FOR IMMEDIATE RELEASE
February 29, 2000

Micronetics Not Aware Of Basis For Dramatic Activity In Stock
Hudson, NH --(BUSINESS WIRE)-- February 29, 2000-- Micronetics Wireless, Inc. (NASDAQ/NOIZ), as it announced yesterday, is displaying a new integrated AWGN Generator and Multi-Path fading simulator for CDMA applications at the CTIA Wireless 2000 trade show in New Orleans, which is targeted at J STD 018 PCS handset testing (1930-1990 MHZ) market. The Company expects to demonstrate this unit to various potential customers over the next few months. Except for this news and other news previously announced, the Company is unaware of any other factors contributing to the recent dramatic rise in its stock price.

Statements in this press release contain forward looking material. Actual results may vary due to a number of risks and uncertainties and should be viewed in conjunction with Micronetics' Annual Report for its fiscal year ended March 31, 1999.

Contact
Micronetics
Richard S. Kalin, President
212-239-8900 x22