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

          Dynasil Announces First Quarter 2009 Results

WEST  BERLIN,  N.J. - February 17, 2009 - Dynasil Corporation  of
America (OTCBB: DYSL.OB), announced the results of operations for
its  first  quarter of fiscal year 2009 ended December 31,  2008.
Dynasil  derives  the  majority  of  its  revenue  from  contract
research   for  government  and  private  industry   and   is   a
manufacturer  of  specialized instruments and  photonic  products
including optical materials, components and coatings. The Company
serves  a  broad  range of applications markets in  the  medical,
industrial, and homeland security/ defense sectors.
Revenues for the quarter ended December 31, 2008 more than
tripled to $8.8 million compared to revenues of $2.8 million for
the quarter ended December 31, 2007.  Income from Operations for
the quarter nearly tripled to $657,370 compared to $234,479 for
the quarter ended December 31, 2007.  Net income for the quarter
was $355,639 or $0.02 per share, compared with  net income of
$190,286, or $0.03 per share, for the quarter ended December 31,
2007.  This is the second quarter since the acquisition of
Radiation Monitoring Devices, Inc. and certain assets of RMD
Instruments, LLC (together, "RMD") on July 1, 2008, which was the
key driver for the tripling of revenues.  The current recession
resulted in reduced commercial product revenues and impacted
commercial product profitability. Contract research revenues
continued to grow and RMD has significantly increased Dynasil
technical capabilities and intellectual property.   Net Operating
Loss carry-forwards for federal taxes were exhausted during
fiscal year 2008 so first quarter net income was impacted by
increased federal tax provisions as well as the higher interest
costs related to the RMD acquisition.

  "Given overall economic conditions, we are pleased that we were
able  to  triple  revenues  and produce  solid  profits  for  the
quarter,"  said  Craig T. Dunham, President and  CEO.   "We  have
taken  steps to reduce costs while increasing sales and marketing
activities.   As  we  look to the future, we  are  targeting  the
commercialization  of RMD's new technology for applications  such
as   sensors   for   improved  medical  imaging,  non-destructive
structural  testing and Homeland Security's detection of  nuclear
materials.   We  continue to execute our strategy of  significant
and  profitable  growth through organic growth, commercialization
of our broad research portfolio and acquisitions."
About  Dynasil:  Founded in 1960, Dynasil is  a  manufacturer  of
photonic   products  including  optical  materials,   components,
coatings  and  instruments  for a  broad  range  of  applications
markets  in  the  medical, industrial and 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      September
                                          31             30
                                          2008           2008
              ASSETS
                                     (Unaudited)
                                      -----------     -----------
Current assets
   Cash and cash equivalents           $2,215,937      $3,882,955
   Accounts receivable, net             4,852,562       3,390,703
   Inventories                          2,464,403       2,909,730
   Deferred tax asset                     233,500         233,500
   Other current assets                   268,909         259,896
                                      -----------     -----------
      Total current assets             10,035,311      10,676,784

Property, plant and equipment, net      2,735,447       2,694,290
Other Assets
   Intangibles, net                     7,633,448       7,767,258
   Goodwill                            11,054,396      11,054,396
   Deferred financing costs, net           73,899          81,136
   Other assets                            11,351           8,360
                                      -----------     -----------
      Total other assets               18,773,094      18,911,150
                                      -----------     -----------
      Total Assets                    $31,543,852     $32,282,224
                                      ===========     ===========

   LIABILITIES AND STOCKHOLDERS'
              EQUITY

Current liabilities
    Short Term Note Payable                63,130        490,117
     Current  portion of  long-term     1,655,626      1,649,101
      debt
    Note payable to related party       2,000,000            -0-
    Accounts payable                      633,797      1,026,675
    Billings in excess of cost            753,170        216,946
    Accrued expenses and other          1,158,056      1,440,222
     current liabilities
                                      -----------     -----------
      Total current liabilities         6,293,779      4,823,061

Long-term Liabilities
    Long-term debt, net                 7,711,587      8,178,420
    Note payable to related party            -0-       2,000,000
                                      -----------     -----------
      Total long-term liabilities      7,711,587      10,178,420

Stockholders' Equity                  17,538,486      17,280,743

Total Liabilities and Stockholders'  $31,543,852     $32,282,224
  Equity                             ===========     ===========

DYNASIL CORPORATION OF AMERICA AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF OPERATIONS

                                  Three Months Ended
                                          December 31
                                             2008
2007

Sales                        $8,767,275  $2,814,907

Cost of Sales                 5,527,568   1,892,331
                              ---------   ---------
Gross Profit                  3,239,707     922,576


Selling, general and          2,582,337     688,097
administrative
                              ---------   ---------

Income from Operations          657,370     234,479

Interest expense - net          186,797      33,523
                              ---------   ---------

Income before Income Taxes      470,573     200,956

Income Tax expense              114,934      10,670
                              ---------   ---------

Net Income                     $355,639    $190,286
                              =========   =========
Net Income per share
   Basic                         $0.02       $0.03
   Diluted                       $0.02       $0.03

Weighted average shares      11,349,404   6,198,183
 outstanding