Mesa Labs Reports Higher Quarterly Sales an...(boratories develops acquires manufacture...),Health

This news release contains forward-looking statements which involve risks and uncertainties. The Company's actual results could differ materially from those in any such forward-looking statements. Additional information concerning important factors that could cause results to differ materially from those in any such forward-looking statement is contained in the Company's Annual Report on Form-10K for the year ended March 31, 2008 as filed with the Securities and Exchange Commission, and from time to time in the Company's other reports on file with the Commission.

FINANCIAL SUMMARY

STATEMENT OF EARNINGS (Unaudited)

Quarter Ended Six Months Ended

September 30 September 30

2008 2007 2008 2007

Net Sales $5,679,000 $4,868,000 $10,734,000 $9,154,000

Cost of Goods 2,033,000 1,583,000 3,883,000 2,968,000

Gross Profit 3,646,000 3,285,000 6,851,000 6,186,000

Operating Expense 1,552,000 1,363,000 3,220,000 2,750,000

Operating Income 2,094,000 1,922,000 3,631,000 3,436,000

Other (Income) & Expense (34,000) (49,000) (63,000) (96,000)

Earnings Before Taxes 2,128,000 1,971,000 3,694,000 3,532,000

Income Taxes 775,000 692,000 1,324,000 1,238,000

Net Income $1,353,000 $1,279,000 $2,370,000 $2,294,000

Earnings Per Share

(Basic) $.43 $.40 $.75 $.72

Earnings Per Share

(Diluted) $.42 $.39 $.73 $.70

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