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Exhibit 99.1
NEWS RELEASE
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15301 w. 109th Street, Lenexa, KS 66219 Phone: 913-647-0158 Fax: 913-647-0132
investorrelations@elecsyscorp.com
FOR IMMEDIATE RELEASE:
Contact: Karl B. Gemperli
(913) 647-0158, Phone
(913) 647-0132, Fax
investorrelations@elecsyscorp.com
ELECSYS CORPORATION ANNOUNCES SELECTION OF NEW AUDITORS
Lenexa, Kansas (August 16, 2004) - Elecsys Corporation (AMEX: ASY),
today announced that the Company's Board of Directors has appointed Mayer
Hoffman McCann P.C. as the Company's independent public accountants, replacing
Ernst & Young LLP. The appointment is for the fiscal year ending April 30, 2005,
and is effective immediately. The Company does not anticipate that the change in
auditors will have any impact on the filing of the Company's financial
statements.
Elecsys Corporation, through its wholly owned subsidiary DCI, Inc., is
a designer, manufacturer, and integrator of custom electronic interface
solutions for original equipment manufacturers ("OEMs") in the medical,
aerospace, communications, safety systems and industrial and consumer product
industries. The Company has specialized capabilities to design and efficiently
manufacture custom electronic assemblies which integrate a variety of interface
technologies such as custom liquid crystal displays, light emitting diode
displays, and keypads with circuit boards and other electronic components. The
Company becomes an extension of the OEM's organization by providing key
expertise that enables rapid development and manufacture of electronic products
from product conception through volume production. For more information, visit
our websites at www.elecsyscorp.com and www.dciincorporated.com.
Safe-Harbor statement: The discussions set forth in this press release may
contain forward-looking comments based on current expectations that involve a
number of risks and uncertainties. Actual results could differ materially from
those projected or suggested in the forward-looking comments. The difference
could be caused by a number of factors, including, but not limited to the
factors and conditions that are described in Elecsys Corporation's SEC filings,
including the Form 10-KSB for the year ended April 30, 2004. The reader is
cautioned that Elecsys Corporation does not have a policy of updating or
revising forward-looking statements and thus he or she should not assume that
silence by management of Elecsys Corporation over time means that actual events
are bearing out as estimated in such forward-looking statements.
