Lynch Corporation Names New Director PROVIDENCE, R.I., July 26 /PRNewswire-FirstCall/ -- John C. Ferrara, a senior financial executive with more than 25 years of experience in operations, mergers and acquisitions, debt and equity financing, business development, strategic planning and corporate governance, has been named to the Board of Directors of Lynch Corporation. 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. "John's expertise in all areas of financial management and his operational experience make him a welcome addition to our board," said Ralph R. Papitto, chairman and chief executive of Lynch Corporation. Ferrara was the President and CEO of Space Holding Corporation until March 2002, and the Chief Financial Officer of Space Holding Corporation from November 1999 to December 2000. Headquartered in New York City, the company is a multi-media enterprise devoted to people's fascination with space, science and technological innovation. He was Chief Financial Officer and Executive Vice President of Renaissance Communications Corp., the Greenwich, Connecticut-based owner and operator of television stations (1987-97), as well as Chief Financial Officer and Executive Vice President of Golden Books Family Entertainment, Inc., the Manhattan-based publisher, licenser, and marketer of entertainment products (1998-99). Ferrara, a CPA, previously held financial positions at American Express Company, the National Broadcasting Company and Deloitte & Touche LLP. He is a Director of Lynch Interactive Corporation, Gabelli Asset Management, Inc., a member of the National Association of Corporate Directors (NACS), Financial Executives Institute (FEI), and a member of the American Institute of Certified Public Accountants. A Stamford, Connecticut, resident, he is a graduate of the University of Maryland (B.S. - accounting) and Columbia University (M.B.A. - finance). For more information, contact Richard E. McGrail, President and Chief Operating Officer, Lynch Corporation, 50 Kennedy Plaza #1250, Providence, RI 02903. (401) 453-2007. Fax (401) 453-2009. . http://www.lynchcorp.com/ DATASOURCE: Lynch Corporation CONTACT: Hugh Ryan of Lynch Corporation, +1-401-246-2300, Web site: http://www.lynchcorp.com/

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