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Dynatronics Announces Positive Financial Results for Quarter
Date:11/13/2009

SALT LAKE CITY, Nov. 13 /PRNewswire-FirstCall/ -- Dynatronics Corporation (Nasdaq: DYNT) today announced results for its fiscal first quarter ended September 30, 2009.

Net income for the fiscal first quarter was $68,625 ($.01 per share), compared to a net loss of $138,951 ($.01 per share) for the comparable prior year period. Sales for the quarter increased 3.6 percent to $8,282,463, compared to $7,996,149 for the first quarter of the prior fiscal year.

"Generating our fourth consecutive profitable quarter is gratifying in light of these challenging economic times," stated Kelvyn H. Cullimore Jr., chairman and president of Dynatronics. "Both sales and net income before tax improved by approximately $300,000 for the quarter ended September 30, 2009, compared to the same quarter of the prior fiscal year."

Over the past two years, Dynatronics has implemented critical strategies to expand distribution and sales while at the same time undertaking an aggressive cost-reduction campaign to improve efficiencies. "These strategies are now beginning to bear fruit," added Cullimore. "The challenges of the national and world economy have made that progress more difficult and a little slower than anticipated. However, as the national economy improves over the next year, we are positioned to more fully realize the potential from the strategic plans we have implemented."

Initiatives to drive sales have also been underway. During the quarter ended September 30, 2009, Dynatronics announced a new preferred vendor agreement with Western Rehabilitation Health Network's 114 clinics. Dynatronics also expanded its direct sales force by 25 percent to 50 sales representatives. "These are only the beginning of our sales expansion efforts," said Larry K. Beardall, executive vice president of sales and marketing. "We plan to announce
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SOURCE Dynatronics Corporation
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