CLEARWATER, FL--(Marketwire - October 01, 2007) - Procyon Corporation, a Florida-based company (OTCBB: PCYN) (the "Company"), whose subsidiaries are Amerx Health Care Corporation -- www.Amerigel.com -- and Sirius Medical Supply -- www.siriusmedical.com -- released its 10-KSB for its fiscal year ended June 30, 2007. The report reflects the 17th consecutive quarter and 3rd consecutive year that Procyon Corporation has posted a profit for its operations. Net sales during fiscal 2007 were approximately $2,536,577, an increase of approximately 10% over the same period one year ago. We believe that the sales increase was a result of further penetration within existing target markets. Gross profit for the year was approximately $1,936,402, reflecting an 8% increase over the prior fiscal year. Gross profit was approximately 76% of net sales for this period. Net income for fiscal 2007 increased by 46% to $498,380. This resulted in a $0.06 basic net income per common share for the fiscal year. The full report can be found in the latest 10-KSB filing made with the Securities and Exchange Commission on September 27, 2007, at www.sec.gov.
