EX-99
2
dyn8k-030805ex99.txt
EXHIBIT 99 - PRESS RELEASE
Exhibit 99.1
Contact: Craig Dunham
Dynasil Corporation
of America
Phone: (856) 767-4600
Email: cdunham@Dynasil.com
DYNASIL ANNOUNCES ACQUISITION OF OPTOMETRICS LLC
WEST BERLIN, N.J. - March 9, 2005 - Dynasil Corporation of
America (OTCBB: DYSL), fabricator of optical blanks from
synthetic fused silica, fused quartz, and other optical
materials for the semi-conductor, laser, space and optical
components industries is pleased to announce that it has
completed the purchase of Optometrics LLC of Ayer,
Massachusetts.
Optometrics is a worldwide supplier of quality optical
components including diffraction gratings, lenses, thin film
filters, laser optics, monochromators, and specialized
optical systems and software. The previous owners of
Optometrics LLC, Ms. Laura Lunardo and Mr. Frank Denton,
signed two year, renewable employment contracts and will
continue to actively lead the Optometrics business which
will now be Optometrics Corporation. Additionally, Ms.
Lunardo is now Dynasil's CFO. The anticipated revenues for
the combined companies are expected to exceed $6 million.
$700,000 of equity in the form of Dynasil convertible
preferred stock was raised from existing and new
shareholders to finance the acquisition in addition to bank
financing.
Dynasil has been a long term supplier to Optometrics and
glass is a key raw material for Optometrics' products. Mr.
Craig Dunham, Dynasil President and CEO, had the following
comments on the acquisition: "I believe that Optometrics is
an excellent addition to Dynasil with Optometrics' record of
profitable growth, strong people, and optical
customers/markets that fit well with Dynasil. The year is
off to a good start with strong orders in both companies.
The combination of the two companies is expected to lead to
increased profitability for both companies. We look forward
to acquiring similar strong companies with growth
opportunities and synergy with our current businesses".
Mr. Frank Denton, CEO of Optometrics commented that "We
believe that Dynasil and Optometrics have complementary
strengths which should auger well for the future and that
the sum is much greater than the individual parts".
About Dynasil: Founded in 1960, Dynasil Corporation of
America is a
fabricator of optical blanks from synthetic fused silica,
fused quartz
and other optical materials.
This news release may contain forward-looking statements
usually
containing the words "believe", "expect", or similar
expressions.
These statements are made pursuant to the safe harbor
provisions of the
Private Securities Litigation Reform Act. Future results of
operations, projections, and expectations, which may relate
to this
release, involve certain risks and uncertainties that could
cause
actual results to differ materially from the forward-looking
statements. Factors that would cause or contribute to such
differences
include, but are not limited to, the factors detailed in the
Company's
Annual Report or Form 10-KSB and in the Company's other
Securities and
Exchange Commission filings, continuation of existing market
conditions
and demand for our products.

EX - 99 2 dyn8k - 030805ex99 . txt EXHIBIT 99 - PRESS RELEASE Exhibit 99 . 1 Contact : Craig Dunham Dynasil Corporation of America Phone : ( 856 ) 767 - 4600 Email : cdunham@Dynasil.com DYNASIL ANNOUNCES ACQUISITION OF OPTOMETRICS LLC WEST BERLIN , N . J . - March 9 , 2005 - Dynasil Corporation of America ( OTCBB : DYSL ) , fabricator of optical blanks from synthetic fused silica , fused quartz , and other optical materials for the semi - conductor , laser , space and optical components industries is pleased to announce that it has completed the purchase of Optometrics LLC of Ayer , Massachusetts . Optometrics is a worldwide supplier of quality optical components including diffraction gratings , lenses , thin film filters , laser optics , monochromators , and specialized optical systems and software . The previous owners of Optometrics LLC , Ms . Laura Lunardo and Mr . Frank Denton , signed two year , renewable employment contracts and will continue to actively lead the Optometrics business which will now be Optometrics Corporation . Additionally , Ms . Lunardo is now Dynasil 's CFO . The anticipated revenues for the combined companies are expected to exceed $ 6 million . $ 700,000 of equity in the form of Dynasil convertible preferred stock was raised from existing and new shareholders to finance the acquisition in addition to bank financing . Dynasil has been a long term supplier to Optometrics and glass is a key raw material for Optometrics ' products . Mr . Craig Dunham , Dynasil President and CEO , had the following comments on the acquisition : " I believe that Optometrics is an excellent addition to Dynasil with Optometrics ' record of profitable growth , strong people , and optical customers / markets that fit well with Dynasil . The year is off to a good start with strong orders in both companies . The combination of the two companies is expected to lead to increased profitability for both companies . We look forward to acquiring similar strong companies with growth opportunities and synergy with our current businesses " . Mr . Frank Denton , CEO of Optometrics commented that " We believe that Dynasil and Optometrics have complementary strengths which should auger well for the future and that the sum is much greater than the individual parts " . About Dynasil : Founded in 1960 , Dynasil Corporation of America is a fabricator of optical blanks from synthetic fused silica , fused quartz and other optical materials . This news release may contain forward - looking statements usually containing the words " believe " , " expect " , or similar expressions . These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act . Future results of operations , projections , and expectations , which may relate to this release , involve certain risks and uncertainties that could cause actual results to differ materially from the forward - looking statements . Factors that would cause or contribute to such differences include , but are not limited to , the factors detailed in the Company 's Annual Report or Form 10 - KSB and in the Company ' s other Securities and Exchange Commission filings , continuation of existing market conditions and demand for our products .
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