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Updated: July 8th, 2008 05:26 PM CDT

PPGI Reports Record Revenues and New Orders, Profitable Third Quarter

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PR Newswire
via NewsEdge Corporation

Photonic Products Group, Inc. develops, manufactures, and markets products and services for use in diverse Photonics industry sectors via its expanding portfolio of distinctly branded businesses. INRAD specializes in crystal-based optical components and devices, laser accessories and instruments. Laser Optics specializes in precision custom optical components, assemblies, and optical coatings. MRC Optics' business specializes in precision diamond turned optics, metal optics, and opto-mechanical and electro-optical assemblies. PPGI's customers include leading corporations in the Defense and Aerospace, Laser Systems, and Process Control and Metrology sectors of the Photonics Industry, as well as the U.S. Government. Its products are also used by researchers at National Laboratories and Universities world-wide.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The 2005 preliminary financial information contained in this news release is subject to finalization in connection with the preparation of the Company's Form 10Q for the quarter ended September 30, 2005. The statements contained in this press release that are not purely historical are forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. These statements may be identified by their use of forward-looking terminology such as "believes", "expects", "will", "plan", "targeting" or similar words. Such forward-looking statements, such as our expectation, or targeting, for continued growth in sales, new orders, improved gross profit margins, income and cash flow from operations, a profitable fourth quarter in 2005 and a profitable year in 2006, involve risks and uncertainties that could cause actual results to differ materially from those projected. Risks and uncertainties that could cause actual results to differ materially from such forward looking statements are, but are not limited to, uncertainties in market demand for the Company's products or the products of its customers, future actions by competitors, inability to deliver product on time, inability to implement its growth strategies or to integrate its new operations, inability to realize synergies from its acquisitions, inability to raise capital, and other factors discussed from time to time in the Company's filings with the Securities and Exchange Commission. The forward looking statements made in this news release are made as of the date hereof and Photonic Products Group, Inc. does not assume any obligation to update publicly any forward looking statement.

SOURCE Photonic Products Group, Inc.

CONTACT: Daniel Lehrfeld, President and CEO of Photonic Products Group, +1-201-767-1910, diehrfeld@ppgrpinc.com

<<PR Newswire -- 11/16/05>>


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