Synergx Systems Inc. (Nasdaq Small Cap-SYNX) Announces 560% Increase in Earnings and 30% Increase in Revenues for Third Quarter SYOSSET, N.Y., Aug. 4 /PRNewswire-FirstCall/ -- Synergx Systems Inc. reported the following results for its third quarter and nine-month period ended June 30, 2004 and 2003: THREE MONTHS NINE MONTHS -------------- ----------- 2004 2003 2004 2003 ---- ---- ---- ---- Revenues $ 6,081,000 $ 4,658,000 $15,673,000 $14,084,000 Income Before Equity Investment and Taxes 524,000 76,000 444,000 250,000 (Loss) from Equity Investment (20,000) (52,000) Income Before Taxes 504,000 76,000 392,000 250,000 Net Income 302,000 42,000 234,000 126,000 Diluted Earnings per Share $ .06 $ .01 $ .05 $ .03 Weighted Average Common and Potential Dilutive Common Shares Outstanding 5,116,631 4,519,456 5,064,697 4,284,851 The increase in revenues during the current three and nine month periods of 2004 was due to improved revenues in both the Company's principal New York City market area and its Dallas, Texas market (which improved significantly from 2003 levels). These periods benefitted from the release of New York City Transit projects as a result of approvals for production and shipment and from aggressive pricing in the Dallas market that resulted in record shipments. The Company has added additional management and sales staff to support product expansion, particularly security products and systems both for the Company's existing building base as well as a wide variety of commercial, governmental and transit facilities. Management noted that at June 30, 2004 the Company had an order position of $15.1 million compared to $14.8 million at the end of June 2003 which reflects new orders for subway complexes in New York City and recently secured orders in our Dallas, Texas market area. The Company also reports that its investee Secure 724 is proceeding with the UL certification process and developing a GSM/GPRS version for communication with any standard monitoring station as well as all the functionality of the 724 Interactive. 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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