LOGIC Devices Elects New Board Member, Expands Board of Directors

SUNNYVALE, Calif.--March 17, 2003--LOGIC Devices Incorporated today announced that Mr. Brian P. Cardozo was elected to serve on its board of directors at its Annual Shareholders Meeting held on March 13, 2003. Mr. Cardozo has over 20 years of public accounting experience with the major accounting firms of Touche Ross, Peat Marwick, and BDO Seidman LLP, as well as his own firm, Meredith Cardozo Lanz & Chiu. He is expected to bring his in-depth accounting experience to LOGIC's board.

Mr. Cardozo holds a B.S.C. from Santa Clara University, a MBA in Accounting from Saint Louis University, and a MBA in Finance from Saint Louis University. He was most recently Audit and Financial Services Partner of BDO Seidman LLP and Audit Partner-in-Charge of the San Jose, California office of BDO Seidman LLP. In addition to his years of public accounting experience, he has industry experience with a local Fortune 500 company working in the areas of corporate budgeting, corporate reporting, financial policies, and SEC reporting. Mr. Cardozo has specialized in servicing high-technology, software, manufacturing, distribution, and other industries, ranging from start-ups to large multi-national enterprises. He has provided emerging growth companies with advice ranging from introductions to traditional financial sources, accounting systems consulting, potential financial employees referrals, and merger and acquisition assistance. He is a member of the American Institute of Certified Public Accountants, the California Society of Certified Public Accountants, and the Association for Corporate Growth. Since May 2000, Brian has been principal owner and operator of San Jose Harley-Davidson and Livermore Harley-Davidson.

In a separate move, the Board decided to expand the number of directors from five to six. As a result, all previous directors remain on the Board, in addition to the newly-elected Mr. Cardozo.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Any statements in this press release regarding expectations of future events are "forward-looking statements" involving risks and uncertainties, including, but not limited to, market acceptance risks, the effect of economic conditions and shifts in supply and demand, the impact of competitive products and pricing, product development, commercialization and technological difficulties, availability of capital, and capacity and supply constraints. Please refer to the Management Discussion and Analysis of Financial Condition and Results of Operations (MD&A) for a discussion of risks in the most recent LOGIC Devices Annual Report on Form 10-K and the quarterly report under Form 10-Q.

Established in 1983, LOGIC Devices is a fabless semiconductor manufacturer providing high-performance, function-specific integrated circuits that are utilized in smart weapons systems and in broadcast studio, medical imaging, and digital telecommunications equipment.