SOURCE: Nestor, Inc.

October 24, 2006 12:20 ET

Time Change for Nestor, Inc. Presentation at Sanders Morris Harris Investor Growth Conference Today

PROVIDENCE, RI -- (MARKET WIRE) -- October 24, 2006 -- Nestor, Inc. (NASDAQ: NEST) announces that the time of its previously announced presentation at the Sanders Morris Harris Investor Growth Conference today, Tuesday, October 24, 2006 has been changed to 2:00 pm ET. The date of the presentation has not changed. Nestor has filed a copy of its presentation material on a Current Report on Form 8-K with the SEC.

The presentation will be broadcast live via webcast. Those interested in listening to the live webcast may do so by accessing the web address, http://www.wsw.com/webcast/smh3/nest/. Additional information on the Sanders Morris Harris Investor Growth Conference may be obtained by accessing, http://www.wsw.com/webcast/smh3/.

Nestor Traffic Systems provides automated traffic enforcement solutions to state and municipal governments. CrossingGuard® uses patented multiple, time-synchronized videos to capture comprehensive evidence of red light and speed violations. In addition, CrossingGuard® offers customers a unique Collision Avoidance™ safety feature that can help prevent intersection collisions. CrossingGuard® is a registered trademark of Nestor Traffic Systems, Inc. Collision Avoidance™ and NTS Video VASCAR™ are trademarks of Nestor Traffic Systems, Inc. Nestor Traffic Systems is the exclusive North American distributor for Vitronic's PoliScanSpeed™ scanning LiDAR, which tracks multiple vehicles bi-directionally in multiple lanes simultaneously. PoliScanSpeed™ is a trademark of Vitronic. For more information, call (401) 274-5658 or visit www.nestor.com.

Statements in this press release about future expectations, plans and prospects for Nestor, including statements containing the words "expects," "will," "scheduled," and similar expressions, constitute forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. We may not achieve the plans, intentions or expectations disclosed in our forward-looking statements and investors should not place undue reliance on our forward-looking 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, further approvals of contracted approaches, legal and legislative challenges to automated traffic enforcement, and other factors discussed in Risk Factors in our most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q filed with the SEC. Investors are advised to read Nestor's Annual Report on Form 10-K, 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 included in this press release represent our current views and we specifically disclaim any obligation to update these forward-looking statements in the future.