For the nine months ended January 31, 2005, the Company reported a loss of $0.03 per diluted share on revenue of $383.9 million compared with earnings of $0.09 per diluted share on revenue of $380.1 million for the nine months ended January 31, 2004.

Included in the results of both the fiscal 2005 third quarter and first nine months were tax benefits of $1.6 million. These benefits were attributable to the favorable impact of permanent tax benefits applied to a year-to-date pre-tax loss.

Giles continued: "In addition to recording the modest operating profit, we generated in excess of $7.5 million of cash from operations. This was the sixth consecutive quarter of positive cash generation, with cumulative operating cash flow of about $43 million. As a result of this performance, we have been able to reduce our debt obligations, from about $90 million at May 9, 2003, the date of our refinancing, to $45.2 million at January 31, 2005. We remain committed to carefully managing our cash and to reducing our outstanding obligations as rapidly and prudently as possible."

Giles concluded: "We are encouraged by the long-term prospects for our business and are excited about the many new products that we will be launching in the coming quarters. These products, combined with our focus on continued improvements in our operating fundamentals, should position our company favorably as we move forward."

For additional information, including segment and order entry information, please see our quarterly report on Form 10-Q for the quarter ended January 31, 2005 filed with the Securities and Exchange Commission.

Gerber Scientific, Inc. (http://www.gerberscientific.com) is a leading supplier of sophisticated automated manufacturing systems for sign making and specialty graphics, apparel and flexible materials, and ophthalmic lens processing. Headquartered in South Windsor, Connecticut, the Company operates through four businesses: Gerber Scientific Products, Spandex Ltd., Gerber Technology, and Gerber Coburn. 

Statements contained in this news release regarding the Company's expected financial condition, revenue, cash flow, operating results, restructuring and other charges, cost savings, operational efficiencies, debt reduction, and other potential benefits of its turnaround initiatives, business strategy and other planned events and expectations are forward-looking statements that involve risks and uncertainties. Actual future results or events may differ from these forward-looking statements. Readers are referred to the documents filed by the Company with the Securities and Exchange Commission, including the Company's quarterly reports on Form 10-Q for the quarters ended July 31, 2004 and October 31, 2004 and its annual report on Form 10-K for the fiscal year ended April 30, 2004, for a discussion of important risks that could cause actual results to differ from those contained or implied in the forward-looking statements. These risks include, but are not limited to, delays in the Company's new product development and commercialization, intense competition in markets for each of the Company's operating segments that could affect the Company's pricing decisions and the timing of product introductions, rapid technological advances that could cause the Company's inventory to exceed its needs or become obsolete, the Company's reliance on manufacturers or suppliers to supply inventory to the Company's specifications in a timely manner, non-recurring orders from significant customers, delays caused by facility relocations, the elimination of apparel trade quotas, fluctuations in currency exchange rates that could cause the Company's financial results to be volatile, and compliance with financial covenants associated with the Company's primary credit facilities. The Company expressly disclaims any obligation to update any of these forward-looking statements.