The Auto Channel
The Largest Independent Automotive Research Resource
The Largest Independent Automotive Research Resource
Official Website of the New Car Buyer

UNIDYNE Reports Annual Meeting Results

12 August 1999

UNIDYNE Reports Annual Meeting Results
    EXTON, Pa., Aug. 12 -- UNIDYNE Corporation ,
today announced the results of its annual shareholders meeting held yesterday
afternoon.
    The Exton, Penn.-based manufacturer of specialty equipment and emissions
testing systems said shareholders re-elected David M. Barrett and C. Eugene
Hutcheson to serve as board members through 2002.  Hutcheson has been chairman
of the board and chief executive officer of UNIDYNE Corporation since 1996.
Barrett is the senior partner of the Washington, D.C.-based law firm Barrett
& Schuler.  Shareholders also voted to ratify Philadelphia-based Strouss,
Hui & Ellis, P.C. as UNIDYNE's independent auditors for the fiscal year ending
December 31, 1999, and increased the number of shares covered by the Company's
S-8 registration by one million shares.
    "Looking forward, UNIDYNE is poised for growth in all areas of our
business," Hutcheson said.  "Demand for our products is accelerating with the
launch of the New Jersey Enhanced Emissions Inspection & Maintenance program,
along with the emerging need for replacement emissions-testing equipment in
other states.  The emissions testing market is, in turn, creating new demand
for the specialty products manufactured by our other subsidiaries.  We look
forward to building on our recent improvement in performance and continuing
the momentum in the second half of 1999."
    UNIDYNE recently reported improved second quarter results highlighted by a
232% increase in sales of its emissions testing equipment over the year-ago
period.  The Company reported a tenfold increase in profitability versus the
year-ago second quarter, with net income rising to $340,000 on net sales of
$5.6 million.
    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 approximately
190 people at facilities in Kenosha, WI; San Francisco, CA: Anaheim, CA; 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.