Ampex Data Systems Corporation, www.ampexdata.com, headquartered in Redwood City, California, is a leading manufacturer of high performance digital data storage systems principally used in defense applications.

This release may contain information about the future expectations, plans and prospects of Ampex Corporation (the "Company") and its subsidiary, Ampex Data Systems Corporation, that constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from historical results or those indicated by such forward-looking statements as a result of a variety of factors including, but not limited to, the risks that the Company's operating results may fluctuate in future periods, and the other risks and uncertainties disclosed in the Company's Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q, as well as other documents periodically filed with the Securities and Exchange Commission.

SOURCE: Ampex Data Systems Corporation

Ampex Corporation
Karen L. Dexter, 650-367-4111
Director, Investor Relations

This news release contains predictions, projections and other statements about the future that are intended to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the Company's actual results, performance or achievements, or industry results, to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks, uncertainties and other important factors include, but are not limited to, those described in the Company's 2007 Annual Report on Form 10-K for the fiscal year ended December 31, 2007, its Quarterly Reports on Form 10-Q and the other documents the Company periodically files with the SEC, as well as the risks of limited liquidity and other risks relating to the delisting of the Class A Common Stock, and the effects of the chapter 11 case on the Class A Common Stock and the Company's equity holders. In assessing forward-looking statements, readers are urged to consider carefully these cautionary statements. Forward-looking statements speak only as of the date of this release, and the Company disclaims any obligation or undertaking to update such statements.

SOURCE: Ampex Corporation

Ampex Corporation
Karen L. Dexter, 650-367-4111
Director, Investor Relations

SOURCE: The NASDAQ OMX Group, Inc.

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