FOR IMMEDIATE RELEASE
September 7, 2001

MICRONETICS WIRELESS AUTHORIZES STOCK BUY-BACK
Hudson, NH, September 7, 2001 - Micronetics Wireless, Inc. (NASDAQ/NOIZ) announced today that its Board of Directors has authorized the repurchase of up to 100,000 shares (or approximately 2.5%) of its outstanding common stock. Richard S. Kalin, president and chief executive officer, commented, "Because of the current valuation, we believe that the current stock price does not reflect the long-term opportunity and value of Micronetics."

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.

Headquartered in Hudson, NH, Micronetics manufactures and designs innovative test equipment and test 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 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, Agere, Alcatel, BAE Systems, Bring, Cisco, ComDev, Datron, EADS, Ericsson, Hughes, L-3 Communications, Lockheed Martin, Lucent Technologies, Motorola, NEC, Nokia, Northrop Grumman, Raytheon, Tektronix, Teradyne and Thales.

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, 2001.

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