TROY Group Inc. Announces Delay in SEC Form 10-K Filing

Business Wire, March 3, 2003

Business Editors/High-Tech Writers

SANTA ANA, Calif.--(BUSINESS WIRE)--March 3, 2003

TROY Group Inc. (OTC:TROY) today announced that it had delayed the filing of its Annual Report on SEC Form 10-K for the year ended Nov. 30, 2002 due to the additional time required to complete the year-end closing, and the fact that McGladrey & Pullen LLP was appointed as its independent public accountants shortly before the due date of its annual report. The company expects that it will be able to file its annual report within the next two weeks.

About TROY Group

TROY Group is a worldwide provider of enterprise output solutions. The company is organized under two primary business segments, Security Printing Solutions and Wireless and Connectivity Solutions. The Security Printing Solutions includes payment systems ranging from high-security digital check printing systems to electronic payment and funds transfer solutions.

The Wireless and Connectivity Solutions includes hardware and software solutions that enable enterprises to share intelligent devices, such as printers, either wirelessly or using traditional networks. The company distributes products to major corporations, key government accounts and distributors worldwide. Visit TROY at www.troygroup.com.

Forward-looking statements of the company (statements that are not historical fact) in this news release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Certain important factors could cause results to differ materially from those anticipated by the statements made in this release, including the determination by the company of the final amount of any inventory adjustments and which prior periods will need to be restated.