Eye Dynamics Has Record Profits and Sales in 2003.

Business Editors

TORRANCE, Calif.--(BUSINESS WIRE)--Jan. 22, 2004

Eye Dynamics, Inc. (OTCBB:EYDY) completed year 2003 with its best ever sales and profits. Sales increased to $3.25 million, up 77% from the 2002 level of $1.84 million. Also, net profit increased to $856,000 as compared to $151,000 in 2002.

The increase in sales is due to successful marketing of its medical product to an expanding customer base of physicians by including Neurologists, Internal Medicine and Chiropractors to its mature market of ENT/Otologist physicians.

Overall expenses for 2003 decreased 6% from 2002 levels while sales increased 77%. Therefore, expenses, as a percent of revenue, were only 18% in 2003 as opposed to 34% in 2002.

For 2004, expansion into more medical markets is planned as well as closer cooperation with MedTrak Technologies, which accounted for 46% of revenues for the year, as they expand their product and market base.

For six consecutive quarters, sales have increased over the same quarter one year earlier. The goal for 2004 is to continue this string of successful quarterly periods. A continuing goal is to further increase gross profit by reducing product cost by upgrading designs and improved component selection. Eye Dynamics also plans to increase the selling price of select products.

This is the second consecutive year of profitability for Eye Dynamics. Earnings per share are estimated to be $0.05 per share or when fully diluted, $0.04 per share. The final Audited Financial Statement will be completed in February.

About Eye Dynamics, Inc.

Eye Dynamics is in the business of producing and marketing patented proprietary products and other services for the institutional, medical and government markets. The company is a leader in the Video ENG medical product market, having invented the Video ENG system and brought it to market in 1994. SafetyScope, the company's latest product, is designed for the 'fitness-for-duty' screening of workers. SafetyScope is simple to use, takes only 90 seconds and does not require any bodily fluids like urine-based drug testing. It is based on the manual methods of evaluating eye responses of an individual to detect neurological signs of impairment used by law enforcement throughout the United States.

To find out more about Eye Dynamics, Inc. (OTC:EYDY), visit our web site at www.EYEDYNAMICS.COM 

Safe Harbor for Forward Looking Statements

This news release includes forward-looking statements that are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. Whereas management believes such representations to be true and accurate based on information and data available to the company at this time, actual results may differ materially from those described. The company's operations and business prospects are always subject to risk and uncertainties. Important factors that may cause actual results to differ are set forth in the company's periodic filings with the U.S. Securities and Exchange Commission.