FOR IMMEDIATE RELEASE: August 9, 1999

MICRONETICS' Q1 REVENUES GROW 27.5%
Hudson, New Hampshire - August 9, 1999. Micronetics Wireless, Inc. (NASDAQ:NOIZ), a provider of microwave components and subassemblies and noise-based test equipment used in the wireless communications industry and in other electronic applications, today announced financial results for the first quarter of its fiscal year ending March 31, 2000 (FY2000).

Net sales in Q1 of FY2000 increased to $1,342,916 from $1,053,675 in Q1 FY99. Net income increased to $99,941, or $.03 per share, as compared with $97,840, or $.03 per share, in the same quarter a year ago.

Richard S. Kalin, President, stated "The growth this quarter is a reflection of the impact of our recent acquisitions of Microwave & Video Systems, Inc. and Vectronics Microwave Corporation. Both our Micronetics:Components and our Micronetics: Equipment groups are receiving significantly increased orders, with backlog at record levels. If current activities continue, we expect FY2000 to be a record year."

Based in Hudson, NH, Micronetics:Equipment manufactures, designs and markets a range of test equipment and components used to design, test and manufacture equipment for cellular, PCS, wireless local loop and satellite applications. Micronetics:Components manufactures and markets microwave components and subassemblies used in radar and other military or electronic applications.

Statements which are not historical facts, including statements about the Company's confidence and strategies and its expectations about new and existing products, technologies and opportunities, market and industry segment growth, demand and acceptance of new and existing products are forward looking statements that involve risks and uncertainties. These include, but are not limited to, product demand and market acceptance risks; the impact of competitive products and pricing; the results of financing efforts; the loss of any significant customers of any business; the effect of the Company's accounting policies; the effects of economic conditions and trade, legal, social, and economic risks, such as import, licensing, and trade restrictions; the results of the Company's business plan and the impact on the Company of its relationship with its primary lender.

INCOME STATEMENT DATA ($000s omitted except per share data)
	First Quarter Ended June 30,
	1999	1998
Net Sales	$1,342,916	$ 1,053,675
Net income	99,941	97,840
Net income per share:	.03	.03
Wgt. Avg. shares outstanding	3,765,640	3,403,688

BALANCE SHEET DATA

	June 30, 1999	March 31, 1999
Working Capital	$ 3,342,467	$ 3,271,475
Total Assets	6,044,591	6,022,680
Non-current liabilities	876,824	915,831
Shareholders' equity	4,491,987	4,423,911

Contact
David Robbins, President
Micronetics, Inc.
(603) 883-2900 x 317

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