MILPITAS, Calif., March 2, 2010 (GLOBE NEWSWIRE) -- LTX-Credence
Corporation (Nasdaq:LTXC) today announced the pricing of an
underwritten public offering of 15,500,000 shares of its common stock
at $2.85 per share. LTX-Credence has also granted to the underwriters a
30-day option to purchase up to an aggregate of 2,325,000 additional
shares of common stock to cover over-allotments, if any. All of the
shares are being offered by LTX-Credence pursuant to an effective shelf
registration statement previously filed with the Securities and
Exchange Commission. Barclays Capital is acting as the sole book-runner
for the offering, with Needham & Company, LLC acting as joint lead
manager and Stifel Nicolaus and Craig-Hallum Capital Group acting as
co-managers. The offering is expected to close on March 8, 2010.

The offering will result in net proceeds to LTX-Credence, after
deducting underwriting discounts and commissions and estimated offering
expenses, of approximately $41.2 million. LTX-Credence intends to use
these net proceeds for working capital and other general corporate
purposes, including the possible reduction of indebtedness. This
reduction of indebtedness may involve the repayment at maturity of the
company's outstanding 3.50% convertible senior subordinated notes due
2010 and 2011; the repurchase of any such notes through open market
repurchases, negotiated transactions or otherwise; or the repayment of
all or a portion of the company's outstanding bank debt.

This press release does not constitute an offer to sell, or the
solicitation of an offer to buy, these securities, nor will there be
any sale of these securities in any state or jurisdiction in which such
offer, solicitation or sale is not permitted. The offering of these
securities will be made only by means of a prospectus supplement and
accompanying prospectus, copies of which may be obtained from Barclays
Capital Inc., c/o Broadridge Integrated Distribution Services, 1155
Long Island Avenue, Edgewood, NY 11717;
barclaysprospectus@broadridge.com (phone: 888-603-5847).

The issuer has filed a registration statement (including a base
prospectus) with the Securities and Exchange Commission, or SEC, for an
offering to which this communication relates. Before you invest, you
should read the prospectus in that registration statement and related
prospectus supplements and other documents that the issuer has filed or
will file with the SEC for more complete information about the issuer
and this offering. You may get these documents for free by visiting
EDGAR on the SEC website at www.sec.gov. Alternatively, you may obtain
a preliminary prospectus supplement and accompanying prospectus as
indicated above.

About LTX-Credence

LTX-Credence is a global provider of focused, cost-optimized ATE
solutions designed to enable customers to implement best-in-class test
strategies to maximize their profitability. LTX-Credence addresses the
broad, divergent test requirements of the wireless, computing,
automotive and entertainment market segments, offering a comprehensive
portfolio of technologies, the largest installed base in the
Asia-Pacific region, and a global network of strategically deployed
applications and support resources.

Safe Harbor for Forward-Looking Statements

Statements in this release, including statements relating to
LTX-Credence's expectations regarding the completion, timing and size
of the proposed public offering, constitute forward-looking statements
within the meaning of the United States securities laws, including the
Private Securities Litigation Reform Act of 1995. Any statements that
are not statements of historical fact (including statements containing
the words "believes," "anticipates," "plans," "expects," "may," "will,"
"would," "intends," "estimates" and similar expressions) should also be
considered to be forward-looking statements. These statements are
subject to known and unknown risks and uncertainties that could cause
actual results or events to differ materially from those stated or
implied, including but not limited to: uncertain global economic and
industry conditions, the duration and severity of the current economic
climate, fluctuations in business and consumer spending; fluctuations
in our sales and operating results; risks related to the timely
development of new products, options and software applications, as well
as the other risks described in our filings with the U.S. Securities
and Exchange Commission, including those included under the heading
"Business Risks" in our Quarterly Report on Form 10-Q for the fiscal
quarter ended October 31, 2009. LTX-Credence disclaims any intention or
obligation to update any forward-looking statements as a result of
developments occurring after the date of this press release.

LTX-Credence is a trademark of LTX-Credence Corporation.

All other trademarks are the property of their respective owners.


CONTACT:  LTX-Credence Corporation
          Richard Yerganian
          781.467.5063
          rich_yerganian@ltxc.com