CONTACT:

Elliot Konopko
Vernitron Corporation
(212) 593-7900

New York, New York, October 7, 1996 -- Vernitron Corporation (NASDAQ: VRNT)
announced today that its subsidiary, Speedring, Inc., has acquired substantially
all of the assets of Lockheed Martin Beryllium Corporation (formerly Loral
American Beryllium Corporation). Both Speedring, Inc. and Lockheed Martin
Beryllium are engaged in the precision machining of beryllium and other exotic
materials for use in commercial satellite systems and other aerospace
applications. The purchase price was not disclosed.

Vernitron Corporation manufactures and distributes precision actuation and
optical scanning systems and related components, including precision metal
optics, motor and position feedback devices, ball and air bearings and
interconnect devices for use in high-performance commercial, industrial and
defense applications.