FOR IMMEDIATE RELEASE:

			                News
                                        Nasdaq/NOIZ


Micronetics Completes Acquisition of Microwave
Concepts, Inc.


Hudson, NH -- (Business Wire) -- January 21, 2003 --
Micronetics, Inc. (Nasdaq/NOIZ) announced that it completed
its acquisition of substantially all of the assets of Microwave
Concepts, Inc., of Fairfield, NJ ("Micro-Con").  Micro-Con
manufactures integrated microwave assemblies, which include
up and down converters, phase shifters, filters, attenuators and
amplifiers.

Richard Kalin, President of Micronetics, stated "The
acquisition of Micro-Con is another example of our strong
commitment to expand and deepen the resources of our
Defense Electronics Group.  Tony Pospishil, a founder of
Micro-Con, has joined Micronetics as Vice President and
General Manager of Micro-Con.  He will continue to lead
Micro-Con and develop innovative products in support of
customer requirements.  We were pleased to complete this
transaction quickly and efficiently; this is a reflection of our
increased experience completing these type of transactions."

David Robbins, Senior Vice President of Micronetics'
Defense Electronics Group, stated "We partnered with Micro-
Con for over a year.  Tony and his team have proven to be
excellent partners in delivering high quality subassemblies for
some of our most strategic jobs.  Now that we are scaling up
production, we felt it was a good time to bring Micro-Con
onboard.  Tony and his team dramatically increase our
capability to deliver leading-edge, integrated sub-assembly
solutions for our customers.  This is consistent with our goal
of continuing to expand our Defense Electronics Group by
building up our resources to manufacture and design complex
integrated subassemblies."

Micronetics, operating through its Defense Electronics
Group, designs and manufactures microwave and radio
frequency (RF) components and integrated subassemblies used
in a variety of defense, aerospace and commercial
applications. Operating through its Test Solutions, Noise
Products and VCO Products Groups, Micronetics designs and
manufactures test equipment and components that are utilized
in or test the strength, durability and integrity of
communication signals in communications equipment.
Micronetics serves a diverse customer base, including Aerosat,
Alcatel, BAE Systems, Boeing, EADS, Ericsson, Honeywell,
L-3 Communications, Lockheed Martin, Motorola, NEC,
Northrop Grumman, Raytheon, Southwest Research,
Teradyne, Tektronix and Thales. Micronetics also operates
through its wholly-owned subsidiaries, Enon Microwave, Inc.,
Microwave Concepts, Inc. and Microwave & Video Systems,
Inc.

Some of the statements contained in this news release
are forward-looking statements.  The accuracy of these
statements cannot be guaranteed as they are subject to a
variety of risks, including but not limited to the success of the
products into which the Company's products are integrated,
internal projections as to the demand for certain types of
equipment, competitive products and pricing, the success of
new product development efforts, the timely release for
production and the delivery of products under existing
contracts, access to financial resources, future economic
conditions generally, as well as other factors.  The information
in this release should be reviewed in conjunction with
Micronetics' Annual Report for its fiscal year ended March
31, 2002.






CONTACT:

Micronetics, Inc.
Richard S. Kalin, President
(212) 239-8900 x22
RKalin@Micronetics.com