DION Dionics Inc (CE)

Bernard L. Kravitz, president of Dionics, Inc. (PINKSHEETS: DION), a semiconductor/micro-electronics manufacturer, best known for its high-reliability photo-voltaic (PV) MOSFET-Drivers, announced today the filing of its 2007 quarterly and year-end SEC reports. Earlier filings this year covered SEC delinquencies for 2006 and 2005, under the Company's "catch-up" program. The SEC filing delinquencies had accumulated during a reporting lapse caused by the Company's prolonged "post-9/11" multi-year financial distress. "Things were so bad," explained Kravitz, "that for several years we simply could not afford to pay the auditing fees that were associated with our annual SEC reports." The Company's recently profitable turnaround has now generated the substantial funds needed to cover its multi-year auditing catch-up program. "We have been working toward becoming current again in our SEC reporting obligations well before year-end 2008," continued Kravitz, "and now only a few quarterly reports for this year remain to be done."

In addition to its being the Company's last delinquent full-year SEC report, the 2007 filing is also the first one to report an after-tax Net Profit from Operations since the delinquencies began. "We are very pleased," Kravitz pointed out, "to show full-year 2007 Sales volume reached $1,109,100, with a Net Profit of $119,500, or earnings of $.013 per-share. And it is also worth noting," he added, "that conservative treatment of our year-end Inventory had resulted in a write-down of $73,000, which unfortunately reduced Net Profits by that same amount. Looking into the current year, early indications now show that, in spite of the traditionally slow Third Quarter, and a very costly catch-up auditing program, our full-year 2008 results should still continue on the profitable track we established in 2007," Kravitz explained.

In parallel with its SEC catch-up program, the Company is also pursuing the growth opportunities available to it in the PV-MOSFET-Driver marketplace. "With a one billion unit per year MOSFET marketplace to serve, each one a potential user of our device," Kravitz commented, "it is easy to see why we are focusing there. Our PV-devices have significant reliability advantages and this forms a solid basis for future potential growth," he concluded.

Forward-Looking Statements

Statements contained herein that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the Company's expectations about its future operating results, performance and opportunities that involve substantial risks and uncertainties. When used herein, the words "anticipate," "believe," "estimate," "plan," "intend" and "expect" and similar expressions, as hey relate to Dionics, Inc. or its management, are intended to identify such forward-looking statements. These forward-looking statements are based on information currently available to the Company and are subject to a number of risks, uncertainties and other factors that could cause the Company's actual results, performance, prospects and opportunities to differ materially from those expressed or implied by these forward-looking statements. Certain of those factors are discussed in the Company's filings with the Securities and Exchange Commission. Except as required by the Federal Securities law, the Company does not undertake any obligation to release publicly any revisions to forward-looking statements to reflect events or circumstances after the date hereof or for any other reason.

For more detailed information, please contact: Bernard L. Kravitz President (516) 997-7474