With the The Glitch Mob significant reductionin facility

With the surmises all the cash glitch mob significant reductionin glitch mob gathers facility size, the Company expects to realize annual facility cost savings of$1.4 million on an ongoing basis. The Company expects to finalize thesearrangements during the fourth quarter of fiscal 2009. The Company also recordeda $0.3 million restructuring charge for severance related to headcountreductions during the quarter The Glitch Mob tickets – theglitchmob .As of November 30, 2008, the Company was not in compliance with the minimumEBITDA covenant as set forth in its credit agreement with Bank of America The Glitch Mob . TheCompany is working with its lender to obtain a waiver or amendment; however,there can be no assurance that such waiver will be obtained.

If no amendment orwaiver is obtained, the Company will be in default under the provisions of thecredit facility and the Company’s lender may accelerate repayment all the cash glitch mob remix . In thisevent, the Company may need to raise funds to repay its lender, and there can beno assurance that such funds will be available The Glitch Mob tickets .”Our third quarter results reflect the extremely challenging macroeconomicconditions, which continue to deteriorate, combined with the unprecedentedweakness in the credit markets,” said Steve Muellner, President and ChiefExecutive Officer of Meade mob glitch . “Still, we performed reasonably well considering theextent of negative conditions in the marketplace and the impact on manufacturersand retailers globally, especially for sales of discretionary goods such astelescopes red rocks music schedule The Glitch Mob concert tickets – myspace . We improved gross margins and continued to realize cost savings fromthe Company’s restructuring efforts red rocks ticket . To further reduce our overhead costs, weexpect to terminate our Irvine lease and move to less expensive real estate bythe end of the fiscal year, with significant cost savings to be realized infiscal 2010.

In short, management has been working diligently to removesignificant operating expense from the Company’s overhead costs, in order tobetter align our cost base with the lower activity levels.”Mr . Muellner concluded, “The overall turnaround of the Company is a continuingeffort, and we will continue to look for opportunities to further reduce ourcost structure, navigate through the economic malaise and better position theCompany for profitability The Glitch Mob concert tickets .”ABOUT MEADE INSTRUMENTSMeade Instruments is a leading designer and manufacturer of optical productsincluding telescopes and accessories for the beginning to serious amateurastronomer red rocks concerts . Meade offers a complete line of binoculars that address the needs ofeveryone from the casual observer to the serious sporting or birding observer.The Company distributes its products worldwide through a network of specialtyretailers, mass merchandisers and domestic and foreign distributors red rocks amphitheatre concerts . Additionalinformation on Meade is available at”Safe-Harbor” Statement under the Private Securities Litigation Reform Act of1995: This news release contains comments and forward-looking statements basedon current plans, expectations, events, and financial and industry trends thatmay affect the Company’s future operating results and financial position,including, without limitation, the Company’s expectations that the cost savingsand improved gross margins can be sustained and will be a key driver towardprofitability; that the Company will continue to implement further headcount andother cost reductions; and that the Company will finalize a solution for itsexcess facility space and that the savings will be in the amount projected bythe Company . Such statements involve risks and uncertainties which cannot bepredicted or quantified and which may cause future activities and results ofoperations to differ materially from those discussed above.

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