NEWS RELEASE


                             For Immediate Release
                         For More Information Contact:
                                 May 14, 2003
                                 Richard Jones
                                (315)-438-4700


                        Microwave Filter Company, Inc.
                          Sales and Profits Decrease


East Syracuse, NY - Net sales decreased $1,097,059 or 52% to $1,013,892 for
the three months ended March 31, 2003 when compared to net sales of $2,110,951
for the three months ended March 31, 2002. For the six months ended March 31,
2003, net sales decreased $1,998,362 or 44.4% to $2,503,049 when compared to
net sales of $4,501,411 for the six months ended March 31, 2002. The decreases
in sales can primarily be attributed to the decrease in the sales of the
Company's standard cable/satellite TV products. Last year, the Company saw an
increase in demand for the Company's filters which suppress strong out-of-band
interference caused by military and civilian radar systems, primarily due to
the increased security measures that were taken as a result of the September
11th terrorist attacks. That demand has decreased resulting in the lower sales
and due to the current economic climate, the Company has not seen an increase
in sales in other product areas.

The Company recorded a net loss of $179,076, or a loss of $.06 per share, for
the three months ended March 31, 2003 compared to net income of $158,781, or
$.05 per share, for the three months ended March 31, 2002.  For the six months
ended March 31, 2003, the Company recorded a net loss of $265,244, or a loss
of $.09 per share, compared to net income of $534,273, or $.18 per share, for
the six months ended March 31, 2002. The decreases in net income can primarily
be attributed to the decreases in sales.

Microwave Filter Company, Inc. manufactures electronic filters for eliminating
interference and signal processing for such markets as Cable Television,
Broadcast, Mobile Communications, Avionics, Radar, Navigation and Defense
Electronics. Its subsidiary, Niagara Scientific, Inc., manufactures industrial
automation equipment.

The Company's stock is traded on the NASDAQ over-the-counter market under the
symbol MFCO.