Escalon(R) Announces Executive ... (nd has also previouslyserved as Operatio...)

Escalon(R) Announces Executive Promotions

Date:12/27/2007

nd has also previously served as Operations Manager at Sonomed, Inc. and Quality Manager of Escalon Medical. Mr. Wallace had previously worked with Lunar Corp. (now GE Healthcare) and Trek Medical. Mr. Wallace holds a Bachelor of Science in Industrial Engineering and a Masters of Science in Manufacturing Systems Engineering, both from the University of Wisconsin-Madison. He is also a senior member of the American Society of Quality.

Richard J. DePiano, Chairman and Chief Executive Officer, commented, "I am pleased to announce these promotions as Richard and Mark have both demonstrated their leadership capabilities and contributed greatly to our targeted growth strategies. I'm sure they will both continue to deliver strong leadership for our customers, employees and shareholders."

Founded in 1987, Escalon develops markets and distributes ophthalmic diagnostic and surgical products as well as vascular access devices. Drew Scientific, which operates as a separate business unit, provides instrumentation and consumables for the diagnosis and monitoring of medical disorders in the areas of diabetes, cardiovascular diseases and hematology, as well as veterinary hematology and blood chemistry. Escalon seeks to utilize strategic partnerships to help finance its development programs and is also seeking acquisitions to further diversify its product line to achieve critical mass in sales and take better advantage of Escalon's distribution capabilities. Escalon has headquarters in Wayne, Pennsylvania and manufacturing operations in Long Island, New York, New Berlin, Wisconsin, Dallas, Texas, Waterbury, Connecticut and Barrow-in-Furness, U.K.

Note: This press release contains statements that are considered forward- looking under the Private Securities Litigation Reform Act of 1995, including statements about Escalon's future prospects. They are based on Escalon's current expectations and are subject to a number of uncertainties and risks, and actual results m
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