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Olympus Acquires Assets of NY/NJ Scientific

Will Sell Microscope and Imaging Systems Directly in New York and New Jersey

CENTER VALLEY, PA, November 2, 2006 -- Olympus America Inc. has announced an asset purchase agreement with New York/New Jersey Scientific, Inc., a distributor and value added reseller of scientific instrumentation and systems based in Middlebush, NJ. Effective November 1, Olympus will directly service NY/NJ Scientific's sales territory in both states. Olympus will be selling microscopes, imaging systems and other products for research and clinical applications throughout the region with an enhanced sales force, to include existing sales staff of NY/NJ Scientific.

"This is a key region for Olympus' Scientific Equipment Group, thanks to the area's large number of universities, research facilities, clinical laboratories and pharmaceutical and biotechnology companies," said Dr. Stephen S. Tang, Group Vice President and General Manager for Life Science at Olympus America. "This deal is part of a strategy that will help further build our strength in every region of the country. Olympus offers a combination of direct and dealer sales, depending on the region, to ensure that we can provide the best knowledge, products and service to microscope users across the U.S."

NY/NJ Scientific's founder Yatsuhiro "Andy" Sekine initiated the idea of the arrangement as he began planning for retirement. "I began my career in the U.S. as an Olympus employee, and have spent my entire life working with the company. I wanted to be sure that we provided the best continuity for our customers and organization, so I approached Olympus with the idea of taking over our operation when I retire, to benefit our staff and clients and provide a seamless transition."

Existing NY/NJ Scientific customers will continue to work with their current sales representatives, using their customary contact information for the foreseeable future. The staff will be based at the Olympus headquarters in the Lehigh Valley of Pennsylvania, with direct sales representatives spread throughout the region. For more information, please contact Richard Baucom, Director of Sales for the Olympus Scientific Equipment Group, at (484) 896-5000, or email richard.baucom@olympus.com

About Olympus Scientific Equipment Group
Olympus Scientific Equipment Group provides innovative microscope imaging solutions for researchers, doctors, clinicians and educators. Olympus microscope systems offer unsurpassed optics, superior construction and system versatility to meet the ever-changing needs of microscopists, paving the way for future advances in life science.

About Olympus
Olympus is a precision technology leader, designing and delivering imaging solutions in healthcare, life science and photography. Olympus works collaboratively with its customers and its parent company, Tokyo-based Olympus Corporation, to leverage R&D investment in precision technology and manufacturing processes across diverse business lines. These include:

  • Gastrointestinal endoscopes, accessories, and minimally invasive surgical products;
  • Advanced clinical and research microscopes;
  • Lab automation systems, chemistry-immuno and blood bank analyzers and reagents; and
  • Digital and film cameras, and digital voice recorders.

    In the U. S. and Canada, Olympus serves healthcare, scientific and commercial laboratory markets with integrated product solutions and financial, educational and consulting services that help customers efficiently, reliably, safely, and easily achieve superior results. Olympus is the leader in gastrointestinal endoscopy and clinical and educational microscopes. The company's consumer electronics business spans North and South America. For more information, visit www.olympusamerica.com.

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