Cemtrex, Inc.'s Sales Increase 298% in Fiscal Year 2004 FARMINGDALE, N.Y., Jan. 25 /PRNewswire-FirstCall/ -- Cemtrex, Inc. (OTC:CTEX) today reported a net profit of $58,282 ($.02 per share) on sales of $722,836 for its fiscal year ended September 30, 2004, compared to a net loss of $64,797 ($.02 per share) on sales of $242,195 for the fiscal year ended September 30, 2003. The Company's selling, general and administrative expenses grew from $204,519 in fiscal year 2003 to $277,682 in fiscal year 2004. Gross profit of $344,113 for the twelve-month period ended September 30, 2004 was 48% of sales compared to $145,837 or 60% of sales, in the same period in the previous year. The lower gross profit in the fiscal year 2004, compared to the fiscal year 2003 was, in part, due to more systems projects executed during 2004 in comparison to the replacement parts business of the Company since the margins on systems projects are lower than the replacement parts margins. As the Company grows and carries out more systems projects the gross margin is expected to be inline with the fiscal year 2004 results. Cemtrex is engaged in manufacturing and selling the most advanced instruments and other monitoring systems to measure atmospheric concentrations of hazardous gases, certain biological agents and other toxins. Company's products are sold to power plants, refineries and other industries and Governmental agencies. Summary Consolidated Financial Data (Unaudited) Twelve Months Ended Twelve Months Ended September 30, September 30, 2004 2003 Sales $722,836 $242,195 Cost of sales 378,723 96,358 Gross profit 344,113 145,837 Selling, general and administrative expenses (277,682) (204,519) Operating profit/loss 66,431 (58,682) Interest and other expenses (8,149) (6,115) Loss before income taxes 58,282 (64,797) Provision for income taxes - - Net profit/loss $58,282 $(64,797) Profit/Loss per share: $0.02 $(0.02) For additional information, please contact: Cemtrex, Inc., 19 Engineers Lane, Farmingdale, NY 11735, USA; Tel: 631-756-9116; Aron Govil, President & CEO at 516-816-1400 This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com/. DATASOURCE: Cemtrex, Inc. CONTACT: Cemtrex, Inc., +1-631-756-9116, or Aron Govil, Cemtrex President & CEO, +1-516-816-1400

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