FOR IMMEDIATE RELEASE
January 28, 1998

MICRONETICS ANNOUNCES 35% INCREASE IN SALES AND DOUBLING OF NET INCOME FOR '98
Hudson, NH -- Micronetics Wireless, Inc. (Nasdaq-NOIZ), a manufacturer of specialized RF components and test equipment for use in wireless and other types of communication systems, today announced financial results for its third quarter and nine months ended December 31, 1997.

Net income for the nine months ended December 31, 1997 was $318,376, or $.09 per share, as compared with net income before extraordinary item of $229,902, or $.07 per share, in the same period a year ago. Last year the Company also had an extraordinary item benefit of $98,566, or $.03 per share. Net sales were $3,455,412 versus $2,700,256 in the first nine months of Fiscal 1997, an increase of $755,156 or 28%.

Net income for 3Q98 was $111,477, or $.03 per share, more than doubling net income of $49,800, or $.02 per share, in 3Q97. Net sales were $1,243,281 in 3Q98 versus $916,207 in 3Q97, an increase of $327,074 or over 35%.

Richard S. Kalin, President, stated "We have been increasing our investments in research and development and in marketing. These increases should support continued increases in sales and earnings over the next few quarters. Our shipments to Asia are up for the fourth quarter."

Based in Hudson, NH, Micronetics Wireless is a manufacturer of specialized RF components and test equipment used as building block components and test equipment by manufacturers of cellular PCS, wireless local loop, satellite and other manufacturers of communications equipment.

Income Statement Data


Three Months Ended December 31,
($000s omitted except per share amounts)

					 1997	       1996
Net Sales				1,243		916
Net income				  111		 50
Earnings per share:			 $.03		.02
Wgt. avg. shares outstanding		3,371	      3,269


Nine Months Ended December 31,

					 1997	       1996
Net Sales				3,455	      2,700
Income before extra-ordinary item	  318		230
Extraordinary item (insurance settlement)  -		 99
Net income				  318		328
Earnings per share:					   
   Before extraordinary item		 $.09		.07
   Extraordinary item			   -		.03
   Net income per share			 $.09		.10
Wgt. avg. shares outstanding		3,371	      3,269


Balance Sheet Data

		         	      12/31/97       3/31/97
Working Capital				2,727	      2,358
Total Assets				5,037	      4,648
Non-current liabilities			  939		956
Shareholders' equity			3,436	      3,013



Contact

Micronetics

Richard S. Kalin, President

212-239-8900 x22