Synergx Systems Inc. (Nasdaq Small Cap- SYNX) Announces 49% Increase in Net Income as it Releases Fourth Quarter and Twelve Month Results SYOSSET, N.Y., Dec. 16 /PRNewswire-FirstCall/ -- Synergx Systems Inc. reported the following for its fourth quarter and twelve month period ended September 30, 2004 and 2003: THREE MONTHS TWELVE MONTHS 2004 2003 2004 2003 Revenues $6,117,000 $5,730,000 $21,790,000 $19,814,000 Income Before Equity Investment and Taxes 335,000 296,000 780,000 547,000 (Loss) from Equity Investment (35,000) (52,000) (35,000) Income Before Taxes 335,000 261,000 728,000 512,000 Net Income 185,000 156,000 420,000 282,000 Basic Earnings per Share $.04 $.04 $.09 $.07 Diluted Earnings per Share $.04 $.03 $.09 $.06 Weighted Average Common and Potential Dilutive Common Shares Equivalents Outstanding* 5,191,720 5,033,033 4,912,203 4,433,735 * The weighted share calculation for the twelve months in 2004 is affected by a net loss during the first quarter. During the fiscal year and quarter ended September 30, 2004 revenues and income before tax increased significantly over the comparable 2003 periods. The increase in revenues during 2004 resulted from a strong improvement in our Dallas, Texas market, improved product revenues from New York City Transit projects, and higher sales of transit communication systems. Income was positively impacted by the higher revenues and related gross margins due to the relative fixed nature of certain overhead costs. In a continuing competitive environment, Management's focus in 2005 will be to manage costs and extend its marketing programs to take advantage of product development and existing channels of distribution while broadening geographic penetration. Management commented that the Company intends to continue evaluating acquisitions and/or investments and explore opportunities relating to its 25% investment and license relationship with Secure 724 L.P. including applications of a wireless feature to augment existing products for commercial facilities and on-board transit communication. Synergx is engaged in the design, manufacture, marketing and service of a variety of data communication products and systems with applications in the fire alarm, life safety, security and communication industries. "Safe Harbor" statement under the Private Securities Reform Act of 1995: This release contains forward-looking statements, which reflect management's current views of future events and operations. These forward-looking statements are based on assumptions and external factors, including assumptions relating to product pricing, competitive market conditions, financial data, and other risks or uncertainties detailed from time to time in the Company's filings with the Securities and Exchange Commission. These forward-looking statements represent the Company's judgment as of the date of this release and any changes in the assumptions of external factors could produce significantly different results. DATASOURCE: Synergx Systems Inc. CONTACT: John Poserina, Chief Financial Officer of Synergx Systems Inc., +1-516-433-4700

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