FOR IMMEDIATE RELEASE
November 4, 1999

Micronetics' Reports 29% Increase In Revenues And 19% Increase In Profits In Second Quarter
Hudson, NH - November 4, 1999. Micronetics Wireless, Inc. (NASDAQ:NOIZ) announced financial results for the first half and second quarter of its fiscal year ending March 31, 2000 (FY2000).

Net sales in the first half of FY2000 increased to $2,829,531 from $2,202,734 in the first half of FY99, an increase of $626,797 or 28.5%. Net income for the first half of FY2000 increased to $254,513, or $.07 per share, as compared with $227,986, or $.07 per share, in the same period a year ago. This is an increase of $26,527 or 11.6%. This is based on a 10% increase in the weighted average number of shares outstanding of 3,744,000 during the first half of FY2000 as compared to 3,404,000 during the first half of FY99. The Company repurchased 50,550 shares of Common Stock during the first half of FY2000 pursuant to its stock buy-back program.

Net sales for Q2 of FY2000 increased to $1,486,615 from $1,149,059 for Q2 of FY99, an increase of $337,556 or over 29%. Net income for Q2 of FY2000 increased to $154,572, or $.04 per share, as compared to $130,146, or $.04 per share, in the same quarter a year ago. This is an increase of $24,426 or 18.8%. This is based on a 10% increase in the weighted average number of shares outstanding of 3,744,000 during Q2 of FY2000 as compared to 3,404,000 during Q2 of FY99.

Richard Kalin, President, stated "The growth during the first half of FY2000 is a reflection of the impact of our recent acquisitions of Microwave & Video Systems, Inc. and Vectronics Microwave Corporation. Based on current visibility, we anticipate the rate of growth will increase for the balance of FY2000. During the first half, we made significant investments in growing our business from which we expect to see significant growth during future periods. These investments were in improvements to our marketing efforts and increasing our engineering resources, allowing us to better anticipate and respond to customer needs."

Based in Hudson, NH, Micronetics designs, manufactures and markets broadband test equipment and components used in the design, testing and manufacturing of cellular, PCS, wireless local loop, home networking and satellite equipment through its Micronetics/Equipment Group, and manufactures microwave components and subassemblies primarily used in radar, electronic counter-intelligence, wireless communications and electronic simulation applications through its Micronetics/Components Group. The Micronetics/Components Group also offers a line of voltage controlled oscillators (VCOs) which are primarily used in commercially available wireless communication products. Micronetics acquired Microwave & Video Systems, Inc. of Danbury, CT, Vectronics Microwave Corporation of Middlesex, NJ and the voltage controlled oscillator product line of Delcom, Inc. of Salem, NH, earlier this year.

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.