PSC to be Listed On the Nasdaq SmallCap Market

Business Wire, Jan 10, 2001

Business Editors

ROCHESTER, N.Y.--(BUSINESS WIRE)--Jan. 10, 2001

PSC Inc. (Nasdaq:PSCX), a global leader in the manufacture and marketing of bar code scanning equipment and automatic data collection solutions, today announced that it has been informed by Nasdaq that with the opening of business on Friday, January 12, 2001, the listing of PSC's securities will be transferred to The Nasdaq SmallCap Market. Currently the Company's securities are listed on The Nasdaq National Market.

Edward J. Borey, PSC's President and Chief Executive Officer said, "PSC has taken definitive steps to improve results. The Company has resolved all litigation and disputes with Symbol Technologies, Inc., refocused the business on profitable, growth products and taken aggressive actions to reduce costs. We expect these steps will strengthen financial results and be reflected in our future stock price."

PSC Inc. is a leading manufacturer and marketer of bar code scanning and automatic data collection solutions of the highest quality and exceptional reliability. Its broad range of products includes a full line of laser and non-laser based handheld and fixed position bar code scanners, two dimensional image readers, wireless portable data terminals, warehouse management software, bar code scan engines and verifiers and automated carton dimensioning systems. These products are used in automated data collection solutions in the retail, manufacturing, warehousing, logistics and package handling markets. Headquartered in the Rochester, New York suburb of Webster, PSC has manufacturing facilities in Webster and Eugene, Oregon. PSC has sales and service offices throughout the Americas, Europe, Asia and Australia.

The forward-looking statements contained in this release are based on estimates of future performance and are highly dependent upon a variety of factors which could cause actual results to differ materially. These factors include the market acceptance of products, competitive product offerings and pricing pressures, the ability to control manufacturing and operating costs, the integration of acquisitions, foreign currency and interest rate fluctuations, fulfillment of lending agreements and the disposition of legal issues. Reference should be made to filings with the Securities and Exchange Commission for further discussions of factors that could affect PSC's future results.

Further information is available at the PSC web site, www.pscnet.com