PSC Requests Nasdaq Hearing for Appeal to Retain Listing

Business Wire, July 11, 2002

Business Editors

PSC, Inc. (Nasdaq:PSCX), a global provider of integrated data-collection solutions and services for retail supply chains, today announced that it has requested an oral hearing before a Nasdaq Listing Qualifications Panel as required by Marketplace Rule 4820(c) to appeal a notice of delisting of PSC's common stock from the Nasdaq SmallCap Market.

As previously announced, PSC Inc. received a notice on July 3, 2002 from The Nasdaq Stock Market of a determination that PSC has failed to comply with Nasdaq Marketplace Rule 4310(c)(2)(B), which requires that it must comply with either the minimum $2,000,000 net tangible assets or the minimum $2,500,000 stockholders' equity requirements.

Forward-Looking Statement Disclosure

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 existing and new products, competitive product offerings and pricing pressures, the ability to control manufacturing and operating costs, the successful completion of the Company's recapitalization efforts, successfully negotiating extensions to existing financing or negotiation of new financing on acceptable terms, 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.