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| October
21, 2003 at 6:00 AM Pacific Time
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News Release Index
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Eye Dynamics Has 5th Consecutive Quarter of
Triple Digit Sales
Increases |
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Eye Dynamics, Inc.
(
EYDY,
Trade) Eye Dynamics (OTCBB: EYDY),
today announced that it had achieved a 211%
increase in sales for its 3rd quarter of
2003, compared to the same period a year
ago. Sales increased to $1,101,000 compared
to $520,000 for the same quarter in 2002.
Also, gross profit for both periods
remained steady at 53%.
This is the 5th consecutive quarter that
sales and profits have risen at a record
pace compared to the same quarters of the
prior year.
The increase is largely due to success of
the company’s private label (MEDTRAK)
program for Video ENG Systems, which
accounted for 52% of Eye Dynamics’
revenue for the quarter. Eye Dynamics label
ENG products sales also increased
substantially in the quarter and for the
year to date. Overall market for
traditional ENG is still rather flat, but
new markets for the company’s
products are where the future growth
opportunities exist. Success of increased
sales comes from new markets for the ENG
products, such as, mobile diagnostic
services and specialty services for ENG
equipment like MEDTRAK's balance and fall
prevention program.
“Eye Dynamics is fast becoming the
premiere company related to the observation
and analysis of eye responses associated
with a variety of medical conditions. Our
core technology and expertise is finding an
ever increasing customer base as evidenced
by the highly significant 5th straight
quarter of triple digit sales
increases.” said Charles Phillips,
President of Eye Dynamics. “Our goal
remains the maximization of our upside
potential by opening new markets for our
core technology and enhancing our product
line to serve the needs of our customers.
The result should be a continuing increase
in company value for our shareholders. I am
very pleased that our shareholders have
realized an increase of over 300% in share
price since the beginning of
2003.”
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.
(OTC:EYDY), 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.
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