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Pro-Dex, Inc. Announces Fiscal Second Quarter 2010 Results
Date:2/4/2010

009 and down from $3.9 million at December 31, 2008.

Mark Murphy, the Company’s President and Chief Executive Officer, commented, “We are pleased to report another quarter of solid sales, earnings and cash generation. Excluding both the negative impact of the patent write-off and the positive impact of the tax gain, the Company’s operating engine produced its third consecutive two-cents per share quarter.  And in an environment where cash is critical, it is encouraging to post another half-million dollar positive operating cash quarter.  Stronger fiscal year 2010 sales, combined with our reduced cost structure, have allowed the Company to function more efficiently.”

Pro-Dex also announced today that Mr. Patrick Johnson will be leaving the employment of the Company effective February 5, 2010.  Mr. Johnson joined the Company in 2000 as the General Manager of the Micro Motors Division, served as CEO from 2002 to 2006, and as Executive Vice President and Chief Business Development Officer since 2006.

Commenting on this event, Mr. Murphy stated, “Patrick has made significant contributions to Pro-Dex during his 10 year career here.  He led the reinvention of the Company in the early 2000’s, transforming Pro-Dex from a dental hand-piece company into a comprehensive medical device development and manufacturing player.  His leadership has framed a large part of who we are today.  Patrick will next be applying his leadership skills to a major humanitarian relief effort in Haiti, heading up a project called WorldBed.  On behalf of the Company, I want to thank Patrick and wish him all the best in his future endeavors.”

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SOURCE Pro-Dex, Inc.
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