



|
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| October
28, 2003 at 6:00 AM Pacific Time
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News Release Index
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EYE DYNAMICS' EARNINGS EXCEED
EXPECTATIONS |
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Eye Dynamics, Inc.
(
EYDY,
Trade)
Torrance, CA – October 28, 2003: Eye
Dynamics (OTCBB: EYDY), today announced
that its 3rd quarter and year to date
profits are much higher than anticipated by
company management. The higher earnings are
the result of the 211% increase in revenue
in the 3rd quarter over the same period a
year ago.
"Year to date net profit of $662,000
compares to $78,000 one year ago", said
Charles Phillips, President of Eye
Dynamics. "This profit translates to
earnings per share of $0.03, fully diluted.
Our EPS ratio is very low at about 9, so
there is a great deal of room for share
prices to improve as we continue to
increase revenues and generate profits. I
am both optimistic and enthused about the
future of the company."
Eye Dynamics also disclosed that it has
delivered a "Video/HGN System" to Pacific
University (Forest Grove, OR) for use in
various research projects. They relate to
the development of better methods of
training law enforcement and other security
personnel in techniques for recognizing
whether an individual may be impaired from
drugs or alcohol. The Principal
Investigator for the studies is Dr. Karl
Citek, OD, PhD, FAAO, an Associate
Professor of Optometry at the College of
Optometry with an expertise in eye signs
related to drug/alcohol intoxication.
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 body 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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