KENT, Wash., Sept. 11 /PRNewswire-FirstCall/ -- Flow International
Corporation (Nasdaq: FLOW), the world's leading supplier of
ultrahigh-pressure waterjet products, announced on September 6, 2006 that
it would delay the release of its results for the first fiscal 2007 quarter
ended July 31, 2006. In a press release on that date, Flow indicated that
the reason was that it had recently been made aware of allegations raising
questions as to whether it is appropriate to recognize revenues for certain
sales of waterjet cutting systems in the first quarter. This press release
updates the September 6th press release. Flow has received information
alleging that certain sales of Nanojets by Flow Asia were recognized in the
wrong period. The audit committee of Flow has engaged independent counsel
to assist in its investigation of the allegations, related matters and any
possible improprieties related to such transactions.
    It is uncertain how long the investigation will take and when the
Company will be able to release its first quarter results and file the
Quarterly Report on Form 10-Q for the first quarter. The Company will
reschedule a conference call to discuss first quarter results as soon as is
practicable.
    About Flow International
    Flow International Corporation is the world's leading developer and
manufacturer of ultrahigh-pressure waterjet cutting technology to
industries including automotive, aerospace, job shop, surface preparation,
and more. For more information, visit http://www.flowcorp.com .
    Contact: Flow Investor Relations
                253-813-3286

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