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Escalon(R) Reports First Quarter Fiscal 2010 Results
Date:11/20/2009

$289,065 $315,966 -------- -------- Non-GAAP adjusted (loss) income $(368,434) $(164,896) ========= ========= Shares used in computing basic and fully diluted earnings per share 7,526,430 6,413,930 ========= ========= Non-GAAP adjusted income (loss) per fully diluted share $(0.05) $(0.03) ====== ======

Founded in 1987, the Company (www.escalonmed.com) develops markets and distributes ophthalmic diagnostic, surgical and pharmaceutical products as well as vascular access devices. Drew Scientific, which operates as a separate business unit, provides instrumentation and consumables for the diagnosis and monitoring of medical disorders in the areas of diabetes, cardiovascular diseases and hematology, as well as veterinary hematology and blood chemistry. The Company seeks to utilize strategic partnerships to help finance its development programs and is also seeking acquisitions to further diversify its product line to achieve critical mass in sales and take better advantage of the Company 's distribution capabilities, although such partnerships or acquisitions may not occur. The Company has headquarters in Wayne, Pennsylvania and operations in Long Island, New York, New Berlin, Wisconsin, Lawrence, Massachusetts, Dallas, Texas, Waterbury, Connecticut, Miami, Florida, Barrow-in-Furness, U.K. and Le Rheu, France.

Note: This press release contains statements that are considered forward-looking under the Private Securities Litigation Reform Act of 1995, including statements about the Company's future prospects. These statements are based on the Company's current expectations and are sub
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SOURCE Escalon Medical Corp.
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