STAFFORD, Texas - November 24, 2003 - OYO Geospace (NASDAQ: OYOG) today announced a net loss of $2.5 million, or $(0.46) per diluted share, on revenues of $50.9 million for its fiscal year ended September 30, 2003. This compares with net income of $1.1 million, or $0.20 per diluted share, on revenues of $65.0 million for the prior year. The company said that its fourth quarter and fiscal 2003 sales and loss reflect a weak demand for seismic exploration equipment, costs associated with the company's effort to self-manufacture dry thermal film and severance costs related to our consolidation and reorganization plan.

For the fourth quarter ended September 30, 2003, OYO Geospace recorded sales of $11.4 million and a net loss of $494,000, or ($0.09) per diluted share. For the comparable period last year, the company recorded sales of $13.6 million and a net loss of $604,000, or ($0.11) per diluted share.

"Fiscal 2003 proved to be a challenging year," said Gary D. Owens, OYO Geospace's Chairman, President and CEO. "We continued to experience weak demand and significant pricing pressures for our exploration products. The previously announced reorganizational efforts are underway and will be finished before the end of the calendar year. The reorganization is intended to significantly reduce our cost structure and allow us to more effectively compete in this market."

"The inability of our primary film supplier to deliver thermal film earlier in the fiscal year put our commercial graphics business segment in an extremely difficult position. During the year, we recorded $0.6 million in charges to write-off defective film inventories from our initial effort to manufacture film and from warranty claims related to the last few deliveries from the primary film supplier. In response, we entered into the film production business. We purchased equipment and entered into a fast tracked effort to develop our own brand name film. Although we experienced losses in the accelerated development cycle of our new film, we recovered in the third and fourth quarters and actually posted a small profit for fiscal 2003. With stability in our film production process, we look forward to fiscal 2004 and expect an improving year from this business segment," continued Owens.

"The highlight of the year was the successful installation of the world's first large scale permanent seismic reservoir characterization and monitoring system. Installation took place in the Valhall field located in the Norwegian sector of the North Sea. BP with its partners Hess, Shell and Total operate the field," said Owens. "This hails the beginning of the permanent subsea seismic reservoir system market. This new marketplace encourages us as to future growth for our company with new system demand already in the tender process."

Owens also stated, "In September, we increased our ownership position to 97% in OYO-GEO Impulse International, our Russian subsidiary. Located in Ufa, Bashkortostan, Russia, OYO-GEO Impulse designs and manufactures seismic sensors for the Russian marketplace. Through our recent transfer of technology to Russia, OYO-GEO Impulse is now providing us with high-quality sensors of our own design. This operation will play an ever-increasing role in the manufacture and distribution of our products both in Russia and internationally. "

"Although still small, sales of our offshore cable and umbilical products saw good growth for the year. We expect further growth and acceptance of these products during the next fiscal year," said Owens.

"We anticipate a better year in 2004 led by increased revenues from our seismic reservoir products and improved profitability of our commercial graphics business segment. We also expect further sales growth from our offshore cable and umbilical products group. Finally, the consolidation and reorganization of the company is expected to lead to improved profit margins," said Owens.

OYO Geospace designs and manufactures instruments and equipment used by the oil and gas industry in the acquisition and processing of seismic data as well as in reservoir characterization and monitoring activities. The company also designs and manufactures equipment and film for the commercial graphics industry worldwide.

This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical fact included herein including statements regarding potential future products and markets, our potential future revenues, future financial position, business strategy, future expectations and other plans and objectives for future operations, are forward-looking statements. We believe our forward-looking statements are reasonable. However, they are based on certain assumptions about our industry and our business that may in the future prove to be inaccurate. Important factors that could cause actual results to differ materially from our expectations include the level of seismic exploration worldwide, which is influenced primarily by prevailing prices for oil and gas, the extent to which our new products are accepted in the market, the availability of competitive products that may be more technologically advanced or otherwise preferable to our products, the resolution of the situation in the Middle East and other factors disclosed under the heading "Risk Factors" and elsewhere in our most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, which are on file with the Securities end Exchange Commission. Further, all written and verbal forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by such factors.

