FOR IMMEDIATE RELEASE
March 17, 1999

MICRONETICS WIRELESS AUTHORIZES STOCK BUY-BACK
Hudson, NH, March 17, 1999 - Micronetics Wireless, Inc. (NASDAQ/NOIZ) announced today that its Board of Directors has authorized the repurchase of up to 5% of its outstanding shares of common stock. Richard S. Kalin, president and chief executive officer, commented, "Because of the low valuation of our stock, we believe that the current stock price does not reflect the long-term opportunity and value of our company."

The Board's action authorizes stock purchases in the open market or through privately negotiated transactions. Repurchased common shares will be added to the company's treasury shares and may be used to meet common stock requirements of stock option plans and other corporate purposes.

Based in Hudson, NH, Micronetics Wireless designs, manufactures and markets a wide range of test equipment and components used in testing and manufacturing of cellular, PCS, wireless local loop and satellite equipment. Through its Switching Products Group, it also manufactures components primarily used in radar, electronic intelligence, wireless communication and simulation applications. Micronetics' Switching Products Group completed two acquisitions earlier this quarter: Microwave & Video Systems, Inc. and Vectronics Microwave Corp.

This press release contains forward-looking statements, including statements concerning future sales of the company's products and developments in the microwave and wireless marketplace, which are subject to change. Actual results may differ materially from those described in any forward-looking statements. Additional information on potential factors that could affect the company's financial results is included in the reports filed by the company with the SEC, including the reports on Form 10-KSB or 10-QSB.

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