Scientific Industries Inc. Reports Results for Quarter

BOHEMIA, N.Y., Nov. 17, 2008 (GLOBE NEWSWIRE) -- Scientific Industries Inc. (OTC BB:SCND.OB - News) reported a net loss of $78,100 ($.07 per share) for the three month period ended September 30, 2008 compared to net income of $146,700 ($.13 per basic share) for the three month period ended September 30, 2007. The loss was the result of a reduction of $528,100 (35%) in net sales, primarily those of the catalyst research instruments operations; an increase in costs of materials of the benchtop laboratory equipment operations, and an increase in research and development expenses.