FOR IMMEDIATE RELEASE
August 8, 2003

Micronetics Announces the Passing of Richard S. Kalin
Hudson, NH -- (BUSINESS WIRE) -- August 8, 2003 -- Micronetics, Inc. (NASDAQ/NOIZ) is saddened to announce that its President and Chief Executive Officer, Richard S. Kalin, was killed in a car accident last night. Micronetics' Board of Directors has appointed David Robbins as its interim Chief Executive Officer and a director. No other details are known at this time.

Micronetics, operating through its Defense Electronics, Test Solutions and VCO Products Groups, manufactures microwave and radio frequency (RF) components and integrated subassemblies used in a variety of defense, aerospace and commercial applications. Micronetics also manufactures and designs test equipment and components that test the strength, durability and integrity of communication signals in communications equipment. Micronetics serves a diverse customer base, including Aerosat, BAE Systems, Boeing, EADS, Honeywell, ITT, L-3 Communications, Lockheed Martin, NEC, Northrop Grumman, Raytheon, Teradyne, Tektronix and Thales. Micronetics, with facilities in CT, MA, NH and NJ, also operates through its wholly-owned subsidiaries, Enon Microwave, Inc., Microwave & Video Systems, Inc. and Microwave Concepts, Inc.

 

Contact
Jenifer Land, Esq.
Kalin & Associates, P.C.
(212) 239-8900 x23