Lynch Corporation Announces Changes to its Board of Directors

Lynch Corporation Announces Changes to its Board of Directors



PROVIDENCE, R.I., Sept. 22  /PRNewswire/ -- Lynch Corporation announced today
that Marc J. Gabelli has been elected to the Board of Directors and succeeds
Ralph R. Papitto as Chairman.  Mr. Papitto has resigned from the Board to
become Chairman Emeritus and serve as Co-Chairman of a Board of Advisors, with
Mario J. Gabelli.

"We want to thank Ralph for his stewardship of the company for the past several
years," said Marc Gabelli.  "Ralph has led the company through turbulent times,
made acquisitions and restructured operations to position Lynch Corporation for
future growth."

Mario J. Gabelli also resigned from the Board as its Co-Chairman.

"We also want to thank Mario for his many contributions over the years to
Lynch, as both Chief Executive Officer and a Director," said Marc Gabelli.

Marc Gabelli is a general partner of the Venator Merchant Fund and Gemini
Capital Management, and President of Gabelli Group Capital Partners, Inc. Prior
to joining Gabelli, Marc worked for Lehman Brothers International in New York
and London with research and arbitrage responsibilities.

Marc said, "As a significant Lynch Corporation shareholder through the Venator
Merchant Fund, I look forward to taking on the responsibilities of Chairman and
working to build value for all of the company's shareholders."

Lynch Corporation is a multi-industry company that manufactures a broad range
of capital equipment and custom-designed electronic components.  The company's
shares are traded on the American Stock Exchange under the symbol LGL.

For more information, contact Marc J. Gabelli, Lynch Corporation, 50 Kennedy
Plaza, Suite 1250, Providence, RI 02903, [phone],
http://www.lynchcorp.com/.

Forward Looking Statement

This release contains certain forward-looking information within the meaning of
the Private Securities Litigation Reform Act of 1995, as amended, including,
without limitation, the performance of the corporation's businesses, certain
cost savings, and other possible operational improvement. It should be
recognized that such information is based upon certain assumptions, projections
and forecasts including, without limitation, business conditions and financial
markets, the corporation's internal projections, and the cautionary statements
set forth in the documents filed by the Lynch Corporation with the Securities
and Exchange Commission.  As a result, such information is subject to
uncertainties, risks and inaccuracies, which could be material. 

DATASOURCE: Lynch Corporation



CONTACT:  Marc J. Gabelli of Lynch Corporation, [phone]; or Hugh

Ryan of RyanWellnitz & Associates, [phone], 



Web site:  http://www.lynchcorp.com/

Copyright