize Audit, File Form 10-K, Meet With Nasdaq in Next 30 Days

    EXTON, Pa., May 4 -- UNIDYNE Corporation today
announced it has retained a Philadelphia-area firm, Strouss, Hui & Ellis, as
its auditors.  The Jenkintown, Penn.-based accounting firm accepted the
assignment following a due diligence process that included extensive meetings
with UNIDYNE's previous auditors, Arthur Andersen, which resigned on
March 26, 1999.
    The Exton, Penn.-based manufacturer of dynamometers, emission testing
equipment and specialized electric motors, also said it has hired Wayne
R. Lorgus as president and chief financial officer.  Francis T. Prendergast,
the former CFO, resigned to pursue other interests.
    Lorgus brings more than 25 years experience in finance, accounting,
marketing and operations management to his new position, including nearly
10 years with Camden, NJ-based Campbell Soup Company.  Lorgus served in a
variety of management positions at Campbell's, including general manager of
its $300 million Swanson Traditional Meals division and as director of
corporate auditing, reporting directly to the Audit Committee of the
food-maker's board of directors.  Most recently, he served as executive vice
president and chief financial officer of New York-based Sandberg & Sikorski
Corporation, a privately held manufacturer of fine jewelry.  Previously,
Lorgus worked for seven years at the New York and Philadelphia offices of
Arthur Andersen.
    "Wayne's presence will help UNIDYNE raise the bar in the areas of finance,
administration and overall operations," said C. Eugene Hutcheson, chairman and
chief executive officer of UNIDYNE.  "He has already begun working closely
with Strouss, Hui & Ellis, as well as our board audit committee, to ensure our
1998 year-end audit is completed in a thorough and timely manner."
    Hutcheson continued:  "We are in communication with Nasdaq, and have
conveyed that we expect to file our 1998 Form 10-K within 30 days.  Concurrent
with the 10-K filing, we will be filing a Form 10-Q for the first quarter of
1999."
    UNIDYNE reported that it received notice from the Nasdaq Stock Market that
its common stock may be delisted for failure to comply with certain of
Nasdaq's listing requirements.  Hutcheson said the Company has requested an
oral hearing before the Nasdaq Listing Qualifications Panel, pursuant to
procedures set forth in Nasdaq's Marketplace Rules.  The hearing date has not
been set, but trading in UNIDYNE common stock will remain halted until after
the hearing.

    Exton, PA-based UNIDYNE Corporation and its subsidiaries manufacture,
sell, service and finance a variety of products, including vehicle emissions
testing systems, specialized electric motors, and variable speed drives and
controls.  UNIDYNE also manufactures engine and chassis dynamometer testing
systems for a variety of large industrial customers, primarily in the
automotive and heavy equipment industries.  The Company employs 230 people at
facilities in Kenosha, WI; San Francisco, CA; Anaheim, CA; Hazelton, PA; and
Exton, PA.

    The statements contained in this news release include certain predictions
and projections that may be considered forward-looking statements under
securities law.  These statements involve a number of important risks and
uncertainties that could cause actual results to differ materially, including,
but not limited to, the performance of the emissions testing industry, certain
customer and affiliated companies, as well as other economic, competitive,
governmental and technological factors involving the Company's operations,
markets, services, products and prices.