On January 14, 2013, CSP Inc. acknowledged a press release was made on January 9, 2013 by North & Webster LLC which submitted a proposal seeking to enter into private discussion to purchase the Company at a price of $5.50 per share. Further, the Company said that the board has not entered into any discussions with North & Webster and sees no merit in giving further consideration to that proposal. The Company also stated that as of the closing of business on January 11, 2013, the Company's shares last traded at $6.71, with respect to this, the Company's board and management are optimistic about its future prospects.

Further, the Company stated that it has filed preliminary proxy materials in connection with the 2013 annual meeting of shareholders and anticipates sending proxy materials to all shareholders for the annual meeting scheduled to be held on February 5, 2013.