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Misonix Reports Earnings for the Three and Nine Months Ended March 31, 2009
Date:5/11/2009

business to iSonix LLC, a wholly owned subsidiary of Sonics and Materials, for a cash payment of $3.5 million. The Ultrasonics laboratory business manufactures and sells ultrasonic processors (Sonicators), ultrasonic soldering instruments, ultrasonic cleaners and related accessories. The assets are classified as held for sale and the results of operations are reported in discontinued operations as of March 31, 2009.

Commenting on Misonix's financial and operating results, Michael A. McManus, Jr., President and Chief Executive Officer, said, "Our third quarter results, particularly in our medical device business, were negatively impacted by the worldwide economic conditions which adversely affected the demand for capital equipment. Although the economic environment remains challenging we are encouraged by the performance and strength of our business model. Our focus for the remainder of the year is to build on our growing global distribution presence for our medical device products and deliver improved results.

Looking ahead, we anticipate that fiscal 2010 will continue to be a challenging environment, but we remain encouraged by customer response to our new products. In addition, the cost reduction actions already taken will continue to benefit our profitability. We believe that our new products, past cost control efforts, and continued efficiency gains will allow us to offset marketplace challenges.

During the quarter, we continued to execute on our initiative to significantly expand our distribution relationships throughout the world for our innovative Neuroaspirator, Wound Debrider and Bone Scalpel devices. We believe these relationships will increase our medical device revenue going forward.

A key objective of the third quarter and the fiscal year is an expansion of our European "fee for service" business model for HIFU (High Intensity Focused Ultrasound) treatments for prostate tumors usin
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SOURCE Misonix, Inc.
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