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Gary
Levine CSP Inc. Files Its 2006 Form 10-K and Receives Delisitng Notification From NASDAQBILLERICA, MA, February 20, 2007 - CSP Inc. (Nasdaq:CSPI), a provider of IT Solutions, systems integration services and dense cluster computing systems, announced today that it filed its Form 10-K for the fiscal year ended September 30, 2006. In addition the Company is working to complete its filing of the interim period ended December 31, 2006 (first quarter of fiscal year 2007). The Company plans to file the applicable first quarter of fiscal year 2007 financial statements as soon as practicable. On February 16, 2007, the Company received a letter from the NASDAQ Stock Market notifying the Company that because it had failed to file its quarterly report on Form 10-Q for the quarterly period ended December 31, 2006, as required by Marketplace Rule 4310(c) (14); its securities are subject to delisting from the NASDAQ Stock Market. The Company has a hearing with NASDAQ on March 1, 2007 concerning NASDAQ's notice of delisting. About
CSP Inc.
Based in Billerica, Massachusetts and founded in 1968, CSP Inc. (NASDAQ:CSPI) and its subsidiaries develop and market
best-of-breed IT solutions, systems integration services, and high-performance computer systems. Its Systems segment includes the MultiComputer
Division, which supplies high-performance Linux cluster systems for a broad array of defense applications, including radar, sonar and surveillance signal
processing. The Company's MODCOMP, Inc. subsidiary, also part of its Service and System Integration segment, was founded in 1970 and
includes the fiscal 2003 acquisition of Technisource, is a leading provider of IT solutions and systems integration services. MODCOMP
works with third parties to develop customized solutions in the global IT markets and has offices in the U.S., U.K., and Germany.
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