SOURCE: Nestor, Inc.

June 22, 2006 17:35 ET

Nestor, Inc. to Webcast and Teleconference Annual Meeting

PROVIDENCE, RI -- (MARKET WIRE) -- June 22, 2006 -- Nestor, Inc. (NASDAQ: NEST), a leading provider of advanced traffic safety solutions and services, is pleased to announce that it will hold its annual meeting of stockholders at the Squantum Association in East Providence, RI on Thursday, July 6 at 10:00 a.m. At the meeting, CEO William B. Danzell will address current Company objectives and discuss industry trends and expectations for the remainder of 2006. Those who are unable to attend in person may listen to the meeting, including Mr. Danzell's comments, by calling 1-800-510-6979 in the United States and 303-248-0192 for international callers. The conference ID/Room # is 5372969. Callers may also connect to the meeting through their PC, using the URL address: http://events.streamlogics.com/conferencedepot/nestor/jul06-06/index.asp.

Note that either method for calling in allows for listening only and does not constitute attendance at the meeting. The conference call is open to the general public; one need not be stockholder to listen to the meeting.

Statements in this letter about future expectations, plans and prospects for Nestor, including statements containing the words "expects," "will," and similar expressions, are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. We may not meet the expectations disclosed in our forward-looking statements and investors should not place undue reliance on those statements. Actual results may differ materially from those indicated by such forward-looking statements as a result of various factors, including: market acceptance of our products, competition, site evaluation and analysis, and other factors discussed in Risk Factors in our most recent Annual Report on Form 10-K filed with the SEC. Investors are advised to read Nestor's Annual Report, quarterly reports on Form 10-Q and current reports on Form 8-K filed after our most recent annual or quarterly report. The forward-looking statements in this letter represent our current views and we disclaim any obligation to update these forward-looking statements.