10/19/2004  Letter of Intent to Acquire Optometrics LLC

Dynasil Announces Letter of Intent to Acquire Optometrics LLC Tuesday, October 19, 2004 09:00 AM Eastern Time WEST BERLIN, N.J.--(BUSINESS WIRE)--Oct. 19, 2004--Dynasil Corporation of America (OTCBB: DYSL), fabricator of optical blanks from synthetic fused silica, fused quartz, and other optical materials for the semi-conductor, laser, space and optical components industries is pleased to announce that it has signed a Letter of Intent to acquire Optometrics LLC of Ayer, Massachusetts. Optometrics LLC is a worldwide supplier of high quality optical components including diffraction gratings, lenses, thin film filters, laser optics, monochromators, and specialized optical systems and software. The transaction is targeted to close by December 20, 2004 and is contingent upon completion of due diligence and other conditions. Under the terms of the Letter of Intent, the current Optometrics owners, Ms. Laura Lunardo and Mr. Frank Denton will continue to actively lead the Optometrics business as well as Ms. Lunardo becoming Dynasil's CFO. The acquisition of Optometrics LLC is expected to double Dynasil revenues in addition to contributing significant net income and cash flow. Dynasil has been a long-term supplier to Optometrics and glass is a key raw material for Optometrics products. Mr. Craig Dunham, Dynasil President and CEO, had the following comments on the Letter of Intent: "I believe that Optometics LLC will be an excellent addition to Dynasil with Optometrics' track record of profitable growth, strong people, and optical customers/ markets that fit well with Dynasil. Optometrics and Dynasil have some complementary strengths that are expected to lead to increased profitability for both companies. We hold Laura Lunardo, Frank Denton, and the other Optometrics people in high esteem and are delighted to pursue this opportunity for them to join the Dynasil team." About Dynasil: Founded in 1960, Dynasil Corporation of America is a fabricator of optical blanks from synthetic fused silica, fused quartz and other optical materials. For over four decades, Dynasil has provided high quality synthetic fused silica and fused quartz products to customers for a wide and ever increasing range of applications. 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. CONTACT: Dynasil Corporation of America Craig Dunham, 856-767-4600 Email: cdunham@Dynasil.com