Scientific Industries Reports 30% Increase in Fiscal 2005 Six Month Net Income


BOHEMIA, N.Y., Feb. 14, 2005 (PRIMEZONE) -- Scientific Industries, Inc. (OTCBB:SCND) reported today for the six months ended December 31, 2004, unaudited net income of $119,400, a $28,700 (31.6%) increase over $90,700 for the same period last year. Unaudited earnings per share increased to $.12 per basic share ($.11 per diluted share), compared to $.09 per share (basic and diluted) for the same period last year. The increase was primarily due to lower selling and research and development expenses.

Mainly due to lower foreign sales in the first quarter of the year and production interruptions during the second quarter caused by supplier related problems which were subsequently remedied, net sales for the six months ended December 31, 2004 were $1,696,900, (2.7%) lower than $1,743,600 for the comparable period last year. Approximately $270,000 in order backlog resulting mostly from the supplier problems has already been shipped during the current fiscal quarter.

Earnings per share for both the three month periods ended December 31, 2004 and December 31, 2003, were $.06 per share on net income of $60,800 for this year's quarter, as compared to $60,700 for last year's quarter. Principally as a result of the production interruptions mentioned above, net sales for the three months ended December 31, 2004 decreased 2.8% to $845,100 from $869,700 for the three months ended December 31, 2003.

About Scientific Industries

Scientific Industries manufactures and markets laboratory equipment, including the world-renowned Vortex-Genie(R) 2 Mixer. Scientific's products are used by research laboratories, clinics, pharmaceutical manufacturers, medical device manufacturers, and other industries.

"Statements made in this press release that relate to future events, performance or financial results of the Company are forward-looking statements which involve uncertainties that could cause actual events, performance or results to materially differ. The Company undertakes no obligation to update any of these statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as to the date hereof. Accordingly, any forward-looking statement should be read in conjunction with the additional information about risks and uncertainties set forth in the Company's Securities and Exchange Commission reports, including our annual report on Form 10-KSB."


              SCIENTIFIC INDUSTRIES, INC. AND SUBSIDIARY
            UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEET

                                                December 31, 2004
                                                -----------------
                    ASSETS
 Current Assets                                      $2,382,300
 Property and Equipment, Net                            152,200
 Deferred Taxes                                           8,800
 Other and Intangible Assets                             77,000
                                                     ----------
   Total Assets                                      $2,620,300
                                                     ==========

      LIABILITIES AND SHAREHOLDERS' EQUITY
 Current Liabilities                                 $  329,600
 Deferred Compensation                                   39,200
 Shareholders' Equity                                 2,251,500
                                                     ----------
   Total Shareholders' Equity & Liabilities          $2,620,300
                                                     ==========

                      SCIENTIFIC INDUSTRIES, INC.
         UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME

                       For the Three Month       For the Six Month
                          Periods Ended            Periods Ended
                          December  31,            December 31,
                     ----------------------   -----------------------
                        2004        2003         2004         2003
                     ---------   ----------   ----------   ----------
 Net Sales             845,100   $  869,700   $1,696,900   $1,743,600
                     ---------   ----------   ----------   ----------
 Gross Profit          408,600      401,500      805,900      810,500
                     ---------   ----------   ----------   ----------
 Operating Expenses    337,700      325,300      665,000      691,900
                     ---------   ----------   ----------   ----------
 Income from
  Operations            70,900       76,200      140,900      118,600

 Interest and Other
  Income                 7,900        4,500       14,500        7,100
                     ---------   ----------   ----------   ----------
 Income Before Income
  Taxes                 78,800       80,700      155,400      125,700

 Income Taxes           18,000       20,000       36,000       35,000
                     ---------   ----------   ----------   ----------
 Net Income             60,800   $   60,700   $  119,400   $   90,700
                     =========   ==========   ==========   ==========
 Basic earnings per
  common share:            .06   $      .06   $      .12   $      .09

 Diluted earnings per
  common share:            .06   $      .06   $      .11   $      .09

 Cash dividends
  declared per share:       --   $       --   $      .07   $       --
 Weighted average
  number of
  outstanding shares:
    Basic              976,736      960,541      976,139      960,541
    Diluted          1,053,272    1,005,820    1,048,975      997,660


            

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