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Glass Lewis Supports Pro-Dex Board Nominees; Recommends Shareholders Vote For All Nominees On The Company's BLUE PROXY CARD

Stocks in this article: PDEX

IRVINE, Calif., Jan. 7, 2013 /PRNewswire/ -- PRO-DEX, INC. (Nasdaq: PDEX) announced today that a report issued on January 3 rd by Glass Lewis & Co., a leading independent proxy advisory firm serving institutional investors globally, recommends that shareholders continue to support incumbent management and the board of Pro-Dex, and vote for all of the Company's board nominees on the BLUE PROXY CARD at the upcoming Annual Meeting of Shareholders to be held on January 17, 2013.

(Logo:  http://photos.prnewswire.com/prnh/20111025/LA93174LOGO-c)

Michael J. Berthelot, the Company's President and Chief Executive Officer, commented, "We are pleased that after performing a significant amount of research and analysis on the issues, Glass Lewis has recommended that the incumbent slate of directors be re-elected in the upcoming shareholders meeting. We believe that the Glass Lewis analysis presents a fair picture of our Company's challenges and the steps we are taking to move our strategy forward and build value for all of our shareholders. We urge all of our shareholders to vote FOR the Company's nominees on the BLUE PROXY CARD."

Mr. Berthelot also noted that "While we are disappointed that ISS did not reach the same conclusion, we note that, in spite of what AO Group implied in a recent press release, ISS did not recommend that all of their candidates be elected and specifically advised that shareholders should withhold their votes for one of the AO candidates. ISS concluded that 'support for a controlling slate is not justified.'  We are disappointed that the AO Group would mischaracterize the ISS conclusion."

"It is not too late to vote using the BLUE PROXY CARD," Mr. Berthelot continued. "Even if you have already voted, you may change your vote to one in support of the incumbent directors by voting the BLUE PROXY CARD on-line at www.proxyvote.com, by telephone at 1-800-690-6903, or by mail to Vote Processing, c/o Broadridge, 51 Mercedes Way, Edgewood, NY 11717. If you have any questions about the voting process, please do not hesitate to call our proxy solicitor, AST Phoenix Advisors, toll-free at 1-877-721-1318. We appreciate your support, and pledge to do our best to build value for all of our shareholders."

Fiscal 2013 Second Quarter Financial Results Conference Call and Webcast

Pro-Dex invites investors and analysts to participate in management's broadcast review of the Company's fiscal 2013 second quarter financial results.

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