Market Overview

Tel-Instrument Electronics Corp. Disappointed With NYSE American Decision, Will Trade on the OTC Markets


Tel-Instrument Electronics Corp. ("Tel" or the "Company"), a leading
designer and manufacturer of avionics test and measurement solutions,
was advised that the NYSE American denied the Company's appeal to remain
listed on the NYSE American, and that trading on NYSE American in the
Company's common stock - trading symbol "TIK" - has been suspended
immediately. The Company's common stock will continue to trade on
the OTC
Markets under the same trading symbol.

Jeff O'Hara, Tel's President and CEO stated, "We are disappointed with
the NYSE's decision to delist the Company and not provide an additional
extension to meet their minimum net worth requirement. We provided
compelling evidence that we should regain compliance within the next
nine to twelve months as a result of strong growth in revenues and
profitability. We were not willing to raise additional equity capital,
and dilute our current shareholders, to meet an arbitrary deadline. The
Company is exploring alternatives for the quotation of its common stock
to ensure the best possible trading platform for our shareholders."

About Tel-Instrument Electronics Corp

Tel-Instrument is a leading designer and manufacturer of avionics test
and measurement solutions for the global commercial air transport,
general aviation, and government/military aerospace and defense markets.
Tel-Instrument provides instruments to test, measure, calibrate, and
repair a wide range of airborne navigation and communication equipment.
For further information please visit our website at

This press release includes statements that are not historical in
nature and may be characterized as "forward-looking statements,"
including those related to future financial and operating results,
benefits, and synergies of the combined companies, statements concerning
the Company's outlook, pricing trends, and forces within the industry,
the completion dates of capital projects, expected sales growth, cost
reduction strategies, and their results, long-term goals of the Company
and other statements of expectations, beliefs, future plans and
strategies, anticipated events or trends, and similar expressions
concerning matters that are not historical facts. All predictions as to
future results contain a measure of uncertainty and, accordingly, actual
results could differ materially. Among the factors which could cause a
difference are: changes in the general economy; changes in demand for
the Company's products or in the cost and availability of its raw
materials; the actions of its competitors; the success of our customers;
technological change; changes in employee relations; government
regulations; litigation, including its inherent uncertainty;
difficulties in plant operations and materials; transportation,
environmental matters; and other unforeseen circumstances. A number of
these factors are discussed in the Company's previous filings with the
Securities and Exchange Commission. The Company disclaims any intention
or obligation to update any forward-looking statements as a result of
developments occurring after the date of this press release.

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