SYOSSET, N.Y., Dec. 20 /PRNewswire-FirstCall/ -- Synergx Systems Inc. reported the following results for its fourth quarter and twelve month period ended September 30, 2005 and 2004: THREE MONTHS TWELVE MONTHS 2005 2004 2005 2004 Revenues $ 6,259,000 $6,117,000 $20,787,000 21,790,000 Income Before Equity Investment and Taxes 338,000 335,000 316,000 780,000 (Loss) from Equity Investment (21,000) (76,000) (52,000) Income Before Taxes 317,000 335,000 240,000 728,000 Net Income 190,000 185,000 130,000 420,000 Diluted Earnings per Share $.04 $.04 $.03 $.09 Weighted Average Common and Potential Dilutive Common Shares Outstanding 5,206,696 5,191,720 5,193,276 4,912,203 The decrease in revenues during the twelve month period of 2005 was primarily from slow economic activity in the Company's Dallas, Texas market. The improvement in revenues during the three month period of 2005 was achieved in both the Dallas and New York City market areas. The Company has put into effect certain cost reduction initiatives with a view towards marketing aggressively in both the Dallas, Texas and New York City metropolitan area. The profit decline during the twelve months ended September 30, 2005 is primarily due to lower product sales from the Dallas, Texas market area, although income was approximately the same for the three month periods of 2005 and 2004. In November the Company effected personnel reductions, which should result in substantial annualized savings going forward. Management noted the Company continues to hire, and search for additional sales representatives in order to maintain and increase revenues while also pursuing new products and channels of distribution and evaluating acquisitions to accelerate growth. For the three and twelve month periods of 2005 the Company also recorded a loss of $21,000 and $76,000, respectively, on its equity in the operating loss of Secure 724 LP. 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. For further information about Synergx please go to our website at http://www.synergxsystems.com/ "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 Web site: http://www.synergxsystems.com/

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