North & Webster Urges CSP Inc. Shareholders To Stop, Look And Listen Before Signing Or Returning Any White Proxy Card

 North & Webster Urges CSP Inc. Shareholders To Stop, Look And Listen Before
 Signing Or Returning Any White Proxy Card Distributed By CSP Inc. Management
                         For The 2013 Annual Meeting

Says Shareholders Will Be Receiving North & Webster's Proxy Materials and GOLD
Proxy Card

Urges Shareholders to Send Loud and Clear Message to the Board of Directors by
WITHHOLDING Their Vote on the GOLD Proxy Card When it Becomes Available

Delivers Open Letter to the Board Expressing Disappointment that Board has
Deliberately "Jammed" the 2013 Annual Meeting to Disenfranchise Shareholders
and is Misleading Shareholders as to North & Webster's Intentions

PR Newswire

BOSTON, Jan. 9, 2013

BOSTON, Jan. 9, 2013 /PRNewswire/ -- North & Webster, LLC, together with its
affiliates ("North & Webster"), issued a statement today to the shareholders
of CSP Inc. (Nasdaq: CSPI) ("CSP" or the "Company") urging them to STOP, LOOK
and LISTEN before signing or returning any white proxy card distributed by CSP
in connection with the 2013 Annual Meeting. North & Webster also announced
that shareholders will soon be receiving its proxy materials and GOLD proxy
card.We believe the Company deliberately took action to prevent North &
Webster from having sufficient time to present an alternative slate of
director candidates at the 2013 Annual Meeting, thereby limiting the
availability of choice to all shareholders in the process. We are now seeking
shareholder support to prevent a quorum from existing at the 2013 Annual
Meeting to demonstrate disapproval of the Board's actions and as a referendum
to demonstrate shareholders prefer the Company to immediately commence a sale
process designed to maximize shareholder value than the status quo.

North & Webster believes that the CSP Board has manipulated the corporate
machinery in an apparent effort to entrench the Board and management by filing
its preliminary proxy materials between Christmas and New Year's Day and just
40 days ahead of the February 5, 2013 date set for the 2013 Annual Meeting.
The Board has also acknowledged that it had notice of North & Webster's
intention to nominate an opposing slate of directors well ahead of setting the
2013 Annual Meeting date.

North & Webster strongly believes that now is the time to maximize value for
all shareholders through an open and transparent sale process conducted by a
reputable investment bank. As disclosed in further detail in the open letter
below to the CSP Board, nearly two months ago, North & Webster made a bona
fide offer to acquire all of the shares of common stock of CSP for $5.50 per
share in cash which, at the time, represented a 15% premium to the 60-day
moving average and was higher than the stock's 3-year high. The Board has
repeatedly refused to meet with North & Webster to engage in substantive
negotiations regarding its offer. The Board's egregious anti-shareholder
behavior has left North & Webster with little choice but to make its offer and
interest in a thorough sale process known publicly.

North & Webster's Open Letter to the Board of Directors is available at the
SEC's website and can be viewed by clicking the following link:

Investor contacts:

North & Webster
Sam Kidston, 617-395-8121

SCB Advising
Steve Balet, 646-290-5243

SOURCE North & Webster
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