PRO-DEX, INC. Announces Fiscal 2009 Fourth Quarter and Full-ye...(ederal securities laws. Statements regar...),Health

Date:9/17/2009

ederal securities laws. Statements regarding the Company's future events, developments and future performance, as well as management's expectations, beliefs, plans, estimates or projections relating to the future, are forward-looking statements within the meaning of these laws. The Company's actual results may differ materially from those suggested as a result of various factors. Interested parties should refer to the disclosure concerning the operational and business concerns of the Company set forth in the Company's filings with the Securities and Exchange Commission.

                                  (tables follow)


                         PRO-DEX, INC. and SUBSIDIARIES
                           CONSOLIDATED BALANCE SHEETS

                                              30-Jun-09         30-Jun-08
                                              ---------         ---------
    ASSETS
    Current assets:
      Cash and cash equivalents              $1,124,000          $517,000
      Accounts receivable, net of allowance
       for doubtful accounts of $52,000 in
       2009 and $144,000 in 2008              2,515,000         2,842,000
      Other Current Receivables                  16,000           205,000
      Inventories                             3,365,000         5,101,000
      Prepaid expenses                          117,000           214,000
      Prepaid income taxes                      118,000           860,000
      Deferred income taxes                           -         1,176,000
                                                    ---         ---------
        Total current assets                  7,255,000        10,915,000
                                              ---------        ----------
    Property, plant, equipment and
     leasehold improvements, net              5,981,000         6,470,000
                                              ---------         ---------

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SOURCE  Pro-Dex, Inc.
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