Exhibit 99.1

FOR IMMEDIATE RELEASE
For Further Information
Contact: Angela D. Toppi, Executive Vice President & CFO
203/853-4321


TRANS-LUX COMPLETES $22 MILLION SENIOR DEBT REFINANCING

NORWALK, CT, February 18, 2003 - Trans-Lux Corporation (AMEX:  TLX) successfully
completed its senior debt refinancing with People's Bank (NASDAQ:  PBCT) and The
Bank of New York (NYSE:  BK) on February 13, 2003.  This financing allows the
Company significantly more flexibility in moving forward with its consolidation
plans resulting from previous acquisitions.  Trans-Lux Executive Vice President
and CFO Angela D.  Toppi made the announcement.

The refinancing, dated February 12, 2003 and funded on February 13, 2003,
includes two term loans totaling $17 million and a revolving line of credit of
up to $5 million at variable interest rates ranging from LIBOR plus 175 bps to
Prime plus 25 bps and mature September 30, 2005.  The entire revolving line is
available as none has been drawn at this time.

Trans-Lux is a full-service provider of integrated multimedia systems for
today's communications environments.  The essential elements of these systems
are real-time, programmable electronic information displays we manufacture,
distribute and service.  Designed to meet the evolving communications needs of
both the indoor and outdoor markets, these displays are used primarily in
applications for the financial, banking, gaming, corporate, transportation,
entertainment and sports industries.  In addition to its display business, the
Company owns and operates a chain of motion picture theatres in the western
Mountain States, as well as a national film booking service.

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