SimpleTech Updates Guidance for the Second Quarter of 2002

6/27/2002 - SimpleTech, Inc. (Nasdaq:STEC) revised the company's business outlook for the second quarter of 2002, which ends June 30. There will be no conference call accompanying this announcement. The revised business outlook is as follows:

SimpleTech, Inc. is a technology solutions provider offering products based on DRAM, SRAM and flash memory technologies. Headquartered in Santa Ana, Calif., the company is a leader in the design, development, manufacturing and marketing of custom and standard memory solutions. For information, contact the company's investor relations department or visit

SimpleTech, Inc., Santa Ana
Mitch Gellman (investor relations), 949/260-8328

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