OYO Geospace Corporation and Subsidiaries Consolidated Statements of Operations (in thousands except share and per share data) (unaudited)
	Three Months Ended September 30,				Year Ended September 30,
	2003		2002		2003		2002
Sales	$  11,421		$  13,648		$  50,854		$  65,049
Cost of sales	8,513		10,737		38,337		46,484
Gross profit	2,908		2,911		12,517		18,565
Operating expenses:
Selling, general and administrative expenses	2,507		2,743		11,273		11,538
Research and development expenses	1,224		1,299		5,226		5,347
Impairment of assets	-		30		-		1,246
Total operating expenses	3,731		4,072		16,499		18,131
Income (loss) from operations	(823)		(1,161)		(3,982)		434
Other income (expense):
Interest expense	(105)		(190)		(464)		(666)
Interest income	106		36		329		177
Other, net	56		9		204		(281)
Total other income (expense), net	57		(145)		69		(770)
Loss before income taxes, minority interest
and extraordinary gain	(766)		(1,306)		(3,913)		(336)
Income tax benefit	(355)		(697)		(1,399)		(857)
Income (loss) before minority interest and extraordinary gain	(411)		(609)		(2,514)		521
Minority interest	(83)		5		(19)		(88)
Income (loss) before extraordinary gain	(494)		(604)		(2,533)		433
Extraordinary gain, net of tax of $85,000	-		-		-		686
Net income (loss)	$  (494)		$  (604)		$  (2,533)		$  1,119
Basic earnings (loss) per share
Income (loss) before extraordinary gain	$  (0.09)		$  (0.11)		$  (0.46)		$  0.08
Extraordinary gain	-		-		-		0.12
Net income (loss)	$  (0.09)		$  (0.11)		$  (0.46)		$  0.20
Diluted earnings (loss) per share
Income (loss) before extraordinary gain	$  (0.09)		$  (0.11)		$  (0.46)		$  0.08
Extraordinary gain	-		-		-		0.12
Net income (loss)	$  (0.09)		$  (0.11)		$  (0.46)		$  0.20
Weighted average shares outstanding - Basic	5,554,205		5,545,883		5,550,216		5,535,979
Weighted average shares outstanding - Diluted	5,554,205		5,545,883		5,550,216		5,547,774

Stafford, Texas -- September 15, 2003 -- OYO Geospace (NASDAQ:OYOG) today announced the successful installation of the industry's largest permanent subsea seismic system. The system consists of 2,504 multi-component stations with a total of 10,016 channels. The system is installed in the Valhall Field located in the Norwegian sector of the North Sea in 70 meters of water. BP's Norwegian subsidiary, BP Norge, operates the field in partnership with divisions of Shell, Amerada Hess and Total. More than 90 miles of armored cables consisting of the sensor and digitizing system were trenched approximately one (1) meter below the ocean floor and cabled to the production platform. The data is gathered and temporarily stored on the platform. Data is then available for transmission via a fiber optic transmission cable directly into the processing office onshore or, conventionally through stored media. In addition to gathering seismic data, the system also measures tidal action and reservoir subsidence at the rig site.

The project was a joint collaboration between BP and Geospace Engineering Resources International (GERI), a division of OYO Geospace. The project was more than two years in design and construction. Rigorous sea trials were conducted prior to installation to insure a successful installation. The system was designed and manufactured in-house by GERI and the manufacturing divisions of OYO Geospace in Houston, Texas.

Gary D. Owens, Chairman, President and CEO of OYO Geospace said, "This marks the beginning of a new application for the seismic method in which the industry can monitor changes in the reservoir during production of the field. Such information can lead to an increase in extracted hydrocarbons. The system increases knowledge of the reservoir by monitoring production caused changes. Understanding the changes in a field's characteristics allows the engineers to utilize the best options available to sustain and increase the productive life of a field."

Owens continued, "We are hopeful that the success of this project will lead to future projects in other fields. We are aware of other potential fields in need of this technology. The time-lapse seismic technique is one of the most sought after new tools for managing the reservoir. The permanent seismic system solution offers significant advantages over retrievable systems in many situations. It is these particular reservoir situations that hold the best opportunities for us in the future to build on what we have learned in this project."

The system technology of GERI is also in use in the deep waters of the North Sea in the form of retrievable subsea seismic acquisition systems as well as employed in the company's suite of borehole seismic systems. Both system types were designed by GERI and manufactured by the manufacturing division of OYO Geospace. They are currently used in North America, China, Europe and the Middle East.

This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical fact included herein including statements regarding potential future products and markets, our potential future revenues, future financial position, business strategy, future expectations and other plans and objectives for future operations, are forward-looking statements. We believe our forward-looking statements are reasonable. However, they are based on certain assumptions about our industry and our business that may in the future prove to be inaccurate. Important factors that could cause actual results to differ materially from our expectations include the extent to which our new products are accepted in the market, the availability of competitive products that may be more technologically advanced or otherwise preferable to our products, the resolution of the situation in the Middle East and other factors disclosed under the heading "Risk Factors" and elsewhere in our most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, which are on file with the Securities end Exchange Commission. Further, all written and verbal forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by such factors.

