FOR IMMEDIATE RELEASE
June 19, 2000

Micronetics Reports Record FY2000 Sales and Earnings
Hudson, NH -- June 19, 2000. Micronetics Wireless, Inc. (Nasdaq/NOIZ) today reported results for its fiscal year ended March 31, 2000 (AFY2000").

For FY2000, the Company had revenues of $6,205,513, as compared to revenues of $4,547,087 for FY99, an increase of 36.5%. For FY2000, the Company had net income of $738,391, or $.19 per share basic and $.18 per share diluted, as compared to net income for the prior fiscal year of $276,171, or $.08 per share basic and diluted, an increase of 167%. The weighted average shares outstanding for FY2000 were 3,821,352 basic and 4,201,343 diluted, and for FY99 they were 3,577,293, basic and diluted.

Richard S. Kalin, President & CEO, stated AWe are pleased to report record revenues and earnings for FY2000. Each of our three groups are operating at increased levels over last year. Several customers have recently contacted us to increase production. We are moving our VCO Products Group into a new facility because of expanded need for space and people. Several important new hires are integrating well into our culture. If this level of activity continues, the current fiscal year should result in record revenues and net income.@

Headquartered in Hudson, NH, Micronetics= manufactures and designs innovative test equipment and 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, some of which are patented, are used in or to 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, Airspan, Alcatel, Cisco, Comsat, Daimler Benz Aerospace, Datron, Ericsson, Hughes, L-3 Communications, Lockheed Martin, Lucent Technologies, Metricom, Motorola, NEC, Newbridge Networks, 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)

 			     Year Ended March 31,
 	  			  2000      1999  

Net sales			$6,206	  $4,547
Net income			   738       276
Net income per share:			               
 Basic				$  .19    $  .08
 Diluted			   .18       .08
Wgt. avg. shares outstanding:       
 Basic				 3,821      3,577
 Diluted			 4,201      3,577


BALANCE SHEET DATA
 			      March 31,
				  2000        1999  

Working capital			$4,078	    $3,364
Total assets			 6,873       6,041
Non-current liabilities		   703         916
Shareholders= equity		 5,427       4,424