FOR IMMEDIATE RELEASE
January 25, 2001

Micronetics' Q3 Revenues Increase 25%; Profits Double
Hudson, NH -- (BUSINESSWIRE) -- January 25, 2001 -- Micronetics Wireless, Inc. (NASDAQ/NOIZ) announced record financial results for its third quarter and first nine months of its fiscal year ending March 31, 2001 (FY2001).

Net sales for Q3 of FY2001 increased to $2,075,585 from $1,665,769 for Q3 of FY2000, an increase of $409,816 or 24.6%. Net income for Q3 of FY2001 increased to $304,404, or $.08 per share, as compared to $143,666, or $.04 per share, in the same quarter a year ago. This is an increase of $160,738 or 112%. This is based on the weighted average number of shares outstanding of 4,002,224 during Q3 of FY2001 as compared to 3,788,800 during Q3 of FY2000.

Net sales in the first nine months of FY2001 increased to $5,570,439 from $4,495,300 in the first nine months of FY2000, an increase of $1,075,139 or over 23.9%. Net income for the first nine months of FY2001 increased to $690,935, or $.17 per share, as compared with $398,179, or $.11 per share, in the same period a year ago. This is an increase of $292,756 or 73.5%. This is based on the weighted average number of shares outstanding of 4,002,224 during the first nine months of FY2001 as compared to 3,788,800 during the first nine months of FY2000.

Richard Kalin, President, stated "The performance during the first nine months of FY2001 is a record in both revenues and profits. It reflects continuing growth in our Testing Solutions and VCO Products Groups, offset partially by a modest reduction in our Components Group (which occurred largely in Q1 while we were in the process of transferring to manufacturing more complex microwave integrated subassemblies). During the first nine months, we continued to make significant investments in growing our business, including improvements in our marketing efforts and engineering resources. These improvements are allowing us to better anticipate and respond to customer needs and to continue to improve and deepen our customer base."

Headquartered in Hudson, NH, Micronetics manufactures and designs innovative test equipment and test components that are used to test the strength, durability and integrity of communication signals in communications and internet infrastructure equipment. Micronetics also manufactures microwave and radio frequency (RF) components and integrated subassemblies used in a variety of commercial wireless and military products. Micronetics' products are used in or test communication and internet infrastructure equipment (including wireless base stations, repeaters, and cable modem equipment), fixed terminal point-to-point/multi-point data radios, consumer subscriber products (cellular/PCS/satellite handsets), home networking equipment and military/aerospace platforms (satellite communications, electronic warfare and electronic counter-measures). Micronetics serves a diverse customer base, including some of the world's leading technology companies, such as Adtran, Alcatel, Cisco, Comsat, Daimler Benz Aerospace, Datron, Ericsson, Hughes, L-3 Communications, BAE Systems, Motorola, NEC, Nortel, Northrop Grumman, Raytheon and Teradyne.

Some of the statements contained in this news release are forward-looking statements. The accuracy of these statements cannot be guaranteed as they are subject to a variety of risks, including but not limited to the success of the products into which the Company's products are integrated, governmental action relating to wireless communications licensing and regulation, internal projections as to the demand for certain types of technological innovation, competitive products and pricing, the success of new product development efforts, the timely release for production and the delivery of products under existing contracts, future economic conditions generally, as well as other factors. The information in this release should be reviewed in conjunction with Micronetics' Annual Report for its fiscal year ended March 31, 2000.

INCOME STATEMENT DATA
($000s omitted except per share data)

			9 Months Ended		3 Months Ended
			December 31, 		 December 31,_
    			2000	  1999		2000      1999

Net sales		$5,570    $4,495       $2,076    $1,666
Net income		   691	     398	  304	    144
Net income per share       .17       .11	  .08	    .04
Wgt. avg. shares         4,002	   3,789	4,002	  3,789
 outstanding			

  			 December 31, 2000     March 31, 2000

Working capital		      $4,994                $4,078
Total assets                   7,991                 6,873
Non-current liabilities          778                   703
Shareholders= equity  	       6,344                 5,427