Torrance, CA May 18, 2004   News Release Index  EYE DYNAMICS REPORTS PROFITS FOR SIXTH CONSECUTIVE QUARTER Eye Dynamics, Inc. ( EYDY, Trade) May 18, 2004 09:00:00 (ET) TORRANCE, Calif., May 18, 2004 (BUSINESS WIRE) -- Eye Dynamics, Inc. (EYDY, Trade) is pleased to report that the first quarter of 2004 was profitable and is the sixth consecutive quarter that the company has achieved profitability. Although after tax profit of $141,000 for the quarter is slightly less than the same quarter in 2003, earnings per share of $0.01 is the same as the first quarter of 2003. Recently, Medicare started scrutinizing reimbursements for ENG tests. Many potential buyers have delayed their purchases until the situation regarding reimbursements from Medicare is clarified. Thus, total revenues for the first quarter are down 7% compared to the same period of 2003. Percent of profit on revenues was 23% with a gross profit of 51% being attained. For 2004, the strategic plan to expand the base of the medical markets for Eye Dynamics products, based on the exclusive marketing and manufacturing agreement recently signed with MedTrak Technologies, is proceeding on schedule. About Eye Dynamics, Inc. Eye Dynamics is in the business of producing and marketing patented proprietary products and other services for the institutional, medical and government markets. The company is a leader in the Video ENG medical product market, having invented the Video ENG system and brought it to market in 1994. SafetyScope, the company’s latest product, is designed for the ‘fitness-for-duty’ screening of workers. SafetyScope is simple to use, takes only 90 seconds and does not require any bodily fluids like urine-based drug testing. It is based on the manual methods of evaluating eye responses of an individual to detect neurological signs of impairment used by law enforcement throughout the United States. To find out more about Eye Dynamics, Inc. (EYDY, Trade), visit our web site at www.EYEDYNAMICS.com. Safe Harbor for Forward Looking Statements This news release includes forward-looking statements that are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. Whereas management believes such representations to be true and accurate based on information and data available to the company at this time, actual results may differ materially from those described. The company's operations and business prospects are always subject to risk and uncertainties. Important factors that may cause actual results to differ are set forth in the company's periodic filings with the U.S. Securities and Exchange Commission. SOURCE: Eye Dynamics, Inc.