Synergx Systems Inc. (Nasdaq Small Cap-SYNX) Announces First Quarter Results

Synergx Systems Inc. (Nasdaq Small Cap-SYNX) Announces First
Quarter Results 


SYOSSET, N.Y., Feb. 11  /PRNewswire-FirstCall/ -- Synergx Systems Inc. reported
the following for its first quarter ended December 31, 2004:

                                                        THREE MONTHS
                                                     2004           2003

  Revenues                                     $4,467,000     $4,202,000
  (Loss) Before Equity
   Investment and Tax Benefit                    (241,000)      (194,000)
  (Loss) from Equity Investment                   (10,000)       (20,000)
  (Loss) Before Tax Benefit                      (251,000)      (214,000)
  Net (Loss)                                     (155,000)      (126,000)
  Basic (Loss) per share                            ($.03)         ($.03)
  Diluted (Loss) per share                          ($.03)         ($.03)
  Weighted Average Common and Potential
  Dilutive Common Share Equivalents
   Outstanding                                  5,136,862      4,166,103




The 6% increase in revenues reflected increased shipments with respect to New
York City Transit projects compared to last year when Synergx experienced
delays in securing approvals for production and shipment.  Partially offsetting
this increase were lower product revenues in our Dallas Texas market area,
which declined significantly from 2003.  Management expects revenues to
increase in Dallas for the balance of the year.

The increase in loss before income taxes was consistent with budget due to the
decrease in gross profit caused by a change in mix of product revenue and from
unabsorbed fixed overhead in Dallas. For the three month period ended December
31, 2004, the Company also recorded a loss of $10,000 on its equity in the
operating loss of Secure 724 LP compared to a loss of $20,000 in 2003.

Management noted the Company is aggressively marketing its products and
services and seeking additional sales representatives in order to maintain and
increase revenues. Management also commented that the Company is continuing to
evaluate acquisitions and/or investments and explore opportunities relating to
its 25% investment and license relationship with Secure 724 L.P., including
applications for commercial facilities and on-board transit communication.

Synergx is engaged in the design, manufacture, marketing and service of a
variety of data communication products and systems with applications in the
fire alarm, life safety, security and communication industries.

"Safe Harbor" statement under the Private Securities Reform Act of 1995: This
release contains forward-looking statements, which reflect management's current
views of future events and operations.  These forward-looking statements are
based on assumptions and external factors, including assumptions relating to
product pricing, competitive market conditions, financial data, and other risks
or uncertainties detailed from time to time in the Company's filings with the
Securities and Exchange Commission.  These forward-looking statements represent
the Company's judgment as of the date of this release and any changes in the
assumptions of external factors could produce significantly different results. 

DATASOURCE: Synergx Systems Inc.



CONTACT:  John Poserina, Chief Financial Officer, Synergx Systems Inc.,

[phone]

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