Measurement Specialties Announces 3rd Quarter Losses and Possible Restatement

2/15/2002 - Measurement Specialties, Inc. (AMEX: MSS) today announced the delayed filing of its Quarterly Report on Form 10-Q for the quarter ended December 31, 2001. The Company also announced that it expects a significant loss for the quarter ended December 31, 2001; that it expects to restate its financial statements for the quarter ended September 30, 2001; the occurrence of a default under its credit facility; the appointment of a Special Committee of its Board of Directors to investigate certain matters as described below; and the termination of its Chief Financial Officer.

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