LOGIC DEVICES APPOINTS A NEW CFO

SUNNYVALE, Calif. (August 29, 2003)– On August 29, 2003, LOGIC Devices announced the appointment of Gary C. Schaefer as Chief Financial Officer. Mr. Schaefer joins LOGIC Devices from Guardian Enterprises, Inc., which provides financial and managerial consulting services. His most recent role was providing consulting for California Micro Devices as Corporate Controller. He was previously employed by ZMD America, PerkinElmer, National Semiconductor, and Siliconix.

Mr. Schaefer takes over for Ms. Kimiko Milheim, who is beginning maternity leave as of the end of August.

Bill Volz, president of LOGIC Devices, stated, "We are very pleased to have Gary onboard as part of the LOGIC team. I also want to thank Kimiko Milheim for her accomplishments at LOGIC. The dramatic improvement in the strength of our balance sheet over the past four years is a clear measure of her efforts."