FOR IMMEDIATE RELEASE
November 10, 1997

MICRONETICS ANNOUNCES RECORD REVENUES
Hudson, NH -- Micronetics Wireless, Inc. (Nasdaq-NOIZ), a manufacturer of RF components and test equipment for wireless communication systems, today announced record financial results for its first half ended September 30, 1997.

Net sales were $2,212,131 for the first half of fiscal 1998 as compared to $1,784,049 in the first half of fiscal 1997, an increase of $417,383 or 23.9%. Net income for the six months was 206,898, or $.06 per share, as compared with $278,668, or $.09 per share, in the same period a year ago. Net sales were $1,201,432 in 2Q98 as compared to $935,202 in 2Q97, an increase of $266,230 or 28.4%. Net income for 2Q98 was $124,970 or $.04 per share, as compared to $206,596, or $.06 per share, in 2Q97. Net income for the three and six month periods of fiscal 1997 included an extraordinary item gain of $98,566, or $.03 per share, as a result of an insurance settlement.

Richard S. Kalin, President, stated "Our instrument sales are up over 100% from a year ago. We are anticipating a continuation of this trend for the next 12 months and hope to announce record results this year."

Based in Hudson, NH, Micronetics Wireless designs Signal Impairment Systems, control components and VCOS used for testing and building communication systems, such as cellular, satellite, PCS, and wireless local loop systems. More information can be obtained by accessing our website at MWIRELESS.COM.

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 lenders.

Income Statement Data


Three Months Ended September 30,
($000s omitted except per share amounts)

					 1997	       1996
Net Sales				1,201		935
Income before extra-ordinary item	  125		108
Extraordinary item			   -		 99
Net income				  125		207
Earnings per share:					   
   Before extraordinary item		 $.04		.03
   Extraordinary item			   -		.03
   Net income				 $.04		.06
Wgt. avg. shares outstanding		3,371	      3,269


Six Months Ended September 30,

					 1997	       1996
Net Sales				2,212	      1,784
Income before extra-ordinary item	  207		180
Extraordinary item			   -		 99
Net income				  207		279
Earnings per share:					   
   Before extraordinary item		 $.06		.06
   Extraordinary item			   -		.03
   Net income				 $.06		.09
Wgt. avg. shares outstanding		3,371	      3,269


Balance Sheet Data

		         	      9/30/97       3/31/97
Working Capital				2,212	      1,784
Total Assets				  207		180
Non-current liabilities			   -		 99
Shareholders' equity			  207		279