Science Dynamics Enters Into Agreement to Acquire Systems Management Engineering, Inc.

Science Dynamics Enters Into Agreement to Acquire Systems Management Engineering, Inc.

PENNSAUKEN, N.J., Dec. 17 /PRNewswire-FirstCall/ -- Science Dynamics Corporation -- "SciDyn" (BULLETIN BOARD: SIDY) , a developer of Internet Protocol-based (IP) telephony solutions and services, today announced that it has entered into an agreement to acquire Systems Management Engineering, Inc. (SMEI) a software development company located in Reston, Virginia. SMEI provides systems development services to government and commercial customers using Aquifer, a proprietary technology developed by SMEI to deliver secure enterprise applications in a cost effective manner to its clients. The acquisition is anticipated to close within 60 days.

Eric Zelsdorf, SMEI President and CTO, stated, "We are excited about the opportunity to work with Science Dynamics to help expand our business utilizing our combined technologies to provide our customers with unique innovative software solutions."

Paul Burgess, Science Dynamics COO, said, "We are excited about the acquisition of SMEI and working with Eric Zelsdorf and his team to further expand our software business into other markets. Having evaluated SMEI's position in the market place and the capabilities of the Aquifer technology, we believe combining our technologies will help strengthen our competitive position and provide Science Dynamics with an expanded customer base to sell our software products and services while maintaining our margins."

Alan C. Bashforth, Science Dynamics CEO, said, "The acquisition of SMEI represents the commencement of the next stage in the re-development of Science Dynamics. We are very excited by this opportunity to work with the talented people at SMEI and are looking forward to continuing the growth of our companies."

About Systems Management Engineering, Inc.

Headquartered in Reston, West Virginia, Systems Management Engineering (SMEI) provides federal, state and local government and private industry with engineering services coupled with innovative information technology solutions. SMEI is committed to addressing the growing public and private sector demand for integrated, secure, enterprise class e-business solutions.

SMEI received a nomination for the prestigious Malcolm Baldridge Quality Award for developing and implementing a Department of Defense intranet-based asset management system to support the Navy Facilities Engineering Command worldwide. SMEI received Washington Technology's Fast 50 award for 2003. Visit SMEI's Website at http://www.sysmanagement.com/.

About Science Dynamics Corporation

Headquartered in Cherry Hill, New Jersey, Science Dynamics Corporation (SciDyn) is a developer of telecommunications solutions. SciDyn's IP telephony products enable the seamless connection between traditional circuit-switch based networks and the next generation of packet-based networks. SciDyn's products include: The IntegratorC-2000(R) series of IP Telephony Gateways, the Commander II Inmate Control phone system (also based on the IntegratorC- 2000(R) architecture) and the VFX-200 series of Video over Frame Relay Access Devices (FRADs). Visit Science Dynamics Website at http://www.scidyn.com/.

Science Dynamics ("The Company") is making this statement in order to satisfy the "safe harbor" provisions contained in the Private Securities Litigation Reform Act of 1995. This press release includes forward-looking statements relating to the business of the Company. Forward-looking statements contained herein or in other statements made by the Company are made based on management's expectations and beliefs concerning future events impacting the Company and are subject to risks, uncertainties and other factors relating to the Company's operations and business environment, all of which are difficult to predict and many of which are beyond the control of the Company, that could cause actual results of the Company to differ materially from those set forth above. The Company believes that the following factors, among others, could affect the Company's results of operations and financial position, affect its future performance and cause actual results of the Company to differ materially from those expressed in or implied by forward-looking statements made by or on behalf of the Company: (a) the effect of technological changes; (b) increases in or unexpected losses; (c) increased competition; (d) fluctuations in the costs to operate the business; (e) uninsurable risks; and (f) general economic conditions.


Source: Science Dynamics Corporation

CONTACT: Paul Burgess, Science Dynamics Corporation, +1-856-910-1166,
ext. 2111

Web site: http://www.sysmanagement.com/

Web site: http://www.scidyn.com/


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