National Technical Systems Authorizes Stock Buyback

Business Wire, Dec 16, 2002

Business Editors

CALABASAS, Calif.--(BUSINESS WIRE)--Dec. 16, 2002

National Technical Systems, Inc. (Nasdaq: NTSC) (NTS), a leading provider of quality and conformance testing and managed services for various industries, including aerospace, defense, telecommunications and information technology, announced today that its Board of Directors has authorized the repurchase of up to 250,000 shares of common stock in open market purchases at the prevailing prices. The Board has authorized the repurchase of these shares, from time-to-time, subject to general market and other conditions; however, there can be no assurance that the repurchase will be made in its entirety.

According to Chairman and Chief Executive Office Jack Lin, "The Company believes its shares represent an attractive investment for NTS, especially at its present market value. The stock repurchase program reflects management's confidence in the Company's long-term market prospects."

About National Technical Systems, Inc.

National Technical Systems, Inc. is an outsourcing services company providing organizations in the aerospace, defense, information technology (IT) and high technology markets integrated testing, certification, quality registration, systems evaluation and IT staffing services. For additional information about the Company, visit its web site at www.ntscorp.com.

The statements in this press release that relate to future plans, events or performance, are forward-looking statements that involve risks and uncertainties, including risks associated with uncertainties pertaining to operating new facilities, customer orders, demand for services and products, development of markets for the Company's services and products and other risks identified in the Company's SEC filings. Actual results, events and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.