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UNIDYNE to Consolidate Manufacturing, Corporate Facilities In Wisconsin

24 February 2000

UNIDYNE to Consolidate Manufacturing, Corporate Facilities In Kenosha, Wisconsin

    EXTON, Pa., Feb. 24 -- UNIDYNE Corporation
(OTC Bulletin Board: UDYN) today announced it will relocate its corporate
headquarters to its Kenosha, Wisc. facility as part of its previously
announced business-improvement program.
    The Exton, Penn.-based maker of specialty equipment also said it has
closed an assembly facility in Exton in order to consolidate its manufacturing
capabilities in Kenosha.  The closure, which included the elimination of 25
full-time jobs in Exton, and consolidation of other business functions in
Kenosha are expected to yield approximately $1.7 million in annual cost
savings.
    UNIDYNE said it will retain a presence and staff in Exton, including a
sales and service facility focused on serving the Company's customers in the
emissions testing market in Pennsylvania and New Jersey.  The sales and
service office will be located at 118 Pickering Way.
    "Today's announcement, as well as other business-improvement initiatives
that are underway, represent important steps for UNIDYNE's future," said Wayne
R. Lorgus, president and chief financial officer.  "The UNIDYNE board, senior
management and representatives of our business adviser, Colmen Capital, have
been working closely to develop a plan to restore the Company's financial
health.  Over the next several months, we will complete the execution of this
plan with the continuing cooperation of our employees, suppliers and
creditors."
    Lorgus continued:  "We have several fundamental strengths, including
established brand names and a reputation for quality in the niches we serve.
Our continued sales and service presence in Exton, as well as the
consolidation of our manufacturing resources in Kenosha should help to enhance
our opportunities in the future."
    Exton, Penn.-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 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 Corporation's operations,
markets, services, products and prices.