Asyst also announced that management will host a conference at 8:30 a.m. Eastern Time on Monday, Oct. 16, 2006 to discuss its results for the fiscal first quarter ended June 30, 2006. A press release related to the first quarter financial results will be issued prior to the call. A live webcast of the conference call will be publicly available on Asyst’s website at http://www.asyst.com and accessible by going to the investor relations page and clicking on the “webcast” link. The telephonic conference call may be accessed by dialing (303) 262-2194.

For more information, including this press release, any non-GAAP financial measures that may be discussed on the webcast as well as the most directly comparable GAAP financial measures and a reconciliation of the difference between those GAAP and non-GAAP financial measures, as well as any other material financial and other statistical information contained in the webcast, please visit Asyst’s website at www.asyst.com. A replay of the Webcast may be accessed via the same procedure. In addition, a standard telephone instant replay of the conference call is available by dialing (303) 590-3000, followed by the passcode 11073835 #. The audio instant replay is available from Oct. 16 at 10:30 a.m.. Eastern Time through Oct. 31 at 2:59 a.m. Eastern Time.

Forward Looking Statements

Except for statements of historical fact, the statements in this release are forward-looking. The forward-looking statements include statements regarding the release of future financial results and filing of anticipated SEC documents; and other factors more fully detailed in the company's annual report on Form 10-K for the year ended March 31, 2005, and other reports filed with the Securities and Exchange Commission.

General Risks Relating to the Delayed Reports:

The forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from the statements made. These factors include, but are not limited to: uncertainties whether the expected range of expense charges previously discussed will change as Asyst finalizes and files its financial statements; uncertainties relating to the time needed to complete the financial review and preparation of financial statements by Asyst, and the time needed by our independent registered public accounting firm to complete its audit, review and other procedures relating to the financial statements and delayed SEC reports and whether that firm will agree with the presentation of financial statements prepared by Asyst; uncertainty whether we will be able to file our delayed SEC reports and any required restatements on or before the November 30, 2006, deadline set in the previously reported NASDAQ hearing panel decision that conditions continued listing of our common stock on our meeting that requirement; the outcome of the previously announced SEC and Department of Justice inquiries; the likelihood that fees and expenses associated with the special committee inquiry, governmental inquiries, NASDAQ hearing, accounting review, pending and potential lawsuits, or other matters arising from the company's prior stock option practices are or will be material in any reporting period; requests by current or former officers and directors of the company for indemnification or advancement or reimbursement of fees and expenses; the impact of lawsuits or other proceedings initiated in relation to the matters discussed above or the company's prior stock option grant practices; uncertainty that these or other matters could comprise a material weakness in the Company’s internal control over financial reporting, which could prevent the company from timely meeting its future reporting requirements or obligations to maintain effective internal control; distraction of management's attention from our operations; volatility in our stock price pending resolution of or resulting from the matters discussed above; and other factors more fully detailed in the company's annual report on Form 10-K for the year ended March 31, 2005, and other reports filed with the Securities and Exchange Commission.

Special Risks Relating to Our Outstanding Indebtedness:

In addition, we previously reported in a Form 8-K filed on August 24, 2006, that Asyst received on August 16, 2006, a letter from U.S. Bank National Association, as trustee under the Indenture related to Asyst's 5¾% Convertible Subordinated Notes due 2008, which asserts that Asyst is in default under the indenture because of the previously announced delays in filing its Form 10-K for the fiscal year ended March 31, 2006 and Form 10-Q for the fiscal quarter ended June 30, 2006. The letter states that this asserted default is not an "Event of Default" under the indenture if the company cures the default within 60 days after receipt of this notice, or the default is waived by the holders of a majority in aggregate principal amount of the notes outstanding. If an Event of Default were to occur, the holders of the notes, of which $86.3 million principal amount is outstanding, may accelerate maturity of the notes. Asyst does not agree with the trustee's assertion that the delayed filing of the annual and quarterly reports is a default, and reserves its rights to contest this and other aspects of asserted default in the letter. However, in the event that Asyst is not able to file the delayed SEC reports within 60 days after August 16, 2006, Asyst may face additional risks that the trustee or requisite holders of the notes would seek to accelerate the obligations outstanding under the notes, and the further risk that this inability would trigger an event of default under our previously reported senior credit agreement entered into in June 2006 with Bank of America, N.A., as administrative agent and other parties. The occurrence of such an event of default could also result in acceleration of our obligations under the senior credit agreement, as well as increases in the interest rates payable on those obligations, and exercise of collateral foreclosure and other remedies asserted by the lenders under the agreement. This senior credit agreement provides a $115 million senior secured credit facility consisting of a $100 million revolving credit facility, including a $20 million sub-limit for letters of credit and $10 million sub-limit for swing-line loans, and a $15 million term loan facility. If all or any substantial portion of the indebtedness were accelerated, Asyst’s current liquid assets would not be sufficient to repay this indebtedness, and there is no assurance that Asyst would be able to negotiate a refinancing of this indebtedness on satisfactory terms or at all.

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