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  • 4/8/2005 12:34:01 PM ETNews Release Index 

    Eye Dynamics Has Ninth Straight Quarter of Profits
     
    TORRANCE, Calif., Apr 08, 2005 (BUSINESS WIRE) --

    Eye Dynamics, Inc. (OTCBB:EYDY) completed year 2004 with its ninth consecutive quarter of profits. The 10 KSB was filed with the SEC on April 6th. Complete audited financial statement is included in the filing. Revenues for the year were $2,084,000 with a net income of $386,315. This represents earnings of $0.02 per share.

    The company continues to be a major supplier of medical products to an ever-expanding customer base of physicians by including Neurologists, Internal Medicine and Chiropractors to its mature market of ENT/Otologist physicians. In addition, Medicare has focused its attention on 'fall prevention' programs.

    Balance problems are reported in almost 10 percent of the population who are 65 years of age or older. Fall-related injuries such as breaking (or fracturing) a hip are a leading cause of death and disability in older individuals (National Institute of Health). "I believe this emerging fall prevention market will be a significant opportunity for Eye Dynamics," said Ron Waldorf, CEO.

    Through its exclusive domestic marketing company, MedTrak Technologies, branded versions of the medical product line are being provided to a growing number of physician and medical practices that use physical therapists for balance rehabilitation.

    As previously announced, Eye Dynamics signed a Letter of Intent to Acquire OrthoNetx (Superior, CO www.orthonetx.com), a leading provider of medical devices for osteoplastic surgery. The acquisition will be completed as a stock transaction. The acquisition is subject to certain customary conditions including certain regulatory approvals.

    About Eye Dynamics, Inc.

    Eye Dynamics is in the business of producing and marketing patented proprietary products and other services for the institutional, medical and government markets. The company is a leader in the Video ENG medical product market, having invented the Video ENG system and brought it to market in 1994. SafetyScope, the company's latest product, is designed for the 'fitness-for-duty' screening of workers. SafetyScope is simple to use, takes only 90 seconds and does not require any bodily fluids like urine-based drug testing. It is based on the manual methods of evaluating eye responses of an individual to detect neurological signs of impairment used by law enforcement throughout the United States.

    To find out more about Eye Dynamics, Inc. (OTC:EYDY), visit our web site at www.EYEDYNAMICS.COM.

    Safe Harbor for Forward-Looking Statements

    This news release includes forward-looking statements that are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. Whereas management believes such representations to be true and accurate based on information and data available to the company at this time, actual results may differ materially from those described. The company's operations and business prospects are always subject to risk and uncertainties. Important factors that may cause actual results to differ are set forth in the company's periodic filings with the U.S. Securities and Exchange Commission.

    SOURCE: Eye Dynamics, Inc.

    Eye Dynamics, Inc. By Galen Capital Group, LLC Charlotte Peliccia, (703) 556-6105 x102 cpelliccia@galencapitalgroup.com

    Copyright Business Wire 2005

    News Release Index





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