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Mesa Labs Reports Record Year End Sales and Earnings
Date:5/19/2008

ute less than four percent of the Company's total sales and are not expected to grow in the future.

Going into fiscal 2009 the Company expects to continue to focus on improving sales and marketing efforts, which were expanded significantly during Fiscal 2008. This plan, led by expansion of the Company's direct sales and telemarketing team, expansion of the international distribution network and increased marketing activity during fiscal 2008, is expected to pay further rewards in the new fiscal year. During the second half of the past fiscal year, Mesa further expanded its research and development staff and spending as we focus on increasing our new product development rate. The Company will also continue to pursue additional growth opportunities via acquisition of other companies or product lines focusing on profitable opportunities that complement our existing product lines.

Over the past fiscal year, the Company repurchased 38,033 shares of our common stock, compared to 26,014 shares of our common stock that was repurchased in the prior fiscal year. This program is expected to be continued in the new fiscal year depending on market conditions. The cost of the stock repurchase program in fiscal 2008 was approximately $831,000. In addition, the Company paid approximately $1,140,000 of total dividends during the fiscal year.

Mesa Laboratories develops, acquires, manufactures and markets electronic instruments and disposables for industrial, pharmaceutical and medical applications.

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-10KSB for the year ended March 31, 2007 as filed with the Securities a
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SOURCE Mesa Laboratories, Inc.
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