FAIRFIELD, N.J., May 24 /PRNewswire/ -- Measurement Specialties, Inc. (Amex: MSS) announced it will conduct a conference call today, Monday, May 24, 1999 at 2:00 PM EDT. In order to join the call dial 800-230-1096 prior to the 2:00 PM EDT start time. The Company recently released record Fiscal 1999 results. For the year ended March 31, 1999, sales were the highest in the Company's history at $37,596,000 versus $29,278,000 for Fiscal '98. The Company also reported record net income of $1,729,000 or $0.48 basic per share compared with net income of $777,000 or $0.22 basic per share for the prior fiscal year. Joseph R. Mallon, Jr., Chairman and CEO, commented, "New product introduction, cost reduction, and the integration of the PiezoSensors acquisition contributed to the record sales and profits. Fiscal 1999's strong results provide a platform for continued revenue and profitability growth. All product groups contributed to our third consecutive quarter of record comparable period earnings. Fiscal 1999 was a milestone in the planned transition of the Company from sensor-based consumer products to two thirds OEM sensors." The call will also be available live and for replay for the next 90 days over the Internet on VCALL at http//www.vcall.com. You may also listen to a replay of the call by dialing 800-475-6701 and entering access code 451692. Measurement Specialties, Inc. designs, produces and sells electronic sensors and sensor-based consumer products. MSS's products include piezoelectric and piezoresistant sensors for high volume OEM applications, as well as applications such as body-weight, kitchen, and postal scales, electronic tire pressure gauges and distance estimators. This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. These statements involve a number of risks and uncertainties as listed from time to time in the Company's SEC reports. The forward-looking statements above involve a number of risks and uncertainties. Factors that might cause actual results to differ materially include: conditions in the general economy and in the markets served by the Company; competitive factors, such as price pressures and the potential emergence of rival technologies, interruptions of suppliers' operations affecting availability of component materials at reasonable prices; timely development and market acceptance of new products; success in identifying, financing and integrating acquisition candidates; changes in product mix cost and yields, fluctuations in foreign currency exchange rates; uncertainties related to doing business in Hong Kong and China; and the risk factors listed from time to time in the Company's SEC reports. Actual results may differ materially.  