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Dynatronics Reduces Annual Expenses by $1.9 Million
Date:5/2/2008

SALT LAKE CITY, May 2 /PRNewswire-FirstCall/ -- Dynatronics Corporation (Nasdaq: DYNT) today announced that it has completed measures designed to reduce expenses by an estimated $1.9 million annually.

These cost savings were achieved primarily by a reduction of approximately 20 percent of the company's workforce and the elimination of duplicative overhead expense. Many of these reductions had been contemplated following the successful acquisition and assimilation of six key distributors last summer. Since that time, Dynatronics has successfully consolidated operations from eight distribution points to three.

"Reductions of this kind are never easy, but they were part of our assimilation plan going into the acquisitions," reported Kelvyn H. Cullimore Jr., chairman and president of Dynatronics. "It has taken a little longer than expected, but eliminating redundant positions and streamlining key processes will allow us to maximize the synergies of the combined operations and realize the savings we had anticipated in making these acquisitions."

All expense reductions were completed prior to March 31, the end of the company's fiscal third quarter. "The fact that we completed these reductions in the third quarter and recently introduced four exciting new products positions us well for the fourth quarter and beyond," Cullimore added.

Dynatronics manufactures, markets and distributes advanced-technology medical devices, orthopedic soft goods and supplies, treatment tables and rehabilitation equipment for the physical therapy, pain management, sports medicine, chiropractic, podiatry, plastic surgery, dermatology and other related medical, cosmetic and aesthetic markets.

This press release contains forward-looking
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SOURCE Dynatronics Corporation
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