Contact:
                                        Craig Dunham
                                        Dynasil Corporation of
                                        America
                                        Phone: (856) 767-4600
                                        Email:
                                        cdunham@Dynasil.com


         Dynasil And EMF Announce Acquisition Agreement

WEST BERLIN, N.J.-August 21, 2006 - Dynasil Corporation of
America (OTCBB: DYSL) and Evaporated Metal Films Corp. of Ithaca,
New York ("EMF") are pleased to announce that a definitive
agreement has been signed for Dynasil to acquire 100% of the
stock of EMF for a cash payment at closing.  Dynasil is a
manufacturer of optical blanks from synthetic fused silica and
other optical materials as well as optical components and
specialized optical systems for the laser, optical instrument,
and general optics markets.  EMF Corporation produces optical
thin-film coatings for a broad range of application markets
including display systems, optical instruments, satellite
communications, and lighting.  EMF has optical coatings
capabilities that are targeted additions to those currently
offered by Dynasil including its Optometrics subsidiary.

Consummation of the transaction is contingent upon several
important conditions including successful completion of debt and
equity financing efforts which are currently well underway.  The
transaction closing is currently scheduled for October 2, 2006.
The current EMF owner and CEO, Ms. Megan Shay, plans to continue
in an active leadership role and executive position for at least
one year after closing.  If consummated, Dynasil's plan is for
EMF to continue to operate from its Ithaca, N.Y. facility as a
Dynasil business unit.  Ms. Shay commented that "This is a very
positive development for EMF customers and employees since
Dynasil brings increased capabilities and resources to EMF."
The acquisition of EMF is expected to immediately increase
Dynasil revenues by 40-50% and to contribute significant net
income in the future.  Mr. Craig Dunham, Dynasil's President and
CEO, had the following comments on the definitive agreement:  "I
believe that EMF will be an excellent addition to Dynasil with
EMF's broad capabilities for optical coatings, strong people, and
optical customers and markets that fit well with Dynasil.   EMF
and Dynasil have some complementary strengths that we expect will
result in increased growth and profitability for both companies."
About Dynasil: Founded in 1960, Dynasil Corporation of America is
a fabricator of optical blanks from synthetic fused silica, fused
quartz, and other optical materials for the semi-conductor,
laser, space and optical components industries, and its
subsidiary, Optometrics Corporation, is a worldwide supplier of
optical components including diffraction gratings, thin film
filters, laser optics, monochromators, and specialized optical
systems.

This news release may contain forward-looking statements usually
containing the words "believe," "expect," or similar expressions.
These statements are made pursuant to the safe harbor provisions
of the Private Securities Litigation Reform Act.  Future results
of operations, projections, and expectations, which may relate to
this release, involve certain risks and uncertainties that could
cause actual results to differ materially from the forward-
looking statements.  Factors that would cause or contribute to
such differences include, but are not limited to, the factors
detailed in the Company's Annual Report or Form 10-KSB and in the
Company's other Securities and Exchange Commission filings,
continuation of existing market conditions and demand for our
products.