EX-99 3 exhibit99dividend8k.htm EXHIBIT 99.1 TO ASTRO-MED FORM 8-K

Exhibit 99.1 Astro-Med 8-K

                                INDEX TO EXHIBITS



          Exhibit No.              Exhibit

          99.1                     Press Release Dated April 20, 2004




                                                   Exhibit 99.1 - Press Release


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                                  PRESS RELEASE
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                                 ASTRO-MED, INC.
                            600 East Greenwich Avenue
                        West Warwick, Rhode Island 02893


                     Astro-Med Announces 10% Stock Dividend


For Immediate Release

Contact:  Albert W. Ondis, CEO
          Joseph P. O'Connell, CFO                                April 20, 2004
          Astro-Med, Inc.
          (401) 828-4000

West Warwick, RI -- Astro-Med, Inc. (NASDAQ:ALOT) announced today that the Board
of Directors has declared a 10% stock dividend payable to shareholders of record
as of May 4, 2004. It is  anticipated  that the dividend will be  distributed on
May 26, 2004.  The Company will  continue to maintain a cash dividend rate of 16
cents per common share annually.

Commenting  on the  Board’s  action,  Albert W. Ondis,  Chairman  and Chief
Executive  Officer  stated,  “The  Board  is  very  pleased  to  share  the
successful  financial results of FY 2004 with all shareholders by declaring this
additional stock dividend. The Company has realized marked progress in executing
the strategic  initiatives  of growth and  profitability  in each Product Group:
Test and Measurement,  QuickLabel(R)Systems and Grass-Telefactor(R). We are very
optimistic  about  Astro-Med’s  future  and  will  continue  to  drive  our
strategic plan towards maximizing shareholder value.

Astro-Med,  Inc.  is a  leading  manufacturer  of high tech  specialty  printing
systems,   electronic   medical   instrumentation,   and  test  and  measurement
instruments employed around the world in a wide range of industrial, scientific,
and medical applications.

                              Safe Harbor Statement

This news release contains  forward-looking  statements,  and actual results may
vary from those  expressed  or implied  herein.  Factors that could affect these
results  include  those  mentioned in  Astro-Med's  FY2004 annual report and its
annual and quarterly filings with the Securities and Exchange Commission.

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