Stuart Fine
                                  Phone: (908) 469-1788
                                  Email:
                                  stuart@carpedminc.com


        Dynasil Announces First Quarter 2010 Results

WEST  BERLIN, N.J. - February 16, 2010 - Dynasil Corporation
of America (OTCBB: DYSL.OB), ("Dynasil" or the "Company"), a
rapidly growing manufacturer of specialized instruments  and
products with applications in the homeland security/defense,
medical  and industrial sectors, today announced the results
of  operations  for the first quarter of  Fiscal  Year  2010
ending December 31, 2009.

Revenues  for the quarter ended December 31, 2009  increased
by  13.3%  to  $9.9  million compared to  revenues  of  $8.8
million  for  the quarter ended December 31,  2008.   Income
from  Operations  for  the  quarter  increased  by  63%   to
$1,071,836  compared  to  $657,370  for  the  quarter  ended
December  31, 2008.  Net income for the quarter was $613,769
or  $0.04 per share, an increase of 73% compared to $355,639
or $0.02 per share, for the quarter ended December 31, 2008.
These  gains in profitability were spurred primarily  by  an
increased  demand  for  our  products  and  services,  which
generated  a  13.3% revenue increase, as  well  as  improved
profitability  in  the Products and Instruments  businesses.
Management has now essentially completed integration of  the
RMD  acquisition and continues commercializing its promising
innovations.  Overall, Dynasil's contract  research  segment
continued  to  grow as interest in RMD's extensive  research
capabilities increased.  In addition, the Company  continued
revenue improvements in the Products and Instruments segment
and  more  than doubled its operating margin as a percentage
of revenues.

"We  are pleased that we were able to continue our five year
revenue  and  profitability track  record,"  said  Craig  T.
Dunham,   President  and  CEO.   "The  cost  and  efficiency
improvements completed over the last year have paid  off  in
increased  profitability  for our Products  and  Instruments
segment.   As  we look toward future growth, commercializing
RMD's new technologies for Homeland Security's detection  of
nuclear materials is our top priority.  We believe that  our
current  level  of profitability will allow us  to  be  more
aggressive in developing the opportunities that result  from
RMD's  dynamic research results. We expect our  revenues  to
continue  to  exceed prior year periods as we carry  on  our
strategy  of  significant  and  profitable  growth   through
organic development, commercialization of our broad research
portfolio,   complementary  acquisitions,   and   increasing
operating efficiencies."

About Dynasil: Founded in 1960, Dynasil is a manufacturer of
specialized  instruments and products for a broad  range  of
applications markets in the medical, industrial and homeland
security/  defense  sectors.  Its wholly owned  subsidiaries
are located in New Jersey, New York and Massachusetts.

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

Dynasil Corporation of America and
Subsidiaries
Consolidated Balance Sheets
                                                December 31      September 30
                                                   2009              2009
                                                 -----------     -----------
                 ASSETS
                                            (Unaudited)
Current assets
   Cash and cash equivalents                      $2,212,093      $3,104,778
   Accounts receivable, net                        5,626,191       4,053,742
   Inventories                                     2,162,265       2,371,516
   Deferred tax asset                                290,100         290,100
   Other current assets                              326,990         306,848
                                                 -----------     -----------
      Total current assets                        10,617,639      10,126,984

Property, plant and equipment, net                 2,676,642       2,744,724
Other Assets
   Intangibles, net                                7,098,230       7,232,035
   Goodwill                                       11,054,396      11,054,396
   Deferred financing costs, net                      60,490          64,637
                                                 -----------     -----------
      Total other assets                          18,213,116      18,351,068
                                                 -----------     -----------
      Total Assets                               $31,507,397     $31,222,776
                                                 ===========     ===========

  LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
    Current portion of long-term debt              1,775,585      1,749,524
    Note payable to related party                  2,000,000            -0-
    Accounts payable                                 880,472        773,837
    Billings in excess of cost                       480,548         60,448
    Income taxes payable                             153,564        507,122
    Dividends payable                                131,400        149,150
    Accrued expenses and other current             1,291,324      1,111,342
        liabilities
                                                 -----------     -----------
      Total current liabilities                    6,712,893      4,351,423

Long-term Liabilities
    Long-term debt, net                            5,634,703      6,386,796
    Note payable to related party                        -0-      2,000,000
                                                 -----------     -----------
      Total long-term liabilities                  5,634,703      8,386,796

Stockholders' Equity                              19,159,801     18,484,557
                                                 -----------     -----------
Total Liabilities and Stockholders'              $31,507,397    $31,222,776
 Equity
                                                 ===========     ===========

DYNASIL CORPORATION OF AMERICA AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF OPERATIONS

                              Three Months Ended
                                  December 31
                               2009       2008

Revenues                    $9,936,767 $8,767,275

Cost of Revenues             6,051,951  5,527,568
                             ---------  ---------
Gross Profit                 3,884,816  3,239,707

Selling, general and         2,812,908  2,582,337
administrative
                             ---------  ---------
Income from Operations       1,071,836    657,370

Interest expense - net         162,441    186,797
                             ---------  ---------
Income before Income Taxes     909,395    470,573

Income Tax expense             295,626    114,934
                             ---------  ---------
Net Income                    $613,769   $355,639
                             =========  =========
Net Income per share
   Basic                        $0.04     $0.02
   Diluted                      $0.04     $0.02
Weighted average shares
outstanding                  11,791,820  11,349,404
     Diluted                 11,968,319  12,328,159