Pro-Dex, Inc. Announces the Sale of Its Carson City, Nevada Property

     Pro-Dex, Inc. Announces the Sale of Its Carson City, Nevada Property

PR Newswire

IRVINE, Calif., July 11, 2013

IRVINE, Calif., July 11, 2013 /PRNewswire/ -- PRO-DEX, INC. (NasdaqCM: PDEX)
today announced that on July 5, 2013 it completed the sale of its land and
building in Carson City, Nevada. The sales price of the property was $980,000,
resulting in net proceeds to the Company of approximately $915,000, after
deductions for expenses related to the sale, primarily consisting of broker
commissions and fees, aggregating approximately $65,000. The property was not
encumbered by any debt.

(Logo: http://photos.prnewswire.com/prnh/20111025/LA93174LOGO-c)

As previously disclosed, in April 2013 the Company entered into a Purchase
Agreement for the sale of the Carson City land and building to the purchaser,
Aesthetic and Reconstructive Technologies, Inc. The property formerly housed
the Company's fractional horsepower motor product line doing business as
Pro-Dex Astromec, which was sold to SL Montevideo Technology, Inc. in February
2012.

About Pro-Dex, Inc.:

Pro-Dex, Inc., with operations in California and Oregon, specializes in the
design, development and manufacture of powered rotary drive surgical and
dental instruments used primarily in the orthopedic, spine, maxocranial facial
and dental markets. Its OMS division designs and manufactures embedded motion
control systems serving the medical, dental, semi-conductor and scientific
research markets. Pro-Dex's products are found in hospitals, dental offices,
medical engineering labs, scientific research facilities and high tech
manufacturing operations around the world. For more information, visit the
Company's website at www.pro-dex.com.

Statements herein concerning the Company's plans, growth and strategies may
include 'forward-looking statements' within the context of the federal
securities laws. Statements regarding the Company's future events,
developments and future performance, as well as management's expectations,
beliefs, plans, estimates or projections relating to the future, are
forward-looking statements within the meaning of these laws. The Company's
actual results may differ materially from those suggested as a result of
various factors. Interested parties should refer to the disclosure concerning
the operational and business concerns of the Company set forth in the
Company's filings with the Securities and Exchange Commission.

SOURCE Pro-Dex, Inc.

Website: http://www.pro-dex.com
Contact: Harold A. Hurwitz, Chief Executive Officer, +1-949-769-3200
 
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