EXHIBIT 99.1
                                                                   ------------



     Nestor, Inc. 400 Massasoit Avenue, Suite 200 East Providence, RI 02914
              Ph: (401) 434-5522 Fax: (401) 434-5809 www.nestor.com




FOR IMMEDIATE RELEASE


CONTACT:   Nigel P. Hebborn, Executive Vice President
           (401) 434-5522 ext. 714 www.nestor.com


                GEORGE BALL JOINS NESTOR, INC. BOARD OF DIRECTORS
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Providence, RI - October 27, 2003- Nestor, Inc. (OTC: NESO) announced today that
Mr. George L. Ball has been appointed to the Nestor Board of Directors. Mr. Ball
is the Chairman of Sanders Morris Harris Group,  the largest  investment-banking
firm headquartered in the Southwest.

Prior to joining  Sanders Morris Harris Group,  Mr. Ball was a Senior  Executive
Vice  President  of Smith  Barney  Shearson  Inc.  He was  formerly  Chairman of
Prudential  Securities,  and  served  as a member  of the  Executive  Office  of
Prudential Insurance Company of America. Before joining Prudential, Mr. Ball was
President of E.F.  Hutton & Co. He is a former  governor of the  American  Stock
Exchange and the Chicago  Board  Options  Exchange,  and served on the Executive
Committee of the Securities Industries Association.

"George  Ball will help  guide  Nestor in its  expansion.  He brings  investment
banking  skills,  investment  community  contacts  and an overall  energy to the
Company that is most welcome.  Nestor's market leading technology in the rapidly
growing traffic safety markets creates  opportunities for the Company.  Mr. Ball
and the other Board members will assist Nestor in navigating these opportunities
to improve  shareholder  value",  stated William  Danzell,  President and CEO of
Nestor, Inc.

Nestor, Inc., through its wholly owned subsidiary, Nestor Traffic Systems, is an
emerging  leader in providing  innovative,  video-based  monitoring  systems and
services for traffic safety. Its CrossingGuard(R)  product incorporates Nestor's
patented  image  processing  technology,  providing  an  intelligent,  real-time
solution that promotes intersection safety.  Through the use of multiple videos,
real-time system monitoring and an optional Collision  Avoidance safety feature,
Nestor is offering customers the most advanced Automated  Red-light  Enforcement
solution available.

Statements in this press release about future expectations,  plans and prospects
for Nestor,  including  statements  containing the words "expects,"  "will," and
similar expressions, constitute forward-looking statements within the meaning of
Section  21E of the  Securities  Exchange  Act of 1934.  We may not  achieve the
plans,  intentions or expectations  disclosed in our forward-looking  statements
and investors should not place undue reliance on our forward-looking statements.
Actual   results   may  differ   materially   from  those   indicated   by  such
forward-looking  statements as a result of various  factors,  including:  market
acceptance of our products,  competition and other factors  discussed in Exhibit
99.1 to our most recent  annual  report filed with the SEC. The  forward-looking
statements  included in this press  release  represent  our current views and we
specifically disclaim any obligation to update these forward-looking  statements
in the future.

CrossingGuard is a registered trademark of Nestor Traffic Systems, Inc. For more
information, call (401) 434-5522 or visit www.nestor.com.


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