NJBIZ Honors New Jersey’s Top Fifty Fastest Growing Companies - Dynasil Corporation of America Announces 29th Place Ranking

NJBIZ, New Jersey’s leading statewide business newspaper, announced and honored the top fifty businesses that have made significant contributions to the growth, strength and success of New Jersey during the New Jersey’s Fifty Fastest Growing Companies award ceremony held at The Palace in Somerset Park on Monday, November 16, 2009. Dynasil Corporation of America (OTCBB: DYSL) is proud to announce its rank of number 29 on this year’s list.

Dynasil CEO Craig Dunham stated, “This award is a tribute to the hard work and diligence of all our employees, managers, and directors. Our world-class research provides solutions to the homeland security, medical, industrial, and defense sectors. By striving to do our best for our employees, our customers, and our shareholders, we generate the growth that enables us to be considered for such prestigious awards. We are fortunate to have achieved these results during a turbulent period in our economy. We remain excited about Dynasil's prospects for the future and very much appreciate this wonderful recognition.”

In order to be eligible for nomination, companies needed to show revenue of at least $500,000 in each of the fiscal years ending 2005, 2006, 2007 and 2008 and show revenue growth in 2008, as compared to 2005 (a four year period). Eligible companies were to be for-profit entities headquartered in New Jersey.

Presenting sponsor, Rothstein Kass, calculated the nominations and then ranked the companies according to revenue growth over the four-year period of 2005-2008. Both dollar and percentage increases were taken into consideration. This ranking formula led to recognition of the 2009 New Jersey’s Fifty Fastest Growing Companies consisting of both large and small companies.

In addition to the awards ceremony on November 16, 2009 the Top Fifty Fastest Growing Companies are profiled in a special supplement to the November 23, 2009 issue of NJBIZ. The complete list of honorees is published in ranked order, along with information on each company’s financial growth.

The New Jersey’s Finest Fifty Fastest Growing Companies event is a program of NJBIZ and is presented by Rothstein Kass. Major sponsors of this event are Lowenstein Sandler PC, PNC Bank, Extensis and CIGNA.

About Dynasil

Dynasil is a rapidly growing manufacturer of specialized instruments and products for a broad range of applications markets in the homeland security/defense, medical and general industrial sectors. In addition, the Company is engaged in a significant amount of contract research for the government and private industry. Dynasil and its subsidiaries have operations in New Jersey, New York and Massachusetts.

This news release may contain forward-looking statements usually containing the words “believe,” “expect,” “plan,” “target,” “intend” or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act. Future results of operations projections, and expectations, which may relate to this release, involve certain risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, the factors detailed in the Company’s Annual Report or Form 10-KSB and in the Company’s other Securities and Exchange Commission filings, continuation of existing market conditions and demand for our products.

Dynasil Corp of America (CE) (USOTC:DYSL)
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