SOURCE: Astro-Med, Inc.

March 14, 2007 14:00 ET

Astro-Med Officers to Exercise Stock Options

WEST WARWICK, RI -- (MARKET WIRE) -- March 14, 2007 -- Astro-Med, Inc. (NASDAQ: ALOT) announces that five officers including CEO Albert W. Ondis and COO Everett V. Pizzuti plan to exercise stock options to purchase a total of 85,000 shares of Astro-Med stock prior to the expiration date on March 24, 2007 of these 10 year stock options. It is also the intention of these officers to sell the shares during the applicable open trading window.

Speaking for all of the officers, CEO Albert Ondis stated: "We simply had to exercise the options before they expired. It has been ten years since they were granted and the expiration date cannot be extended. All of us are very confident about the continued growth and profitability of Astro-Med and are more committed than ever to driving that growth and profitability with all of our energies."

The requisite filings reflecting these transactions will be made with the Securities and Exchange Commission.

About Astro-Med, Inc.

Astro-Med, Inc. is a leading manufacturer and designer of high tech specialty printing systems, electronic medical instrumentation, and test and measurement instruments employed around the world in a wide range of industrial, scientific, and medical applications. More information is available at www.astro-medinc.com.

Safe Harbor Statement

This news release contains forward-looking statements, and actual results may vary from those expressed or implied herein. Factors that could affect these results include those mentioned in Astro-Med's FY2006 annual report and its annual and quarterly filings with the Securities and Exchange Commission.

Contact Information

  • Contact:
    Albert W. Ondis
    Joseph P. O'Connell
    Astro-Med, Inc.
    (401) 828-4000