Science Dynamics Reports Q3 Earnings Company Reports Sharply Increased Revenues Pennsauken, NJ, November 23, 2005 -- Science Dynamics Corporation (OTC BB: SIDY), a software engineering and services company providing advanced solutions to key government agencies and enterprise customers, reported earnings today for the third fiscal quarter ended September 30, 2005. Science
Dynamics reported third quarter revenue of $1,119,135, an 86% increase from
$601,427 in the third quarter a year ago. The company reported a net loss of
$501,417 versus net income of $288,608 in the same quarter last year. Results from the comparable quarter of last
year included a one time gain of $285,310 related to the sale of media assets. Revenue for the nine months ended September 30, 2005 was $3,248,699, an 87% increase from revenue of $1,740,633 in the comparable period a year ago. The company reported a net loss for the first nine months of this year of $1,093,411, or $0.01 per diluted share, versus net income of $225,762, or $0.00 per diluted share, for the first nine months of 2004. Paul Burgess, CEO of
Science Dynamics, said, “Our sharply increased revenues underscore the early
success of our acquisition strategy.
This quarter’s sales highlight the positive contribution made by SMEI, which
was acquired in the first quarter of this year. Approximately $517,322 of the increase in cost of sales over the
comparable quarter was also due to the SMEI acquisition. Looking forward, we’re
continuing to improve the efficiencies gained by acquiring SMEI as we qualify
other acquisition candidates. We also
have a number of strategic initiatives underway aimed at strengthening our
balance sheet and adding profitable new revenue. We look forward to sharing
details of these activities with shareholders in the coming months.” The full text of company’s 10-Q report can be read at www.hawkassociates.com . About Science Dynamics Corporation Headquartered in Pennsauken, N.J., Science Dynamics
Corporation is a developer of advanced technological solutions with nearly 25
years of experience. The company designs, deploys and manages highly secure
advanced technological solutions at key government agencies and mid- to
large-sized enterprises. Science Dynamics Corporation’s telecommunications
solutions are installed in over 30,000 ports throughout 18 countries
worldwide. For more information, visit http://www.scidyn.com.
About Systems Management
Engineering, Inc. Science Dynamics owns 82% of SMEI. SMEI has developed advanced data management applications, Internet server technology and information systems that it markets to both public and private sectors. SMEI’s product, Aquifer, helps its customers reduce development time for projects, manage the deployment of applications across the Internet to desktops around the world and implement military-grade security on all systems where the applications are deployed. For more information about SMEI, visit http://www.sysmanagement.com. An investment profile about
Science Dynamics may be found at http://www.hawkassociates.com/sciencedynamics/profile.htm. For investor relations information regarding
Science Dynamics, contact Frank Hawkins or Julie Marshall, Hawk Associates, at
(305) 451-1888, e-mail: info@hawkassociates.com.
An online investor relations kit including copies of press releases, current
price quotes, stock charts and other valuable information for investors may be
found at http://www.hawkassociates.com
and http://www.americanmicrocaps.com.
Forward-Looking
Statements: Certain statements made in this press release by Science Dynamics
Corporation are forward-looking statements.
Although such statements are based on current expectations they are
subject to a number of future uncertainties and risks, and actual results may
differ materially. The uncertainties and risks include, but are not limited to,
the acquisition by Science Dynamics Corporation of Systems Management
Engineering, Inc. and the successful operation of Systems Management
Engineering, Inc. post-acquisition, additional potential acquisitions of
Science Dynamics Corporation and the ability of Science Dynamics Corporation to
effectively execute its business plan and develop a successful business. Any forward-looking statements are made
pursuant to the Private Securities Litigation Reform Act of 1995 and, as such,
speak only as of the date made. Statements made in this document that are not
purely historical are forward-looking statements, including any statements as
to beliefs, plans, expectations, anticipations or intentions regarding the
future. Science Dynamics Corporation assumes no obligation to update
information concerning the forward-looking statements contained herein. Web site: http://www.scidyn.com/ http://www.sysmanagement.com/ Home
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