Giga-tronics to Amend Prior Financial Statements

Giga-tronics Incorporated GIGA, announced today its intention to file amendments on Form 10-K/A for the fiscal year ended March 26, 2011, and to reports on Form 10-Q/A for the fiscal quarters ended June 25, 2011, September 24, 2011, and December 31, 2011 to restate income (loss) after taxes and shareholders' equity due to the re-establishment of a full deferred tax asset valuation allowance of approximately $13.8 million as of December 31, 2011. The adjustments do not affect the Company's operating income (loss) or cash flows for those periods and do not affect the Company's most recent balance sheet.