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

      Dynasil Announces First Quarter Fiscal Year 2007 Results

WEST BERLIN, N.J.- February 14, 2007 - Dynasil Corporation of America
(OTCBB: DYSL.OB), announced results of operations for the quarter
ended December 31, 2006.  Dynasil is a manufacturer of photonics
products including optical materials, components, coatings and
specialized sub-systems.  We fabricate optical blanks from synthetic
fused silica and other optical materials for the laser, semi-
conductor, aerospace and optical instrument industries. Through our
subsidiary, Optometrics Corporation, we are a worldwide supplier of
optical components including diffraction gratings, thin film filters,
laser optics, monochromators, and specialized optical sub-systems.
On October 2, 2006, we acquired 100% of the stock of Evaporated Metal
Films Corporation ("EMF") of Ithaca, NY.  EMF provides optical thin-
film coatings for a broad range of application markets including
display systems, optical instruments, satellite communications and
lighting.  This is the first quarter which includes EMF results.

Revenues  for the quarter ended December 31, 2006 were $2,536,297  an
increase  of 63.8% over revenues of $1,548,040 for the quarter  ended
December  31,  2005.  Net profit for the quarter ended  December  31,
2006  was  $22,902 or $.00 per share compared with a  net  profit  of
$25,425  or $.00 per share for the quarter ended December  31,  2005.
Excluding  the  impact  of  the  EMF acquisition,  revenues  for  our
historical  businesses were up 22% and net income was up  411%,  from
$25,000 to $130,000, compared to the three months ended December  31,
2005.    Strong  revenue  growth  combined  with  continued   process
improvements   drove   those  significant  gains.   As   anticipated,
transitional and process improvement costs resulted in a loss at  EMF
for  its  first  quarter  with Dynasil.   The  EMF  loss  offset  the
outstanding  improvements in our historical businesses.    Management
anticipates  a  reduced  level of EMF losses  in  Quarter  2  and  is
targeting profitable results for the second half.  During Quarter  1,
we  filled  key EMF leadership positions, developed clear  goals  and
initiated  a  strong  focus on developing the  disciplined  processes
required  for  EMF  to consistently execute with  excellent  quality,
service, and cost performance.

"We are pleased with the 411% net income increase for our historical
business and the completion of the EMF acquisition.  We have a very
clear focus on the EMF improvements required to make it profitable.
Implementation is underway and we expect to see results later this
year. EMF fits well with our markets and has strong people and
capabilities." said Craig T. Dunham, President and CEO.  "Achieving
22% organic growth and closing the EMF acquisition are important
milestones towards executing our strategy of profitable growth in our
photonics businesses and through strategic acquisitions."
About Dynasil: Founded in 1960, Dynasil is a manufacturer of photonic
products including optical materials, components, coatings and
specialized sub-systems.

This news release may contain forward-looking statements usually
containing the words "believe," "expect,", "anticipate" 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.

<PAGE>

Dynasil Corporation of America and
Subsidiaries
Consolidated Balance Sheets





                                       December 31   September 30
                                         2006          2006

              ASSETS

Current assets
   Cash and cash equivalents         $  442,081    $   352,139

   Accounts receivable                1,210,334      1,086,394
   Inventories                        1,479,335      1,131,648
   Deferred tax asset                   151,300         61,500
      Other current assets              141,998        128,957
                                      ---------      ---------
      Total current assets            3,425,048      2,760,638

Property, plant and equipment, net    2,380,440        626,790

Other assets                             91,761         78,812
                                      ---------      ---------
      Total Assets                    $5,897,249    $3,466,240
                                      ==========     =========

  LIABILITIES AND STOCKHOLDERS'
              EQUITY

Current liabilities
   Note payable to bank- Line of       $297,766       $190,000
    credit
   Current portion of long-term          92,422         72,482
    debt
   Accounts payable                     718,347        390,110
   Accrued expenses and other           435,800        368,977
    current liabilities
                                      ---------      ---------
      Total current liabilities       1,544,335      1,021,569

Long-term debt, net                   1,618,297        593,889
Deferred income taxes                    63,900           -0-
Stockholders' Equity                  2,670,717      1,850,782
                                      ---------      ---------
Total Liabilities and                $5,897,249     $3,466,240
Stockholders' Equity
                                      ==========     =========


Dynasil Corporation of America and Subsidiaries
Consolidated Statement of Operations


                                     Three Months Ended
                                    December 31  (Unaudited)
                                       2006             2005

Sales                                $2,536,297  $1,548,040

Cost of Sales                         1,883,862   1,069,896
                                      ---------   ---------

Gross Profit                            652,435     478,144

Selling, general and                    605,466     426,659
administrative                        ---------   ---------

Income (Loss) from Operations            46,969      51,485

Interest expense - net                  (14,997)    (20,535)
                                      ---------   ---------
Income before Income Taxes               31,972      30,950

Income Tax expense                      ( 9,070)     (5,525)
                                      ---------   ---------

Net Income                             $ 22,902    $ 25,425
                                      ---------   ---------
Net Income per share
   Basic                                 $0.00     $0.00
   Diluted                               $0.00     $0.00