Measurement Specialties Updates the Status of Reporting its Quarterly Earnings

3/29/2002 - Measurement Specialties, Inc. (AMEX: MSS) announced that it expects to file its report for the quarter ended December 31, 2001 in mid-April. Joseph R. Mallon Jr., Chairman and Chief Executive Officer, stated While this is a difficult time for the Company, we continue to book orders, ship products, and develop new products. We are receiving support from our customers, vendors, and employees and look forward to completing our financial reporting and getting on with business. The Special Committee of the Board of Directors completed its investigation into the conduct of our former CFO and other matters. We have engaged Korn/Ferry International in an active search for his replacement.

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