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Neogen Reports 16% Increase in Revenues

ed in 2009 due to the impact of the economic downturn. However, sales of associated disposable AccuPoint samplers and Soleris vials increased sharply--providing proof of the continued use and acceptance of these unique Food Safety products.

Neogen's financial performance continued to gain increased notice in the investment community in the past year, as the company was selected for the Russell 2000 and Standard & Poor's SmallCap 600 indexes, and was named to Fortune Magazine's annual list of America's 100 Fastest Growing Small Public Companies, and to Forbes Magazine's annual list of the 200 Best Small Companies in America for the fourth consecutive year and seventh time in the last nine years.

Neogen Corporation develops and markets products dedicated to food and animal safety. The company's Food Safety Division markets dehydrated culture media, and diagnostic test kits to detect foodborne bacteria, natural toxins, genetic modifications, food allergens, drug residues, plant diseases and sanitation concerns. Neogen's Animal Safety Division markets a complete line of diagnostics, veterinary instruments, veterinary pharmaceuticals, nutritional supplements, disinfectants, and rodenticides.

    (In thousands except for per share and percentages)

                                    Quarter ended May 31   Year ended May 31
                                       2009      2008      2009      2008

       Food Safety                  $15,924   $15,596   $61,025   $57,664
       Animal Safety                 14,966    11,523    57,696    44,754
                                     ------    ------    ------    ------
     Total revenue                   30,890    27,119   118,721   102,418
     Cost of sales                   15,413    13,017    59,288    49,185
SOURCE Neogen Corporation
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