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Misonix Announces the Sale of Its Laboratory and Forensic Safety Products Business for $1.5 Million
Date:10/20/2011

FARMINGDALE, N.Y., Oct. 20, 2011 /PRNewswire/ -- Misonix, Inc. (NASDAQ: MSON), a medical device company that designs, manufactures and markets innovative therapeutic ultrasonic products worldwide for wound debridement, cosmetic surgery, neurosurgery, laparoscopic surgery, and other surgical and medical applications, today announced that it has sold its Laboratory and Forensic Safety Products business to Mystaire, Inc. for $1.5 million in cash plus a potential additional payment of up to an aggregate of $500,000 based upon 30% of net sales in excess of $2.0 million for each of the three years following the closing.  The Laboratory and Forensic Safety Products business manufactures and markets ductless fume, laminar airflow, and polymerase chain reaction workstations both domestically and internationally with revenues for fiscal 2011 of approximately $2.1 million.

Michael A. McManus Jr., President and Chief Executive Officer, stated, "We are pleased to further strengthen our balance sheet with an additional $1.5 million and an opportunity to receive an additional $500,000 over the next three years for the sale of a non-core business.  We expect to use the proceeds to continue to invest in our sales and marketing efforts in our Medical Device business.  The transition emphasizes our complete commitment to focusing and growing our Medical Device business."  

About Misonix:

Misonix, Inc. designs, manufactures and markets therapeutic ultrasonic medical devices and laboratory and scientific equipment. Misonix's therapeutic ultrasonic platform is the basis for several innovative medical technologies. Addressing a combined market estimated to be in excess of $3 billion annually; Misonix's proprietary ultrasonic medical devices are used for wound debridement, cosmetic surgery, neurosurgery, laparoscopic surgery, and other surgical and medical ap
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