STAFFORD, Texas - July 28, 2003 - OYO Geospace (NASDAQ: OYOG) today announced a net loss of $759,000, or $(0.14) per diluted share, on revenues of $12.9 million for its third quarter ended June 30, 2003. This compares with net income of $1.2 million, or $0.21 per diluted share, on revenues of $24.7 million in the comparable quarter last year. Last year's third quarter results reflect a $15.8 million sale of a large seabed reservoir characterization and monitoring system as well as a $1.2 million asset impairment charge relating to the bankruptcy of the company's primary supplier of thermal film.

For the nine months ended June 30, 2003, OYO Geospace recorded sales of $39.4 million and a net loss of $2.0 million, or ($0.37) per diluted share. For the comparable period last year, the company recorded sales of $51.4 million and net income of $1.7 million, or $0.31 per diluted share. Along with the $15.8 million sale and $1.2 million asset impairment charge discussed above, last year's period included an extraordinary gain of $686,000, or $0.12 per diluted share, related to the company's increased ownership in its Russian subsidiary, OYO-GEO Impulse International.

The net loss for the quarter was impacted by several unusual charges including (i) a $446,000 write-off of defective film inventories, including film stocks remaining from the former (now bankrupt) film supplier and from the company's initial effort to manufacture film, (ii) a $121,000 charge to accelerate the depreciation on certain assets in the company's borehole services group, partially due to technology upgrades, and (iii) severance payments of $50,000 resulting from the company's reorganization effort.

"Our traditional seismic exploration marketplace continues to struggle with little new crew activity or equipment needs," said Gary D. Owens, OYO Geospace's Chairman, President and CEO. "We continue to see margins in this part of our business slip as equipment manufacturers scramble to serve a declining marketplace. In response to these conditions, we are rationalizing and reordering our workforce, planning a multi-facility consolidation and reorganizing the structure of the company. This reorganization is expected to facilitate profitability through a significant reduction of future manufacturing and operating costs.

"While challenges plague the seismic exploration market, we continue to see customer interest in our seismic reservoir characterization and monitoring products. New international customers have placed orders and expressed indications of interest for these products, and two existing customers have purchased additional equipment to expand their fleet. These products continue to be an important growth opportunity for our company," continued Owens.

"We are also pleased to see steady growth in our offshore cable and umbilical products. Customer bookings and quotes continue to increase as our cable design and production capabilities become better known in this large marketplace. We believe sales growth in this division will continue to gain momentum in the near term," said Owens.

"Our commercial graphics operation posted its first quarterly profit in over a year. We are now routinely and successfully producing our own private label film that meets our customer's strict quality demands. New products include the recent introduction of a 1200 dpi imager, and we recently initiated development of a new film for higher density applications. This operation appears to have turned the corner and we are optimistic that operating results will continue to show improvement," Owens continued.

OYO Geospace designs and manufactures instruments and equipment used by the oil and gas industry in the acquisition and processing of seismic data as well as in reservoir characterization and monitoring activities. The company also designs and manufactures equipment and film for the commercial graphics industry worldwide.

This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical fact included herein including statements regarding potential future products and markets, our potential future revenues, future financial position, business strategy, future expectations, future deliveries, increased demands and other plans, objectives and intentions for future operations, are forward-looking statements. We believe our forward-looking statements are reasonable. However, they are based on certain assumptions about our industry and our business that may in the future prove to be inaccurate. Important factors that could cause actual results to differ materially from our expectations include the level of seismic exploration worldwide, which is influenced significantly by prevailing prices for oil and gas, the extent to which our new products are accepted in the market, the availability of competitive products that may be more technologically advanced or otherwise preferable to our products, the resolution of the situation in the Middle East and other factors disclosed under the heading "Risk Factors" and elsewhere in our most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, which are on file with the Securities end Exchange Commission. Further, all written and oral forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by such factors.

OYO Geospace Corporation and Subsidiaries Consolidated Statements of Operations (in thousands except share and per share data) (unaudited)
	Three Months Ended June 30,				Six Months Ended June 30,
	2003		2002		2003		2002
Sales	$12,855		$24,668		$39,433		$51,401
Cost of sales	10,151		17,904		29,824		35,747
Gross profit	2,704		6,764		9,609		15,654
Operating expenses:
Selling, general and administrative expenses	2,807		2,756		8,766		8,795
Research and development expenses	1,299		1,531		4,002		4,048
Impairment of assets	-		1,216		-		1,216
Total operating expenses	4,106		5,503		12,768		14,059
Income (loss) from operations	(1,402)		1,261		(3,159)		1,595
Other income (expense):
Interest expense	(121)		(162)		(359)		(476)
Interest income	108		44		223		141
Other, net	101		(14)		148		(290)
Total other income (expense), net	88		(132)		12		(625)
Income (loss) before income taxes, minority interest
and extraordinary gain	(1,314)		1,129		(3,147)		970
Income tax expense (benefit)	(457)		(38)