Pro-Dex, Inc. & Dentsply International Terminate M & A Discussions

Apr 30, 2001, 01:00 ET from Pro-Dex, Inc.

    LOUISVILLE, Colo., April 30 /PRNewswire/ -- Pro-Dex, Inc. (Nasdaq: PDEX)
 today announced that it has terminated discussions concerning possible
 acquisition of its dental subsidiaries by Dentsply International.  On November
 8, 2000, the companies jointly announced Dentsply's letter of intent to
 acquire Pro-Dex in a stock for stock transaction.  On April 10, 2001, the
 companies announced that Dentsply was withdrawing the original proposal and
 would negotiate with Pro-Dex concerning possible acquisition of its dental
 operations.
     Kent E. Searl, Chairman and CEO of Pro-Dex, stated, "We were unable to
 reach agreement on terms satisfactory to both parties.  However, management is
 examining other options to enhance shareholder value in Pro-Dex."   "With the
 termination of negotiations with Dentsply, other opportunities have emerged
 and management is confident that a transaction will be consummated in the near
 future."
 
     Pro-Dex, Inc. is a Colorado-based holding company with the following
 wholly-owned subsidiaries:  Biotrol International, Inc., and Challenge
 Products, Inc., located in Louisville, Colorado, manufactures and distributes
 a full line of infection control and preventive products specifically designed
 for the dental care provider; Micro Motors, Inc., located in Santa Ana,
 California, is the manufacturer of miniature pneumatic (air) motors and
 handpieces used in dental, medical and industrial applications; Oregon Micro
 Systems, Inc., located in Beaverton, Oregon, manufactures motion control
 products.
 
     Except for the historical information contained herein, the matters
 discussed in this release are forward looking statements that involve risks
 and uncertainties that could cause actual results to differ materially from
 those projected.  These include the timely development and acceptance of new
 products, the impact of competitive products and pricing, and other risks
 detailed frequently in Pro-Dex's SEC reports, including the report on Form
 10-KSB for the year ended June 30, 2000.
 
     NOTE:  For further information about Pro-Dex, Inc. you are invited to
 visit our web site, http://www.PDEX.com
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X31196875
 
 

SOURCE Pro-Dex, Inc.
    LOUISVILLE, Colo., April 30 /PRNewswire/ -- Pro-Dex, Inc. (Nasdaq: PDEX)
 today announced that it has terminated discussions concerning possible
 acquisition of its dental subsidiaries by Dentsply International.  On November
 8, 2000, the companies jointly announced Dentsply's letter of intent to
 acquire Pro-Dex in a stock for stock transaction.  On April 10, 2001, the
 companies announced that Dentsply was withdrawing the original proposal and
 would negotiate with Pro-Dex concerning possible acquisition of its dental
 operations.
     Kent E. Searl, Chairman and CEO of Pro-Dex, stated, "We were unable to
 reach agreement on terms satisfactory to both parties.  However, management is
 examining other options to enhance shareholder value in Pro-Dex."   "With the
 termination of negotiations with Dentsply, other opportunities have emerged
 and management is confident that a transaction will be consummated in the near
 future."
 
     Pro-Dex, Inc. is a Colorado-based holding company with the following
 wholly-owned subsidiaries:  Biotrol International, Inc., and Challenge
 Products, Inc., located in Louisville, Colorado, manufactures and distributes
 a full line of infection control and preventive products specifically designed
 for the dental care provider; Micro Motors, Inc., located in Santa Ana,
 California, is the manufacturer of miniature pneumatic (air) motors and
 handpieces used in dental, medical and industrial applications; Oregon Micro
 Systems, Inc., located in Beaverton, Oregon, manufactures motion control
 products.
 
     Except for the historical information contained herein, the matters
 discussed in this release are forward looking statements that involve risks
 and uncertainties that could cause actual results to differ materially from
 those projected.  These include the timely development and acceptance of new
 products, the impact of competitive products and pricing, and other risks
 detailed frequently in Pro-Dex's SEC reports, including the report on Form
 10-KSB for the year ended June 30, 2000.
 
     NOTE:  For further information about Pro-Dex, Inc. you are invited to
 visit our web site, http://www.PDEX.com
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X31196875
 
 SOURCE  Pro-Dex, Inc.