Net sales were $8,317,424 for the thirteen weeks ended March 31, 2009, an increase of $594,409 or 8% as compared to $7,723,015 for thirteen weeks ended March 31, 2008. For FY2009, the Company reported net sales of $30,347,285 as compared to net sales of $32,624,946 for FY2008, a decrease of $2,277,661 or (7%).

For the thirteen weeks ended March 31, 2009, the Company reported a net loss of ($270,495) or ($0.06) per diluted share as compared to net income of $303,097 or $0.06 per diluted share, for the quarter ended March 31, 2008. For FY2009, the net loss was ($9,563,927) or ($1.98) per diluted share, as compared to net income of $1,662,383 or $0.34 per diluted share for FY2008, a decrease of $11,126,310. The net loss for FY 2009 includes a pre-tax, non-cash goodwill and intangible asset impairment charge of approximately $9.3 million.

The decrease in net sales for the fiscal year is primarily attributable to a decrease in net sales of high performance amplifiers for commercial WIMAX and public safety applications of approximately $6.8 million. This decrease was offset in part by an increase of $2.8 million in sales of integrated component sub-systems for jamming and electronic modernization and an increase of approximately $1.7 million in sales of other components.

Dave Robbins, Micronetics CEO, stated, "We are diversifying our high power amplifier (HPA) business into defense and airborne platforms and are starting to get traction evidenced by our booking development contracts with large defense contractors for communications on the move (COTM) and jamming applications. In addition we are developing digital pre-distortion technology which may greatly improve the linearity, cost, and efficiency of HPAs, we believe these will be important requirements for wide-scale deployment of emerging communication systems."

Micronetics' backlog increased to a record $26 million on over $10 million in bookings for the quarter ended March 31, 2009.

Mr. Robbins, continued, "Q4 earnings were affected by a non cash write-down of inventory primarily related to the uncertainty in today's commercial markets, and because of the mix of revenue related to development contracts. We remain optimistic about our outlook based on our ongoing robust bookings. We continue to execute against critical milestones and have received positive customer feedback on delivered prototype integrated subsystems. In addition, we foresee a strong pipeline of opportunities in jamming and electronic system modernization for defense programs as well as RFID and In-flight internet commercial programs. We continue to focus on converting our backlog into cash and completing qualification deliveries of integrated subsystems that we expect will contribute to significant growth potential over the next several years."

Micronetics manufactures microwave and radio frequency (RF) components and integrated subassemblies used in a variety of defense, aerospace and commercial applications. Micronetics also manufactures and designs test equipment and components that test the strength, durability and integrity of communication signals in communications equipment. Micronetics serves a diverse customer base, including AeroSat, Anaren Microwave, Anritsu, Augusta Aerospace, BAE Systems, Boeing, Comtech, EADS, EDO/Benchmark, General Dynamics, ITT Electronic Warfare Systems, L-3 Communications, Lockheed Martin, NAVICP, Nextwave/Jabil Circuit, Northrop Grumman, Pegasus GSS, Qualcomm, Raytheon, Teradyne, Tektronix and Thales. Additional information can be found on our website at http://www.micronetics.com.

Some of the statements contained in this news release are forward-looking statements. The accuracy of these statements cannot be guaranteed as they are subject to a variety of risks, including but not limited to reductions in spending by certain of our customers, our ability to operate and integrate acquired companies, our ability to manage our growth, disruptions in supply or production, increased levels of debt, our ability to protect our proprietary information, future economic conditions in our industry and generally, as well as other factors. The information in this release should be reviewed in conjunction with Micronetics' Annual Report for its fiscal year ended March 31, 2009.

  INCOME STATEMENT DATA                                                  ($000s omitted except per share data)                                                                                                                                                Thirteen Weeks                                                         Ended March 31,                                                           2009              2008                                                                              Net sales                              $  8,317          $  7,723                                                                             Gross profit                              1,390             3,248                                                                             Research and development                  655               417                                                                               Selling, general and                                                   administrative expenses                   2,036             1,973                                                                             Amortization of intangibles               66                183                                                                               Other expense                             (94     )         (155   )                                                                          (Loss) income before income taxes         (1,461  )         520                                                                               (Benefit) provision for income taxes      (1,191  )         217                                                                               Net (loss) income                         ($ 270  )   $     303                                                                               Net (loss) income per common share:                                    Basic                                     ($ .06  )   $     .06        Diluted                                   ($ .06  )   $     .06                                                                               Weighted average shares                                                Outstanding:                                                           Basic                                     4,554             4,995      Diluted                                   4,554             5,013       -------------------------------------------------------------------------------  

  INCOME STATEMENT DATA                                                  ($000s omitted except per share data)                                                                                                                                                Year                                                                   Ended March 31,                                                           2009             2008                                                                                                                                                      Net sales                              $  30,347        $  32,625                                                                             Gross profit                              9,184            12,919                                                                             Research and development                  1,869            1,018                                                                              Selling, general and                                                   administrative expenses                   7,899            7,590                                                                              Goodwill impairment charge                7,965            --                                                                                 Intangible asset impairment charge        1,295            --                                                                                 Amortization of intangibles               566              733                                                                                Other expense                             (328      )      (565    )                                                                          (Loss) Income before income taxes         (10,738   )      3,013                                                                              (Benefit) provision for income taxes      (1,174    )      1,351                                                                              Net (loss) income                         ($ 9,564  )   $  1,662                                                                              Net (loss) income per common share:                                    Basic                                     ($ 1.98   )   $  .34         Diluted                                   ($ 1.98   )   $  .34                                                                                Weighted average shares                                                Outstanding:                                                           Basic                                     4,836            4,932       Diluted                                   4,836            4,951        -------------------------------------------------------------------------------  

  BALANCE SHEET DATA                                   ($000s omitted)                                                                   Year                                                 Ended March 31,                                      2009        2008                                                             Cash, cash equivalents and                           short term investments       $  620      $  3,563    Working capital                 8,544       11,197   Total assets                    25,526      33,386   Non-current liabilities         3,993       5,551    Shareholders' equity            12,230      22,409    -------------------------------------------------------------------------------  

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