Scientific Industries Reports Strong Earnings Growth for the Third Quarter and Nine Months


BOHEMIA, N.Y., May 16, 2005 (PRIMEZONE) -- Scientific Industries, Inc. (OTCBB:SCND) reported today continued growth in its net income. Significantly higher net income was recorded for both the three and nine month periods ended March 31, 2005 compared with the corresponding periods of last year.

Third quarter net income improved 95% to $94,700 ($.10 per basic share) from $48,600 ($.05 per basic share) a year ago. Net income for the nine months ended March 31, 2005 increased 54% to $214,100 ($.22 per basic share) compared to $139,300 ($.14 per basic share) for the same period last year. The increases for the three and nine month periods primarily were due to higher sales and higher gross profit margins.

Net sales increased by $139,400 (16.3%) to $996,300 for the thee months and by 3.6% to $2,693,200 for the nine months ended March 31, 2005 compared with the same periods in the prior year. The increase for the third quarter principally was due to the fulfillment of the high order backlog at the end of the second quarter attributable to a temporary supplier problem. The increase for the nine month period principally was due to increased sales of new products and accessories.

President and Chief Executive Officer Helena Santos said, "The Company's sales growth combined with the results of its cost containment initiatives produced solid profitability."

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

                        ASSETS
                                   March 31, 2005
                                   --------------

 Current Assets                        $2,451,800
 Property and Equipment, Net              150,600
 Other and Intangible Assets               57,100
                                        ---------
  Total Assets                         $2,659,500
                                        =========

            LIABILITIES AND SHAREHOLDERS' EQUITY

 Current Liabilities                   $  279,800
 Deferred Compensation                     18,900
 Deferred Taxes                            13,000
 Shareholders' Equity                   2,347,800
                                        ---------
  Total Shareholders'
   Equity & Liabilities                $2,659,500
                                        =========

                   SCIENTIFIC INDUSTRIES, INC.
      UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME

                       For the Three Month       For the Nine Month
                       Periods Ended             Periods Ended
                       March 31,                 March 31,
                       -------------------       ------------------
                         2005        2004         2005        2004
                         ----        ----         ----        ----

 Net Sales           $  996,300  $  856,900   $2,693,200  $2,600,500
                      ---------   ---------    ---------   ---------

 Gross Profit           517,600     401,800    1,323,500   1,220,600
                      ---------   ---------    ---------   ---------

 Operating Expenses     360,700     333,800    1,025,700   1,034,000
                      ---------   ---------    ---------   ---------

 Income from
  Operations            156,900      68,000      297,800     186,600

 Interest and Other
  Income, Net             1,600       5,600       16,100      12,700
                      ---------   ---------    ---------   ---------
 Income  Before
  Income Taxes          158,500      73,600      313,900     199,300

 Income Taxes            63,800      25,000       99,800      60,000
                      ---------   ---------    ---------   ---------

 Net Income          $   94,700  $   48,600   $  214,100  $  139,300
                      =========   =========    =========   =========

 Basic earnings per
  common share:      $      .10  $      .05   $      .22  $      .14

 Diluted earnings
  per common share:  $      .09  $      .05   $      .20  $      .14

 Cash dividends
  declared per
  share:             $        -  $      .05   $      .07  $      .05
 Weighted average
  number of
  outstanding
  shares:

  Basic                 979,640     964,398      977,278     961,817
  Diluted             1,054,612   1,037,074    1,050,825   1,010,788

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