FOR IMMEDIATE RELEASE
November 11, 2003

Micronetics Authorizes Repurchase Of Shares
Hudson, NH, November 11, 2003 - Micronetics, Inc. (NASDAQ/NOIZ) announced today that its Board of Directors has authorized the repurchase of 320,000 restricted shares (or approximately 7%) of its outstanding common stock from Noelle Kalin, wife of Richard S. Kalin, the Company's late Chairman, CEO and President, in a private transaction. The total value of the repurchase is $1.2 million, or $3.75 per share, representing a 49% discount to the closing market price of Micronetics Common Stock on November 7, 2003. In addition, Mrs. Kalin as personal representative of Mr. Kalin's Estate has agreed to terminate the Employment Agreement between the Company and Mr. Kalin.

David Robbins, President and CEO, commented, "We believe that this transaction will be beneficial to the Company and its shareholders. It gives us a unique opportunity to repurchase a block of shares at a substantial discount to the current market price. By reducing the number of shares outstanding, there will be an immediate increase in earnings per share. Following the transaction, the Company will continue to have adequate cash reserves."

Repurchased common shares will be added to the Company's treasury shares and may be used to meet common stock requirements of the Company's stock option plan and other corporate purposes.

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.

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, 2003.

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