Dynasil Corp of America · 8-K · For 12/18/07 · EX-99

Filed On 12/26/07 9:45am ET   ·   SEC File 0-27503   ·   Accession Number 1260415-7-48

Current Report   ·   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Dynasil Corporation of America Form 8-K                2      8K 
 2: EX-99       Press Release                                          2±     8K 

EX-99   ·   Press Release

Sponsored Ads...

Contact:  
  Craig Dunham
                    Dynasil Corporation of America
           Phone: (856) 767-4600
                 Email:  cdunham@Dynasil.com

Dynasil Announces Agreement to Buy                                    
Advanced Instrumentation Company                                    

WEST BERLIN, N.J.   December 20, 2007    Dynasil                                
Corporation of America (OTCBB: DYSL.OB),  a photonics                           
company headquartered in New Jersey, announced today that                       
it has entered into a Letter of Intent to acquire a privately-                  
owned advanced instrumentation company.  Terms of the                           
agreement were not disclosed.  Dynasil Chairman, James                          
Saltzman states:  "This acquisition, if completed, should more                  
than triple the size of Dynasil. Including this transaction, we                 
should have a compound annual growth rate exceeding 100%                        
since implementing our growth strategy three years ago."                        

Dynasil is currently an $11 million manufacturer of photonics                   
products including optical materials, components, coatings                      
and specialized sub-systems.  It has business units in New                      
Jersey, Massachusetts and Upstate New York that                                 
manufacture optical components and subassemblies for a                          
broad range of markets including display systems, optical                       
instruments, satellite communications and lighting.  "We are                    
excited about this opportunity," remarked CEO and President,                    
Craig T. Dunham, "It represents the addition of significant,                    
new capability sets to Dynasil and greatly expands our                          
portfolio of medical and general instrumentation."                              

The company to be acquired has developed and manufactured                       
instruments with high growth potential, which are sold into                     
the medical, environmental sensing and quality assurance                        
markets.  It also has a significant research and development                    
team performing a number of government contracts for the                        
Department of Homeland Security and other major federal                         
agencies.  "With its advanced research capabilities, we expect                  
that this R&D facility will enable us to obtain both Small                      
Business Innovative Research (SBIR) and non-SBIR                                
government funding to offset some of the cost of developing                     
new, high technology products," Craig Dunham explained.                         
"The acquisition would be transformational for Dynasil in                       
that it would move us from a predominantly component-based                      
supply company to an instrumentation company with a                             
considerable IP portfolio, extensive technology capability and                  
significantly increased cash flow."                                             

The Letter of Intent plans a Spring 2008 closing. Among                         
other things, the transaction is contingent on negotiation and                  
execution of definitive agreements, successful due diligence                    
and obtaining necessary financing.  It also calls for                           
employment of the current principals to assist with a smooth                    
transition to Dynasil ownership.                                                

Dynasil has acquired two other companies during the last                        
three years and has delivered significant performance                           
improvements at all three of its business units.  Descriptions                  
of Dynasil's strategy and performance are contained in its 10-                  
KSB annual report which was released on December 20, 2007                       
and is available for viewing at www.Dynasil.com.                                

About Dynasil: Founded in 1960, Dynasil is a manufacturer                       
of photonic products including optical materials, components,                   
coatings and specialized sub-systems.                                           

This news release may contain forward-looking statements                        
usually containing the words "believe," "expect," or similar                    
expressions.  These statements are made pursuant to the safe                    
harbor provisions of the Private Securities Litigation Reform                   
Act.  Future results of operations, projections, and                            
expectations, which may relate to this release, involve certain                 
risks and uncertainties that could cause actual results to differ               
materially from the forward-looking statements.  Factors that                   
would cause or contribute to such differences include, but are                  
not limited to, the factors detailed in the Company's Annual                    
Report or Form 10-KSB and in the Company's other                                
Securities and Exchange Commission filings, continuation of                     
existing market conditions and demand for our products.                         

Dates Referenced Herein   and   Documents Incorporated By Reference

This 8-K Filing		Date		Other Filings
For The Period Ended		12/18/07
		12/20/07		10KSB, 4
Filed On / Filed As Of		12/26/07
Top				List All Filings