EXHIBIT 99.1

                 Acterna Reports Third-Quarter Financial Results

Germantown, MD - February 14, 2003 - Acterna today filed with the U.S.
Securities & Exchange Commission its Form 10-Q, reporting results of operations
and financial condition for the third quarter ended December 31, 2002.

About Acterna Corporation

Based in Germantown, Maryland, Acterna Corporation (OTCBB: ACTR) is the holding
company for Acterna, da Vinci Systems and Itronix. Acterna is the world's second
largest communications test and management company. The company offers
instruments, systems, software and services used by service providers, equipment
manufacturers and enterprise users to test and optimize performance of their
optical transport, access, cable, data/IP and wireless networks and services. da
Vinci Systems designs and markets video color correction systems to the video
postproduction industry. Itronix sells ruggedized computing devices for field
service applications to a range of industries. Additional information on Acterna
is available at http://www.acterna.com.

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Contacts:

Media - Jim Monroe, 240-404-1922
Investors - Mike Rhine, 240-404-1823